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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 27, 2021
Feb. 29, 2020
Feb. 27, 2021
Feb. 29, 2020
Operating activities:        
Net income (loss) $ 228 $ (93) $ (230) $ (558)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:        
Depreciation and amortization 849 856 2,595 2,514
Inventory provisions 265 221 717 502
(Gain) loss on disposal of assets (6)   (6) 1
Share-based compensation expense 150 157 529 527
Deferred income taxes 3 76 (50) 51
Change in assets and liabilities:        
Accounts receivable (837) (760) (1,004) 1,066
Inventories 133 (754) (875) (4,173)
Prepaid expenses and other assets 428 (56) 156 146
Accounts payable 496 (726) (2,027) (2,091)
Accrued liabilities 873 152 4,285 (238)
Other 216 2 (222) (107)
Net cash provided by (used in) operating activities 2,798 (925) 3,868 (2,360)
Investing activities:        
Capital expenditures (555) (430) (1,835) (1,244)
Proceeds from maturity of investments     16,000 8,000
Purchases of investments     (9,000) (13,000)
Net cash (used in) provided by investing activities (555) (430) 5,165 (6,244)
Financing activities:        
Proceeds from issuance of common stock       59
Cash dividends paid (780) (776) (2,340) (2,326)
Payment of financing lease principal (45) (46) (136) (121)
Net cash used in financing activities (825) (822) (2,476) (2,388)
Effect of exchange rate changes on cash and cash equivalents (34) (2) 1,315 (152)
Increase (decrease) in cash and cash equivalents 1,384 (2,179) 7,872 (11,144)
Cash and cash equivalents at beginning of period 37,023 33,054 30,535 42,019
Cash and cash equivalents at end of period $ 38,407 $ 30,875 $ 38,407 $ 30,875