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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Aug. 28, 2021
May 29, 2021
Current assets:    
Cash and cash equivalents $ 36,418 $ 43,316
Accounts receivable, less allowance of $205 and $202, respectively 29,724 25,096
Inventories, net 67,649 63,508
Prepaid expenses and other assets 2,429 2,385
Total current assets 136,220 134,305
Non-current assets:    
Property, plant and equipment, net 17,132 17,067
Intangible assets, net 2,204 2,270
Lease ROU asset 4,116 2,570
Non-current deferred income taxes 534 541
Total non-current assets 23,986 22,448
Total assets 160,206 156,753
Current liabilities:    
Accounts payable 17,421 16,979
Accrued liabilities 14,534 14,182
Lease liability current 1,297 1,066
Total current liabilities 33,252 32,227
Non-current liabilities:    
Non-current deferred income tax liabilities 274 242
Lease liability non-current 2,638 1,358
Other non-current liabilities 1,364 1,366
Total non-current liabilities 4,276 2,966
Total liabilities 37,528 35,193
Stockholders’ equity    
Preferred stock, $1.00 par value, no shares issued
Additional paid-in-capital 62,974 62,707
Retained earnings 55,146 53,297
Accumulated other comprehensive income 3,891 4,893
Total stockholders’ equity 122,678 121,560
Total liabilities and stockholders’ equity 160,206 156,753
Common Stock    
Stockholders’ equity    
Common stock, $0.05 par value; issued and outstanding 11,241 shares on August 28, 2021 and 11,160 shares on May 29, 2021 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097 shares on August 28, 2021 and May 29, 2021 562 558
Common Class B    
Stockholders’ equity    
Common stock, $0.05 par value; issued and outstanding 11,241 shares on August 28, 2021 and 11,160 shares on May 29, 2021 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097 shares on August 28, 2021 and May 29, 2021 $ 105 $ 105