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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 28, 2021
Aug. 29, 2020
Operating activities:    
Net income (loss) $ 2,635 $ (1,147)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 829 873
Inventory provisions 83 237
Share-based compensation expense 219 201
Deferred income taxes 35 2
Change in assets and liabilities:    
Accounts receivable (5,008) (854)
Inventories (4,957) (1,621)
Prepaid expenses and other assets (62) 109
Accounts payable 607 (2,734)
Accrued liabilities 480 1,779
Other 266 (202)
Net cash used in operating activities (4,873) (3,357)
Investing activities:    
Capital expenditures (837) (718)
Proceeds from maturity of investments   16,000
Purchases of investments   (9,000)
Net cash (used in) provided by investing activities (837) 6,282
Financing activities:    
Proceeds from issuance of common stock 52  
Cash dividends paid (786) (780)
Payment of financing lease principal (45) (45)
Net cash used in financing activities (779) (825)
Effect of exchange rate changes on cash and cash equivalents (409) 860
(Decrease) increase in cash and cash equivalents (6,898) 2,960
Cash and cash equivalents at beginning of period 43,316 30,535
Cash and cash equivalents at end of period $ 36,418 $ 33,495