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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 26, 2022
Feb. 27, 2021
Feb. 26, 2022
Feb. 27, 2021
Operating activities:        
Net income (loss) $ 2,887 $ 228 $ 9,644 $ (230)
Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities:        
Depreciation and amortization 872 849 2,560 2,595
Inventory provisions 88 265 228 717
Share-based compensation expense 142 150 514 529
Loss (gain) on disposal of assets   (6) 2 (6)
Deferred income taxes 26 3 38 (50)
Change in assets and liabilities:        
Accounts receivable (4,209) (837) (7,355) (1,004)
Inventories (3,113) 133 (12,295) (875)
Prepaid expenses and other assets (2) 428 (1,058) 156
Accounts payable 1,902 496 4,204 (2,027)
Accrued liabilities 563 873 2,075 4,285
Other (370) 216 (13) (222)
Net cash (used in) provided by operating activities (1,214) 2,798 (1,456) 3,868
Investing activities:        
Capital expenditures (554) (555) (2,161) (1,835)
Proceeds from maturity of investments       16,000
Purchases of investments       (9,000)
Net cash (used in) provided by investing activities (554) (555) (2,161) 5,165
Financing activities:        
Proceeds from issuance of common stock 1,906   2,630  
Cash dividends paid (806) (780) (2,384) (2,340)
Payment of financing lease principal (45) (45) (136) (136)
Net cash provided by (used in) financing activities 1,055 (825) 110 (2,476)
Effect of exchange rate changes on cash and cash equivalents 195 (34) (662) 1,315
(Decrease) increase in cash and cash equivalents (518) 1,384 (4,169) 7,872
Cash and cash equivalents at beginning of period 39,665 37,023 43,316 30,535
Cash and cash equivalents at end of period $ 39,147 $ 38,407 $ 39,147 $ 38,407