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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 28, 2022
May 29, 2021
May 30, 2020
Operating activities:      
Net income (loss) $ 17,927 $ 1,655 $ (1,838)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization 3,423 3,424 3,386
Inventory provisions 462 1,041 1,013
Loss on disposal of assets 20 13 3
Share-based compensation expense 654 675 683
Deferred income taxes (4,042) (1) (7)
Change in assets and liabilities:      
Accounts receivable (6,183) (4,198) 3,895
Inventories (20,571) (4,861) (5,452)
Prepaid expenses and other assets (228) 103 620
Accounts payable 7,671 (565) 631
Accrued liabilities 2,420 3,572 (889)
Other 358 (26) (122)
Net cash provided by operating activities 1,911 832 1,923
Investing activities:      
Capital expenditures (3,120) (2,632) (1,776)
Proceeds from maturity of investments   25,000 21,000
Purchases of investments (5,000) (9,000) (29,000)
Net cash (used in) provided by investing activities (8,120) 13,368 (9,776)
Financing activities:      
Payment of financing lease principal (151) (181) (166)
Proceeds from issuance of common stock 2,992 289 59
Cash dividends paid on Common and Class B Common shares (3,193) (3,122) (3,101)
Net cash used in financing activities (352) (3,014) (3,208)
Effect of exchange rate changes on cash and cash equivalents (1,260) 1,595 (423)
(Decrease) increase in cash and cash equivalents (7,821) 12,781 (11,484)
Cash and cash equivalents at beginning of period 43,316 30,535 42,019
Cash and cash equivalents at end of period 35,495 43,316 30,535
Cash paid during the fiscal year for:      
Income taxes $ 1,484 $ 106 $ 1,018