XML 29 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
9 Months Ended
Mar. 02, 2012
Mar. 04, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Cash received from customers $ 100,279,095 $ 96,722,788
Miscellaneous income 88,365 154,525
Cash paid to suppliers and employees (51,790,737) (46,703,613)
Cash paid for operating expenses (45,384,829) (43,830,642)
Income taxes paid (309,108) (1,462,631)
Interest expenses paid (218,876) (280,127)
Net cash provided by operating activities 2,663,910 4,600,300
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (3,423,624) (4,363,502)
Proceeds from sale of property, plant and equipment 231,177 77,535
Net cash used in investing activities (3,192,447) (4,285,967)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt proceeds 27,204,764 26,765,492
Debt repayments (27,285,054) (26,542,676)
Change in checks outstanding in excess of bank balances 463,130 (384,922)
Cash dividends paid (1,100,124) (1,100,799)
Purchases of treasury shares   (36,960)
Net cash used in financing activities (717,284) (1,299,865)
Net change in cash and cash equivalents (1,245,821) (985,532)
Cash and cash equivalents at beginning of period 2,721,638 1,443,801
Cash and cash equivalents at end of period 1,475,817 458,269
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES    
Net Income 1,744,616 2,036,775
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,463,063 2,353,905
Gain on sale of property and equipment (136,835) (59,942)
Changes in operating assets and liabilities:    
Change in receivables - net (626,475) (229,553)
Change in inventories (330,131) 129,651
Change in prepaid expenses (344,887) (614,308)
Change in other assets 92,600 132,152
Change in accounts payable (707,816) 1,423,859
Change in accrued expenses (166,587) (277,891)
Change in salary continuation (76,397) (70,869)
Change in accrued income taxes 752,759 (223,479)
Net cash provided by operating activities $ 2,663,910 $ 4,600,300