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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 03, 2017
May 31, 2017
Current Assets:    
Cash $ 12,635 $ 11,384
Accounts receivable 13,562 12,751
Inventories 11,399 12,233
Workers' compensation security deposit 371 371
Other current assets 1,156 563
Total Current Assets 39,123 37,302
Property, Plant and Equipment, at Cost:    
Land 2,486 2,965
Buildings and improvements 35,356 35,368
Machinery and equipment 16,864 16,364
Property, Plant and Equipment gross 54,706 54,697
Less accumulated depreciation 43,916 43,721
Net Property, Plant and Equipment 10,790 10,976
Other Assets 7,230 7,366
Total Assets 57,143 55,644
Current Liabilities:    
Accounts payable, trade 3,859 3,861
Accrued salaries and wages 3,002 3,530
Accrued volume rebates 2,643 1,986
Accrued warranty 4,088 4,757
Customer deposits 1,885 1,880
Other accrued liabilities 2,773 2,371
Total Current Liabilities 18,250 18,385
Long-Term Liabilities:    
Deferred compensation expense 4,807 4,848
Accrued warranty 2,800 2,800
Life insurance loans 4,312 4,312
Total Long-Term Liabilities 11,919 11,960
Commitments and Contingencies - See Note 7
Shareholders' Equity:    
Common stock, $.0277 par value, 15,000,000 shares authorized; issued 11,217,144 shares 312 312
Additional paid-in capital 5,239 5,171
Retained earnings 87,167 85,560
Treasury stock, at cost, 2,825,900 shares (65,744) (65,744)
Total Shareholders' Equity 26,974 25,299
Total Liabilities and Shareholders' Equity $ 57,143 $ 55,644