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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Nov. 29, 2024
May 31, 2024
Current assets:    
Cash and cash equivalents $ 32,217 $ 49,159
Accounts receivable 7,333 9,796
Inventories 43,776 37,470
Prepaid expenses and other current assets 5,195 1,423
Total current assets 88,521 97,848
Property and equipment, net 4,306 3,253
Goodwill 10,742 0
Intangible assets, net 11,512 0
Deferred tax assets, net 18,585 20,773
Operating lease right-of-use assets, net 6,038 5,734
Other non-current assets 2,576 304
Total assets 142,280 127,912
Current liabilities:    
Accounts payable 4,854 5,332
Accrued expenses 5,392 3,366
Operating lease liabilities, short-term 858 465
Deferred revenue, short-term 613 1,345
Total current liabilities 11,717 10,508
Operating lease liabilities, long-term 5,574 5,732
Deferred revenue, long-term 52 41
Other long-term liabilities 1,756 38
Total liabilities 19,099 16,319
Shareholders equity:    
Preferred stock, $0.01 par value: Authorized: 10,000 shares; Issued and outstanding: none 0 0
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 29,709 shares and 28,995 shares at November 29, 2024 and May 31, 2024, respectively 297 289
Additional paid-in-capital 142,593 130,612
Accumulated other comprehensive loss (191) (158)
Accumulated deficit (19,518) (19,150)
Total shareholders' equity 123,181 111,593
Total liabilities and shareholders equity $ 142,280 $ 127,912