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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Nov. 29, 2024
Nov. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ (368) $ 10,763
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock-based compensation expense 1,945 1,160
Depreciation and amortization 953 283
Deferred income taxes (90) 0
Amortization of operating lease right-of-use assets 506 337
Accretion of investment discount 0 (130)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable 3,718 12,037
Inventories (3,638) (9,996)
Prepaid expenses and other current assets (2,940) (2,245)
Accounts payable (1,880) (5,099)
Accrued expenses 5 (974)
Deferred revenue (1,209) (2,703)
Operating lease liabilities (478) (89)
Income taxes payable (17) 12
Net cash provided by (used in) operating activities (3,493) 3,356
Cash flows from investing activities:    
Purchases of property and equipment (518) (440)
Proceeds from maturities of investments 0 18,000
Payments for business acquisition, net of cash and cash equivalent acquired (10,615) 0
Net cash provided by (used in) investing activities (11,133) 17,560
Cash flows from financing activities:    
Proceeds from issuance of common stock under employee plans 831 1,092
Shares repurchased for tax withholdings on vesting of restricted stock units (343) (1,460)
Proceeds from issuance of common stock from public offering, net of issuance costs 0 (72)
Net cash provided by (used in) financing activities 488 (440)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) (16)
Net increase (decrease) in cash, cash equivalents and restricted cash (14,141) 20,460
Cash, cash equivalents and restricted cash, beginning of period (1) 49,309 30,204
Cash, cash equivalents and restricted cash, end of period (1) $ 35,168 $ 50,664