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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Nov. 26, 2017
May 28, 2017
Current Assets:    
Cash and cash equivalents $ 4,369 $ 5,409
Accounts receivable, less allowance for doubtful accounts 56,356 47,083
Inventories 30,836 25,290
Prepaid expenses and other current assets 4,426 3,498
Total Current Assets 95,987 81,280
Investment in non-public company, fair value 65,800 63,600
Property and equipment, net 135,271 133,220
Goodwill 54,779 54,779
Trademarks/tradenames, net 16,028 16,028
Customer relationships, net 6,291 6,783
Other assets 5,152 2,918
Total Assets 379,308 358,608
Current Liabilities:    
Accounts payable 37,483 25,868
Accrued compensation 7,624 8,211
Other accrued liabilities 8,471 9,125
Deferred revenue 1,673 310
Line of credit 10,000 3,000
Current portion of long-term debt 4,940 4,940
Total Current Liabilities 70,191 51,454
Long-term debt 39,829 42,299
Capital lease obligation, less current portion 3,688 3,731
Deferred taxes, net 26,028 24,581
Other non-current liabilities 6,863 8,391
Total Liabilities 146,599 130,456
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 27,534 and 27,499 shares issued and outstanding at November 26, 2017 and May 28, 2017, respectively 28 27
Additional paid-in capital 143,490 141,680
Retained earnings 87,103 84,470
Accumulated other comprehensive income 568 432
Total Stockholders’ Equity 231,189 226,609
Non-controlling interest 1,520 1,543
Total Equity 232,709 228,152
Total Liabilities and Stockholders’ Equity $ 379,308 $ 358,608