XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Nov. 26, 2017
Nov. 27, 2016
Nov. 26, 2017
Nov. 27, 2016
Product sales $ 136,457 $ 135,865 $ 259,814 $ 268,259
Cost of product sales 120,705 116,912 224,776 228,162
Gross profit 15,752 18,953 35,038 40,097
Operating expenses:        
Research and development 3,372 1,965 6,091 3,903
Selling, general and administrative 12,934 13,724 26,979 27,460
Total operating costs and expenses 16,306 15,689 33,070 31,363
Operating (loss) income (554) 3,264 1,968 8,734
Dividend income 412 412 825 825
Interest income 42 4 74 7
Interest expense (480) (380) (884) (1,032)
Loss on debt refinancing (1,233) (1,233)
Other income 1,300 2,200
Net income before taxes 720 2,067 4,183 7,301
Income tax expense (207) (693) (1,458) (2,582)
Consolidated net income 513 1,374 2,725 4,719
Non-controlling interest expense (26) (48) (92) (81)
Net income applicable to common stockholders $ 487 $ 1,326 $ 2,633 $ 4,638
Basic net income per share (in dollars per share) $ 0.02 $ 0.05 $ 0.10 $ 0.17
Diluted net income per share (in dollars per share) $ 0.02 $ 0.05 $ 0.09 $ 0.17
Shares used in per share computation        
Basic (in shares) 27,518 27,249 27,512 27,234
Diluted (in shares) 27,875 27,618 27,866 27,572
Other comprehensive income, net of tax:        
Change in net unrealized gains on interest rate swap (net of tax effect of $140, $192, $85, and $192) $ 239 $ 327 $ 136 $ 327
Other comprehensive income, net of tax 239 327 136 327
Total comprehensive income $ 726 $ 1,653 $ 2,769 $ 4,965