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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Feb. 24, 2019
Feb. 25, 2018
Cash flows from operating activities:    
Consolidated net income $ 672 $ 18,811
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,506 9,076
Stock-based compensation expense 2,482 3,212
Deferred taxes 540 (9,055)
Change in investment in non-public company, fair value (1,600) (2,200)
Change in contingent consideration liability (3,500) 0
Net (gain) loss on disposal of property and equipment (24) 93
Changes in current assets and current liabilities:    
Accounts receivable, net 315 (3,355)
Inventories (1,024) (3,459)
Prepaid expenses and other current assets 1,066 (3,876)
Accounts payable 11,912 11,575
Accrued compensation (3,061) (1,548)
Other accrued liabilities 755 (449)
Deferred revenue (1,590) 1,475
Net cash provided by operating activities 17,449 20,300
Cash flows from investing activities:    
Purchases of property and equipment (33,144) (20,735)
Acquisition of Yucatan Foods (Note 2), net of cash acquired (59,872) 0
Issuance of note receivable 0 (2,099)
Proceeds from collections of notes receivable 404 0
Proceeds from sales of fixed assets 239 88
Net cash used in investing activities (92,373) (22,746)
Cash flows from financing activities:    
Proceeds from sale of common stock 230 1
Taxes paid by Company for employee stock plans (342) (394)
Payments on long-term debt (2,564) (3,805)
Proceeds from lines of credit 34,000 18,000
Proceeds from debt 60,000 0
Payments on lines of credit (17,000) (9,000)
Payments for debt issuance costs (509) 0
Payments to non-controlling interest 0 (115)
Net cash provided by financing activities 73,815 4,687
Net increase (decrease) in cash, cash equivalents and restricted cash [1] (1,109) 2,241
Cash, cash equivalents and restricted cash, beginning of period [1] 3,216 5,734
Cash, cash equivalents and restricted cash, end of period [1] 2,107 7,975
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment on trade vendor credit $ 3,035 $ 2,178
[1] As a result of adopting ASU 2016-18, cash and cash equivalents at the beginning-of-period and end-of-period total amounts have been adjusted.