XML 71 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 25, 2019
May 26, 2019
Current Assets:    
Cash and cash equivalents $ 1,990 $ 1,080
Accounts receivable, less allowance for doubtful accounts 61,402 69,565
Inventories 55,020 54,132
Prepaid expenses and other current assets 12,150 8,264
Total Current Assets 130,562 133,041
Investment in non-public company, fair value 61,100 61,100
Property and equipment, net 201,557 200,027
Operating leases 28,726  
Goodwill 76,742 76,742
Trademarks/tradenames, net 29,928 29,928
Customer relationships, net 14,807 15,319
Other assets 2,715 2,934
Total Assets 546,137 519,091
Current Liabilities:    
Accounts payable 46,162 53,973
Accrued compensation 7,399 10,687
Other accrued liabilities 8,790 10,001
Current portion of lease liabilities 3,601 75
Deferred revenue 488 499
Line of credit 70,600 52,000
Current portion of long-term debt, net 9,791 9,791
Other current liabilities, discontinued operations 0 65
Total Current Liabilities 146,831 137,091
Long-term debt, net 84,748 87,193
Long-term lease liabilities 30,026  
Long-term lease liabilities   3,532
Deferred taxes, net 17,686 19,393
Other non-current liabilities 1,899 1,738
Total Liabilities 281,190 248,947
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 29,146 and 29,102 shares issued and outstanding at August 25, 2019 and May 26, 2019, respectively 29 29
Additional paid-in capital 160,814 160,341
Retained earnings 104,652 109,710
Accumulated other comprehensive (loss) income (548) 64
Total Stockholders’ Equity 264,947 270,144
Total Liabilities and Stockholders’ Equity $ 546,137 $ 519,091