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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Feb. 23, 2020
Feb. 24, 2019
Cash flows from operating activities:    
Consolidated net (loss) income $ (23,042) $ 672
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, amortization of intangibles and amortization of debt costs 13,800 10,506
Stock-based compensation expense 1,881 2,482
Deferred taxes (7,881) 540
Change in investment in non-public company, fair value (200) (1,600)
Change in contingent consideration liability (500) (3,500)
Net loss (gain) on disposal of property and equipment 135 (24)
Pacific Harvest note receivable reserve 1,202 0
Non-cash restructuring and impairment of assets charges 11,518 0
Other, net 139 0
Changes in current assets and current liabilities:    
Accounts receivable, net (198) 315
Inventories (12,927) (1,024)
Prepaid expenses and other current assets 551 1,066
Accounts payable 11,791 11,912
Accrued compensation (2,230) (3,061)
Other accrued liabilities 1,504 755
Deferred revenue 119 (1,590)
Net cash (used in) provided by operating activities (4,338) 17,449
Cash flows from investing activities:    
Purchases of property and equipment (22,118) (33,144)
Acquisition of Yucatan Foods (Note 2), net of cash acquired 0 (59,872)
Proceeds from collections of notes receivable 364 404
Proceeds from sales of fixed assets 2,432 239
Net cash used in investing activities (19,322) (92,373)
Cash flows from financing activities:    
Proceeds from sale of common stock 30 230
Taxes paid by Company for employee stock plans (175) (342)
Proceeds from debt 27,500 60,000
Payments on long-term debt (8,094) (2,564)
Proceeds from lines of credit 84,400 34,000
Payments on lines of credit (77,900) (17,000)
Payments for debt issuance costs (766) (509)
Net cash provided by financing activities 24,995 73,815
Net increase (decrease) in cash, cash equivalents and restricted cash 1,335 (1,109)
Cash, cash equivalents and restricted cash, beginning of period 1,465 3,216
Cash, cash equivalents and restricted cash, end of period 2,800 2,107
Supplemental disclosure of non-cash investing activities:    
Purchases of property and equipment on trade vendor credit 1,793 3,035
Pacific Harvest note receivable reserve $ 1,202 $ 0