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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 30, 2021
May 31, 2020
Current Assets:    
Cash and cash equivalents $ 1,295 $ 360
Accounts receivable, less allowance for credit losses 70,013 76,206
Inventories 69,663 66,311
Prepaid expenses and other current assets 7,350 14,230
Total Current Assets 148,321 157,107
Investment in non-public company, fair value 45,100 56,900
Property and equipment, net 179,559 192,338
Operating lease right-of-use assets 20,827 25,321
Goodwill 69,386 69,386
Trademarks/tradenames, net 25,328 25,328
Customer relationships, net 10,792 12,777
Other assets 3,611 2,156
Total Assets 502,924 541,313
Current Liabilities:    
Accounts payable 47,569 51,647
Accrued compensation 12,304 9,034
Current portion of lease liabilities 3,889 4,423
Other accrued liabilities 7,996 9,978
Deferred revenue 1,130 352
Line of credit 29,000 77,400
Current portion of long-term debt, net 0 11,554
Total Current Liabilities 101,888 164,388
Long-term debt, net 164,902 101,363
Long-term lease liabilities 23,611 26,378
Net deferred tax liabilities 6,140 13,588
Other non-current liabilities 3,599 4,552
Total Liabilities 300,140 310,269
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 29,333 and 29,224 shares issued and outstanding at May 30, 2021 and May 31, 2020, respectively 29 29
Additional paid-in capital 165,533 162,578
Retained earnings 38,580 71,245
Accumulated other comprehensive loss (1,358) (2,808)
Total Stockholders’ Equity 202,784 231,044
Total Liabilities and Stockholders’ Equity $ 502,924 $ 541,313