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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 29, 2021
May 30, 2021
Current Assets:    
Cash and cash equivalents $ 1,447 $ 1,295
Accounts receivable, less allowance for credit losses 61,956 70,013
Inventories 69,415 69,663
Prepaid expenses and other current assets 9,591 7,350
Total Current Assets 142,409 148,321
Investment in non-public company, fair value 0 45,100
Property and equipment, net 180,460 179,559
Operating lease right-of-use assets 14,299 20,827
Goodwill 69,386 69,386
Trademarks/tradenames, net 25,328 25,328
Customer relationships, net 10,295 10,792
Other assets 3,442 3,611
Total Assets 445,619 502,924
Current Liabilities:    
Accounts payable 46,355 47,569
Accrued compensation 9,173 12,304
Other accrued liabilities 10,855 7,996
Current portion of lease liabilities 4,054 3,889
Deferred revenue 1,216 1,130
Line of credit 32,000 29,000
Total Current Liabilities 103,653 101,888
Long-term debt, net 123,833 164,902
Long-term lease liabilities 17,072 23,611
Deferred taxes, net 4,091 6,140
Other non-current liabilities 3,105 3,599
Total Liabilities 251,754 300,140
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 29,462 and 29,333 shares issued and outstanding at August 29, 2021 and May 30, 2021, respectively 29 29
Additional paid-in capital 165,725 165,533
Retained earnings 29,103 38,580
Accumulated other comprehensive loss (992) (1,358)
Total Stockholders’ Equity 193,865 202,784
Total Liabilities and Stockholders’ Equity $ 445,619 $ 502,924