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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 27, 2022
May 30, 2021
Current Assets:    
Cash and cash equivalents $ 1,854 $ 1,159
Accounts receivable, less allowance for credit losses 49,559 41,430
Inventories 73,700 63,076
Prepaid expenses and other current assets 6,924 5,038
Current assets, discontinued operations 0 37,618
Total Current Assets 132,037 148,321
Property and equipment, net 123,209 112,770
Operating lease right-of-use assets 8,796 7,480
Goodwill 33,916 33,916
Trademarks/tradenames, net 17,100 17,100
Customer relationships, net 7,476 8,532
Other assets 3,048 3,531
Other assets, discontinued operations 0 171,274
Total Assets 325,582 502,924
Current Liabilities:    
Accounts payable 20,014 16,298
Accrued compensation 9,757 7,754
Other accrued liabilities 13,735 3,955
Current portion of lease liabilities 5,045 1,465
Deferred revenue 1,614 637
Line of credit 39,900 29,000
Current liabilities, discontinued operations 0 42,779
Total Current Liabilities 90,065 101,888
Long-term debt, net 79,598 164,902
Long-term lease liabilities 10,342 9,581
Deferred taxes, net 961 6,140
Other non-current liabilities 544 2,870
Non-current liabilities, discontinued operations 0 14,759
Total Liabilities 181,510 300,140
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 29,482 and 29,333 shares issued and outstanding at February 27, 2022 and May 30, 2021, respectively 29 29
Additional paid-in capital 166,943 165,533
Retained earnings (accumulated deficit) (22,188) 38,580
Accumulated other comprehensive loss (712) (1,358)
Total Stockholders’ Equity 144,072 202,784
Total Liabilities and Stockholders’ Equity $ 325,582 $ 502,924