XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Feb. 27, 2022
Feb. 28, 2021
Cash flows from operating activities:    
Net loss $ (60,768) $ (29,799)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Impairment of goodwill 32,057 0
Depreciation, amortization of intangibles, debt costs and right-of-use assets 14,488 14,808
Loss on disposal of property and equipment related to restructuring, net 5,185 7,881
Deferred taxes (5,471) (7,307)
Loss on sale of Eat Smart 4,354 0
Stock-based compensation expense 1,928 2,584
Provision (benefit) for expected credit losses (14) 284
Net loss on disposal of property and equipment held and used 25 39
Change in investment in non-public company, fair value 0 11,800
Loss on debt refinancing 0 1,110
Other, net (551) (12)
Changes in current assets and current liabilities:    
Accounts receivable, net (7,525) 6,345
Inventories (11,910) (10,468)
Prepaid expenses and other current assets (1,448) 350
Accounts payable 13,055 6,372
Accrued compensation (3,849) 2,184
Other accrued liabilities (4,195) 3,186
Deferred revenue 204 1,243
Net cash (used in) provided by operating activities (24,435) 10,600
Cash flows from investing activities:    
Proceeds from sale of Eat Smart 73,500 0
Sale of Investment in non-public company 45,100 0
Purchases of property and equipment (18,539) (11,383)
Proceeds from sales of property and equipment 1,096 12,885
Net cash provided by investing activities 101,157 1,502
Cash flows from financing activities:    
Proceeds from long-term debt 0 150,000
Payments on long-term debt (86,376) (114,095)
Proceeds from lines of credit 45,011 83,000
Payments on lines of credit (34,111) (119,400)
Taxes paid by Company for employee stock plans (518) (297)
Payments for debt issuance costs (169) (9,615)
Net cash used in financing activities (76,163) (10,407)
Net increase in cash, cash equivalents and restricted cash 559 1,695
Cash, cash equivalents and restricted cash, beginning of period 1,295 553
Cash, cash equivalents and restricted cash, end of period 1,854 2,248
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment on trade vendor credit $ 1,765 $ 1,124