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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 29, 2022
May 30, 2021
Current Assets:    
Cash and cash equivalents $ 1,643 $ 1,159
Accounts receivable, less allowance for credit losses 48,172 41,430
Inventories 66,845 63,076
Prepaid expenses and other current assets 7,052 5,038
Current assets, discontinued operations 0 37,618
Total Current Assets 123,712 148,321
Property and equipment, net 118,531 120,286
Operating lease right-of-use assets 8,580 17,098
Goodwill 13,881 33,916
Trademarks/tradenames, net 8,700 17,100
Customer relationships, net 1,400 8,532
Other assets 3,002 3,531
Other assets, discontinued operations 0 154,140
Total Assets 277,806 502,924
Current Liabilities:    
Accounts payable 15,802 16,298
Accrued compensation 9,238 7,754
Other accrued liabilities 7,647 3,955
Current portion of lease liabilities 5,026 1,600
Deferred revenue 919 637
Line of credit 40,000 29,000
Current portion of long-term debt, net 98,178 0
Current liabilities, discontinued operations 0 42,644
Total Current Liabilities 176,810 101,888
Long-term debt, net 0 164,902
Long-term lease liabilities 9,983 20,359
Net deferred tax liabilities 126 6,140
Other non-current liabilities 190 2,870
Non-current liabilities, discontinued operations 0 3,981
Total Liabilities 187,109 300,140
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 29,513 and 29,333 shares issued and outstanding at May 29, 2022 and May 30, 2021, respectively 30 29
Additional paid-in capital 167,352 165,533
Retained earnings (accumulated deficit) (76,099) 38,580
Accumulated other comprehensive loss (586) (1,358)
Total Stockholders’ Equity 90,697 202,784
Total Liabilities and Stockholders’ Equity $ 277,806 $ 502,924