XML 29 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
May 25, 2025
May 26, 2024
Cash flows from operating activities:    
Net (loss) income $ (38,717) $ 12,013
Adjustments to reconcile net income or loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 8,027 7,954
Stock-based compensation 10,158 6,201
Non-cash interest expense 20,247 15,442
Change in debt derivative liability, related party (409) (39,500)
Loss on sale or disposal of assets 7,776 18
Gain on settlement of lease liability (2,642) 0
Other, net 49 1,828
Changes in operating assets and liabilities:    
Accounts receivable (2,262) (3,263)
Contract assets (2,910) 871
Inventories 7,688 862
Other assets 378 2,854
Accounts payable (1,670) (6,676)
Accrued expenses and other liabilities (5,919) 1,653
Net cash (used in) provided by operating activities (206) 257
Cash flows from investing activities:    
Purchases of property, plant, and equipment (13,415) (18,395)
Proceeds from sale of equipment 7,000 0
Net cash used in investing activities (6,415) (18,395)
Cash flows from financing activities:    
Issuance of common stock, net of fees 23,850 0
Payments on revolving credit facility (145,758) (146,704)
Proceeds from revolving credit facility 128,567 149,586
Payments of debt principal (930) (714)
Payments for debt issuance costs (435) (231)
Customer deposit 0 5,000
Proceeds from exercise of stock options 0 724
Proceeds from finance lease incentive 2,400 0
Payments related to employee stock plans (1,270) (152)
Net cash provided by financing activities 6,424 7,509
Net decrease in cash and cash equivalents (197) (10,629)
Cash and cash equivalents, beginning of period 8,462 19,091
Cash and cash equivalents, end of period $ 8,265 $ 8,462