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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Feb. 23, 2025
Feb. 25, 2024
Cash flows from operating activities:    
Net (loss) income $ (37,570) $ 19,096
Adjustments to reconcile net income or loss to net cash used in operating activities:    
Depreciation and amortization 6,113 5,940
Stock-based compensation 8,343 4,603
Change in debt derivative liability, related party (1,500) (41,900)
Loss on sale or disposal of assets 7,685 19
Other, net 193 1,706
Changes in operating assets and liabilities:    
Accounts receivable (602) (2,711)
Contract assets (2,081) 213
Inventories 5,384 1,171
Other assets (1,236) 1,984
Accounts payable (2,714) (4,617)
Accrued expenses and other liabilities (2,420) (4,183)
Net cash used in operating activities (5,553) (8,459)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (11,318) (15,682)
Proceeds from sale of equipment 7,000 0
Net cash used in investing activities (4,318) (15,682)
Cash flows from financing activities:    
Issuance of common stock, net of fees 23,858 0
Payments of debt principal (699) (482)
Payments for debt issuance costs (435) (124)
Proceeds from noncurrent customer deposit 0 5,000
Proceeds from exercise of stock options 0 724
Proceeds from finance lease incentive 2,400 0
(Repayments of) proceeds from revolving credit facility, net (17,191) 3,104
Payments related to employee stock plans (1,107) (99)
Net cash provided by financing activities 6,826 8,123
Net decrease in cash and cash equivalents (3,045) (16,018)
Cash and cash equivalents, beginning of period 8,462 19,091
Cash and cash equivalents, end of period 5,417 3,073
Related party    
Adjustments to reconcile net income or loss to net cash used in operating activities:    
Non-cash interest expense 13,448 9,408
Nonrelated party    
Adjustments to reconcile net income or loss to net cash used in operating activities:    
Non-cash interest expense $ 1,404 $ 812