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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 25, 2019
May 26, 2018
May 27, 2017
Cash flows from operating activities:      
Net income $ 31,470 $ 18,826 $ 18,651
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8,478 6,389 3,452
Stock-based compensation expense 6,570 6,033 6,068
Contingent consideration adjustment (590)    
Loss on disposal of assets 126 14 19
Bad debt expense 1,540 826 458
Deferred income taxes 6,452 (5,035) 4,530
Changes in operating assets and liabilities, net of effects of business combinations:      
Trade accounts receivable (5,690) (19,373) (1,494)
Prepaid expenses and other current assets 109 (1,567) 374
Income taxes (4,324) 4,733 (6,232)
Other assets (1,147) (166) 253
Accounts payable and accrued expenses (1,469) 3,332 681
Accrued salaries and related obligations 547 4,173 (434)
Other liabilities 1,549 (2,815) 1,939
Net cash provided by operating activities 43,621 15,370 28,265
Cash flows from investing activities:      
Redemption of short-term investments     24,957
Purchase of short-term investments (5,981)    
Proceeds from sale of property and equipment   4 233
Acquisition of Accretive   (20,047)  
Acquisition of taskforce, net of cash acquired   (3,410)  
Purchase of property and equipment (6,896) (2,213) (4,781)
Net cash (used in) provided by investing activities (12,877) (25,666) 20,409
Cash flows from financing activities:      
Proceeds from exercise of stock options 19,809 6,489 3,864
Proceeds from issuance of common stock under Employee Stock Purchase Plan 4,499 3,949 4,493
Purchase of common stock (29,891) (5,116) (118,886)
Payment of contingent consideration (1,860) (2,579)  
Proceeds from Revolving Credit Facility   15,000 58,000
Repayment on Revolving Credit Facility (20,000)   (10,000)
Debt issuance costs     (190)
Cash dividends paid (16,158) (14,269) (14,157)
Net cash (used in) provided by financing activities (43,601) 3,474 (76,876)
Effect of exchange rate changes on cash (568) 963 (558)
Net decrease in cash (13,425) (5,859) (28,760)
Cash and cash equivalents at beginning of period 56,470 62,329 91,089
Cash and cash equivalents at end of period $ 43,045 $ 56,470 $ 62,329