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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Aug. 24, 2024
Aug. 26, 2023
Cash flows from operating activities:    
Net (loss) income $ (5,707) $ 3,117
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization expense 2,025 2,191
Stock-based compensation expense 1,561 2,552
Goodwill impairment 3,855 0
(Gain) loss on sale of assets (3,394) 12
Adjustment to allowances (60) 179
Deferred income taxes 438 (498)
Other, net 44 44
Changes in operating assets and liabilities, net of acquisition:    
Trade accounts receivable 4,278 5,730
Prepaid expenses and other current assets (193) (627)
Income taxes (951) 735
Other assets (1,879) (3,029)
Accounts payable and other accrued expenses (1,285) 1,166
Accrued salaries and related obligations 441 (13,949)
Other liabilities 518 163
Net cash used in operating activities (309) (2,214)
Cash flows from investing activities:    
Net proceeds from sale of assets 12,309 0
Acquisition of Reference Point, net of cash acquired (22,967) 0
Investments in property and equipment and internal-use software (266) (548)
Net cash used in investing activities (10,924) (548)
Cash flows from financing activities:    
Proceeds from exercise of stock options 0 350
Proceeds from issuance of common stock under Employee Stock Purchase Plan 2,010 2,774
Repurchase of common stock (5,000) 0
Payment of cash dividends (4,695) (4,681)
Net cash used in financing activities (7,685) (1,557)
Effect of exchange rate changes on cash and cash equivalents (349) 130
Net decrease in cash and cash equivalents (19,267) (4,189)
Cash and cash equivalents at beginning of period 108,892 116,784
Cash and cash equivalents at end of period 89,625 112,595
Supplemental cash flow disclosures    
Income taxes paid, net 1,343 1,620
Interest paid 88 88
Non-cash investing and financing activities    
Dividends declared, not paid $ 4,687 $ 4,720