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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Nov. 23, 2024
Nov. 25, 2023
Cash flows from operating activities:    
Net (loss) income $ (74,422) $ 8,012
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization expense 4,056 4,322
Stock-based compensation expense 3,509 3,068
Goodwill impairment 83,337 0
(Gain) loss on sale of assets (3,351) 284
Adjustment to allowances 704 245
Deferred income taxes (8,026) 528
Other, net 89 195
Changes in operating assets and liabilities, net of acquisition:    
Trade accounts receivable 1,805 8,271
Prepaid expenses and other current assets (1,545) (2,316)
Income taxes (744) (3,475)
Other assets (3,725) (5,822)
Accounts payable and other accrued expenses (1,718) 2,614
Accrued salaries and related obligations 739 (17,188)
Other liabilities 782 (494)
Net cash provided by (used in) operating activities 1,490 (1,756)
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
Acquisition of CloudGo, net of cash acquired 0 (7,215)
Investments in property and equipment and internal-use software (2,004) (885)
Net cash used in investing activities (12,662) (8,100)
Cash flows from financing activities:    
Proceeds from exercise of stock options 0 395
Proceeds from issuance of common stock under Employee Stock Purchase Plan 2,010 2,774
Repurchase of common stock (10,002) (5,000)
Payment of cash dividends (9,382) (9,401)
Net cash used in financing activities (17,374) (11,232)
Effect of exchange rate changes on cash and cash equivalents (2,149) 77
Net decrease in cash and cash equivalents (30,695) (21,011)
Cash and cash equivalents at beginning of period 108,892 116,784
Cash and cash equivalents at end of period 78,197 95,773
Supplemental cash flow disclosures    
Income taxes paid, net 1,791 8,452
Interest paid 179 176
Non-cash investing and financing activities    
Capitalized leasehold improvements paid directly by the landlord 1,095 0
Acquisition of CloudGo: Liability for contingent consideration 0 4,500
Dividends declared, not paid $ 4,633 $ 4,672