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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Cash flows from operating activities:    
Net (loss) income $ (118,474) $ 10,562
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization expense 6,536 6,480
Stock-based compensation expense 5,417 4,249
Goodwill impairment 125,376 0
(Gain) loss on sale of assets (3,230) 333
Adjustment to allowances 944 128
Deferred income taxes (14,114) 1,282
Other, net 133 474
Changes in operating assets and liabilities, net of acquisition:    
Trade accounts receivable 7,420 26,104
Prepaid expenses and other current assets (5,795) (2,298)
Income taxes (1,553) (3,577)
Other assets (1,309) (8,147)
Accounts payable and other accrued expenses (2,038) 2,468
Accrued salaries and related obligations 1,242 (18,006)
Other liabilities 1,594 (1,298)
Net cash provided by operating activities 2,149 18,754
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 (7,411)
Investments in property and equipment and internal-use software (2,425) (1,021)
Net cash used in investing activities (13,083) (8,432)
Cash flows from financing activities:    
Proceeds from exercise of stock options 0 465
Proceeds from issuance of common stock under Employee Stock Purchase Plan 3,914 5,651
Repurchase of common stock (13,014) (5,000)
Payment of cash dividends (14,014) (14,093)
Net cash used in financing activities (23,114) (12,977)
Effect of exchange rate changes on cash and cash equivalents (2,349) (293)
Net decrease in cash and cash equivalents (36,397) (2,948)
Cash and cash equivalents at beginning of period 108,892 116,784
Cash and cash equivalents at end of period 72,495 113,836
Supplemental cash flow disclosures    
Income taxes paid, net 3,057 9,834
Interest paid 267 264
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 $ 4,631 $ 4,732