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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 29, 2021
May 30, 2020
Jun. 01, 2019
Operating activities:      
Net income (loss) $ 1,655 $ (1,838) $ (7,328)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:      
Depreciation and amortization 3,424 3,386 3,173
Inventory provisions 1,041 1,013 1,076
Loss on disposal of assets 13 3 23
Share-based compensation expense 675 683 697
Deferred income taxes (1) (7) 315
Impairment of goodwill     6,332
Change in assets and liabilities:      
Accounts receivable (4,198) 3,895 (2,030)
Inventories (4,861) (5,452) (4,242)
Prepaid expenses and other assets 103 620 622
Accounts payable (565) 631 (2,424)
Accrued liabilities 3,572 (889) 1,097
Other (26) (122) 126
Net cash provided by (used in) operating activities 832 1,923 (2,563)
Investing activities:      
Capital expenditures (2,632) (1,776) (3,874)
Proceeds from maturity of investments 25,000 21,000 9,800
Purchases of investments (9,000) (29,000) (17,800)
Net cash provided by (used in) investing activities 13,368 (9,776) (11,874)
Financing activities:      
Payment of financing lease principal (181) (166)  
Proceeds from issuance of common stock 289 59 259
Cash dividends paid on Common and Class B Common shares (3,122) (3,101) (3,076)
Net cash used in financing activities (3,014) (3,208) (2,817)
Effect of exchange rate changes on cash and cash equivalents 1,595 (423) (1,192)
Increase (decrease) in cash and cash equivalents 12,781 (11,484) (18,446)
Cash and cash equivalents at beginning of period 30,535 42,019 60,465
Cash and cash equivalents at end of period 43,316 30,535 42,019
Cash paid during the fiscal year for:      
Income taxes $ 106 $ 1,018 $ 290