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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Nov. 27, 2021
May 29, 2021
Current assets:    
Cash and cash equivalents $ 39,665 $ 43,316
Accounts receivable, less allowance of $259 and $202, respectively 27,489 25,096
Inventories, net 70,741 63,508
Prepaid expenses and other assets 3,380 2,385
Total current assets 141,275 134,305
Non-current assets:    
Property, plant and equipment, net 17,091 17,067
Intangible assets, net 2,139 2,270
Lease ROU asset 3,841 2,570
Non-current deferred income taxes 503 541
Total non-current assets 23,574 22,448
Total assets 164,849 156,753
Current liabilities:    
Accounts payable 18,871 16,979
Accrued liabilities 15,411 14,182
Lease liability current 1,252 1,066
Total current liabilities 35,534 32,227
Non-current liabilities:    
Non-current deferred income tax liabilities 235 242
Lease liability non-current 2,388 1,358
Other non-current liabilities 1,279 1,366
Total non-current liabilities 3,902 2,966
Total liabilities 39,436 35,193
Stockholders’ Equity    
Preferred stock, $1.00 par value, no shares issued
Additional paid-in-capital 63,794 62,707
Retained earnings 58,476 53,297
Accumulated other comprehensive income 2,471 4,893
Total stockholders’ equity 125,413 121,560
Total liabilities and stockholders’ equity 164,849 156,753
Common Stock    
Stockholders’ Equity    
Common stock, $0.05 par value; issued and outstanding 11,338 shares on November 27, 2021 and 11,160 shares on May 29, 2021 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097 shares on November 27, 2021 and May 29, 2021 567 558
Common Class B    
Stockholders’ Equity    
Common stock, $0.05 par value; issued and outstanding 11,338 shares on November 27, 2021 and 11,160 shares on May 29, 2021 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097 shares on November 27, 2021 and May 29, 2021 $ 105 $ 105