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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
May 27, 2023
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
13.
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (in thousands, except per share amounts):

 

Description

 

First
Quarter

 

 

Second
Quarter

 

 

Third
Quarter

 

 

Fourth
Quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

67,557

 

 

$

65,905

 

 

$

70,364

 

 

$

58,832

 

 

Gross profit

 

 

23,027

 

 

 

21,851

 

 

 

22,405

 

 

 

16,406

 

 

Net income

 

 

6,324

 

 

 

5,549

 

 

 

6,340

 

 

 

4,120

 

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock - basic

 

$

0.47

 

 

$

0.40

 

 

$

0.46

 

 

$

0.29

 

 

Class B common stock - basic

 

 

0.42

 

 

 

0.36

 

 

 

0.41

 

 

 

0.27

 

 

Common stock - diluted

 

 

0.45

 

 

 

0.39

 

 

 

0.44

 

 

 

0.27

 

 

Class B common stock - diluted

 

 

0.40

 

 

 

0.35

 

 

 

0.40

 

 

 

0.25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

53,704

 

 

$

53,979

 

 

$

55,308

 

 

$

61,629

 

 

Gross profit

 

 

16,297

 

 

 

17,657

 

 

 

17,569

 

 

 

20,177

 

 

Net income

 

 

2,635

 

 

 

4,122

 

 

 

2,887

 

 

 

8,283

 

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock - basic

 

$

0.20

 

 

$

0.31

 

 

$

0.22

 

 

$

0.62

 

 

Class B common stock - basic

 

 

0.18

 

 

 

0.28

 

 

 

0.19

 

 

 

0.55

 

 

Common stock - diluted

 

 

0.20

 

 

 

0.30

 

 

 

0.21

 

 

 

0.59

 

 

Class B common stock - diluted

 

 

0.18

 

 

 

0.27

 

 

 

0.19

 

 

 

0.54