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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Nov. 26, 2022
May 28, 2022
Current assets:    
Cash and cash equivalents $ 26,106 $ 35,495
Accounts receivable, less allowance of $192 and $186, respectively 34,880 29,878
Inventories, net 97,434 80,390
Prepaid expenses and other assets 2,521 2,448
Investments - current 5,000 5,000
Total current assets 165,941 153,211
Non-current assets:    
Property, plant and equipment, net 17,964 16,961
Intangible assets, net 2,025 2,010
Lease ROU asset 2,527 3,239
Other non-current assets 302  
Non-current deferred income taxes 4,342 4,398
Total non-current assets 27,160 26,608
Total assets 193,101 179,819
Current liabilities:    
Accounts payable 24,603 23,987
Accrued liabilities 17,074 16,110
Lease liability current 1,015 1,109
Total current liabilities 42,692 41,206
Non-current liabilities:    
Non-current deferred income tax liabilities 83 85
Lease liability non-current 1,512 1,915
Other non-current liabilities 726 766
Total non-current liabilities 2,321 2,766
Total liabilities 45,013 43,972
Stockholders’ Equity    
Preferred stock, $1.00 par value, no shares issued
Additional paid-in-capital 69,669 66,331
Retained earnings 78,254 68,031
Accumulated other comprehensive (loss) income (539) 800
Total stockholders’ equity 148,088 135,847
Total liabilities and stockholders’ equity 193,101 179,819
Common Stock    
Stockholders’ Equity    
Common stock, $0.05 par value; issued and outstanding 12,022 shares on November 26, 2022 and 11,649 shares on May 28, 2022 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,052 shares on November 26, 2022 and 2,053 shares on May 28, 2022 601 582
Common Class B    
Stockholders’ Equity    
Common stock, $0.05 par value; issued and outstanding 12,022 shares on November 26, 2022 and 11,649 shares on May 28, 2022 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,052 shares on November 26, 2022 and 2,053 shares on May 28, 2022 $ 103 $ 103