| Richardson Electronics, Ltd. | ||||||||||||||||
| Unaudited Consolidated Statements of Comprehensive Loss | ||||||||||||||||
| (in thousands, except per share amounts) | ||||||||||||||||
|
Three Months Ended
|
Nine Months Ended
| |||||||||||||||
|
February 25,
2017 |
February 27,
2016 |
February 25,
2017 |
February 27,
2016 | |||||||||||||
| Statements of Comprehensive Loss | ||||||||||||||||
| Net sales | $ | 32,313 | $ | 31,291 | $ | 99,513 | $ | 102,448 | ||||||||
| Cost of sales | 21,621 | 21,541 | 67,617 | 71,001 | ||||||||||||
| Gross profit | 10,692 | 9,750 | 31,896 | 31,447 | ||||||||||||
| Selling, general, and administrative expenses | 12,002 | 12,471 | 37,697 | 37,938 | ||||||||||||
| Gain on disposal of assets | — | — | — | (244 | ) | |||||||||||
| Operating loss | (1,310 | ) | (2,721 | ) | (5,801 | ) | (6,247 | ) | ||||||||
| Other (income) expense: | ||||||||||||||||
| Investment/interest income | (67 | ) | (131 | ) | (129 | ) | (433 | ) | ||||||||
| Foreign exchange loss | 214 | 265 | 311 | 108 | ||||||||||||
| Other, net | (16 | ) | (40 | ) | — | (53 | ) | |||||||||
| Total other (income) expense | 131 | 94 | 182 | (378 | ) | |||||||||||
| Loss before income taxes | (1,441 | ) | (2,815 | ) | (5,983 | ) | (5,869 | ) | ||||||||
| Income tax provision (benefit) | (10 | ) | 111 | 820 | 742 | |||||||||||
| Net loss | (1,431 | ) | (2,926 | ) | (6,803 | ) | (6,611 | ) | ||||||||
| Foreign currency translation gain (loss), net of tax | 508 | 240 | (1,736 | ) | (1,912 | ) | ||||||||||
| Fair value adjustments on investments gain (loss) | 27 | (47 | ) | 40 | (79 | ) | ||||||||||
| Comprehensive loss | $ | (896 | ) | $ | (2,733 | ) | $ | (8,499 | ) | $ | (8,602 | ) | ||||
| Loss per share: | ||||||||||||||||
| Common shares - Basic | $ | (0.11 | ) | $ | (0.23 | ) | $ | (0.54 | ) | $ | (0.51 | ) | ||||
| Class B common shares - Basic | $ | (0.10 | ) | $ | (0.21 | ) | $ | (0.48 | ) | $ | (0.46 | ) | ||||
| Common shares - Diluted | $ | (0.11 | ) | $ | (0.23 | ) | $ | (0.54 | ) | $ | (0.51 | ) | ||||
| Class B common shares - Diluted | $ | (0.10 | ) | $ | (0.21 | ) | $ | (0.48 | ) | $ | (0.46 | ) | ||||
| Weighted average number of shares: | ||||||||||||||||
| Common shares - Basic | 10,706 | 10,701 | 10,704 | 10,976 | ||||||||||||
| Class B common shares - Basic | 2,141 | 2,141 | 2,141 | 2,141 | ||||||||||||
| Common shares - Diluted | 10,706 | 10,701 | 10,704 | 10,976 | ||||||||||||
| Class B common shares - Diluted | 2,141 | 2,141 | 2,141 | 2,141 | ||||||||||||
| Dividends per common share | $ | 0.060 | $ | 0.060 | $ | 0.180 | $ | 0.180 | ||||||||
| Dividends per Class B common share | $ | 0.054 | $ | 0.054 | $ | 0.162 | $ | 0.162 | ||||||||
Richardson Electronics Reports Third Quarter Fiscal 2017 Results and Declares Quarterly Cash Dividend
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