Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
|
Richardson Electronics, Ltd.
| ||||||||
|
Audited Consolidated Balance Sheets
| ||||||||
|
(in thousands, except per share amounts)
| ||||||||
| May 27, 2017 | May 28, 2016 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 55,327 | $ | 60,454 | ||||
| Accounts receivable, less allowance of $398 and $364, respectively | 20,782 | 24,928 | ||||||
| Inventories, net | 42,749 | 45,422 | ||||||
| Prepaid expenses and other assets | 3,070 | 1,758 | ||||||
| Deferred income taxes | — | 1,078 | ||||||
| Income tax receivable | — | 17 | ||||||
| Investments - current | 6,429 | 2,268 | ||||||
| Total current assets | 128,357 | 135,925 | ||||||
| Non-current assets: | ||||||||
| Property, plant and equipment, net | 15,813 | 12,986 | ||||||
| Goodwill | 6,332 | 6,332 | ||||||
| Intangible assets, net | 3,441 | 3,818 | ||||||
| Non-current deferred income taxes | 1,102 | 1,270 | ||||||
| Investments - non-current | 2,419 | 7,799 | ||||||
| Total non-current assets | 29,107 | 32,205 | ||||||
| Total assets | $ | 157,464 | $ | 168,130 | ||||
| Liabilities and Stockholders’ Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 15,933 | $ | 14,896 | ||||
| Accrued liabilities | 8,311 | 9,135 | ||||||
| Total current liabilities | 24,244 | 24,031 | ||||||
| Non-current liabilities: | ||||||||
| Non-current deferred income tax liabilities | 158 | 1,457 | ||||||
| Other non-current liabilities | 735 | 967 | ||||||
| Total non-current liabilities | 893 | 2,424 | ||||||
| Total liabilities | 25,137 | 26,455 | ||||||
| Stockholders’ equity | ||||||||
| Common stock, $0.05 par value; issued and outstanding 10,712 shares at May 27, 2017, and 10,703 shares at May 28, 2016 | 535 | 535 | ||||||
| Class B common stock, convertible, $0.05 par value; issued and outstanding 2,137 shares at May 27, 2017, and 2,141 shares at May 28, 2016 | 107 | 107 | ||||||
| Preferred stock, $1.00 par value, no shares issued | — | — | ||||||
| Additional paid-in-capital | 59,436 | 58,969 | ||||||
| Common stock in treasury, at cost, no shares at May 27, 2017, and at May 28, 2016 | — | — | ||||||
| Retained earnings | 69,333 | 79,292 | ||||||
| Accumulated other comprehensive income | 2,916 | 2,772 | ||||||
| Total stockholders’ equity | 132,327 | 141,675 | ||||||
| Total liabilities and stockholders’ equity | $ | 157,464 | $ | 168,130 | ||||
