| Richardson Electronics, Ltd. | |||||||||||||||||||
| Unaudited Consolidated Statements of Comprehensive Income (Loss) | |||||||||||||||||||
| (in thousands, except per share amounts) | |||||||||||||||||||
| Three Months Ended | |||||||||||||||||||
|
September 2,
2017 |
August 27,
2016 | ||||||||||||||||||
| Statements of Comprehensive Income (Loss) | |||||||||||||||||||
| Net sales | $ | 36,995 | $ | 33,373 | |||||||||||||||
| Cost of sales | 24,847 | 23,133 | |||||||||||||||||
| Gross profit | 12,148 | 10,240 | |||||||||||||||||
| Selling, general, and administrative expenses | 12,324 | 12,327 | |||||||||||||||||
| Gain on disposal of assets | (191 | ) | — | ||||||||||||||||
| Operating income (loss) | 15 | (2,087 | ) | ||||||||||||||||
| Other (income) expense: | |||||||||||||||||||
| Investment/interest income | (134 | ) | (11 | ) | |||||||||||||||
| Foreign exchange loss | 201 | 278 | |||||||||||||||||
| Other, net | (4 | ) | (1 | ) | |||||||||||||||
| Total other expense | 63 | 266 | |||||||||||||||||
| Loss before income taxes | (48 | ) | (2,353 | ) | |||||||||||||||
| Income tax provision | 64 | 497 | |||||||||||||||||
| Net loss | (112 | ) | (2,850 | ) | |||||||||||||||
| Foreign currency translation gain, net of tax | 2,121 | 379 | |||||||||||||||||
| Fair value adjustments on investments (loss) gain | (14 | ) | 7 | ||||||||||||||||
| Comprehensive income (loss) | $ | 1,995 | $ | (2,464 | ) | ||||||||||||||
| Loss per share: | |||||||||||||||||||
| Common shares - Basic | $ | (0.01 | ) | $ | (0.23 | ) | |||||||||||||
| Class B common shares - Basic | $ | (0.01 | ) | $ | (0.20 | ) | |||||||||||||
| Common shares - Diluted | $ | (0.01 | ) | $ | (0.23 | ) | |||||||||||||
| Class B common shares - Diluted | $ | (0.01 | ) | $ | (0.20 | ) | |||||||||||||
| Weighted average number of shares: | |||||||||||||||||||
| Common shares - Basic | 10,712 | 10,703 | |||||||||||||||||
| Class B common shares - Basic | 2,137 | 2,141 | |||||||||||||||||
| Common shares - Diluted | 10,712 | 10,703 | |||||||||||||||||
| Class B common shares - Diluted | 2,137 | 2,141 | |||||||||||||||||
| Dividends per common share | $ | 0.060 | $ | 0.060 | |||||||||||||||
| Dividends per Class B common share | $ | 0.054 | $ | 0.054 | |||||||||||||||
Richardson Electronics Reports First Quarter Fiscal 2018 Results and Declares Quarterly Cash Dividend
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