Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
| Richardson Electronics, Ltd. | ||||||
| Consolidated Balance Sheets | ||||||
| (in thousands, except per share amounts) | ||||||
| Unaudited | Audited | |||||
| August 31, 2019 | June 1, 2019 | |||||
| Assets | ||||||
| Current assets: | ||||||
| Cash and cash equivalents | $ | 46,457 | $ | 42,019 | ||
| Accounts receivable, less allowance of $296 and $339, respectively | 21,946 | 24,296 | ||||
| Inventories, net | 54,137 | 53,232 | ||||
| Prepaid expenses and other assets | 2,424 | 3,067 | ||||
| Investments - current | — | 8,000 | ||||
| Total current assets | 124,964 | 130,614 | ||||
| Non-current assets: | ||||||
| Property, plant and equipment, net | 18,640 | 19,111 | ||||
| Intangible assets, net | 2,696 | 2,763 | ||||
| Lease ROU asset | 4,107 | — | ||||
| Non-current deferred income taxes | 579 | 529 | ||||
| Total non-current assets | 26,022 | 22,403 | ||||
| Total assets | $ | 150,986 | $ | 153,017 | ||
| Liabilities and Stockholders ’ Equity | ||||||
| Current liabilities: | ||||||
| Accounts payable | $ | 12,906 | $ | 16,943 | ||
| Accrued liabilities | 10,338 | 11,273 | ||||
| Lease liability current | 1,541 | — | ||||
| Total current liabilities | 24,785 | 28,216 | ||||
| Non-current liabilities: | ||||||
| Non-current deferred income tax liabilities | 216 | 212 | ||||
| Lease liability non-current | 2,678 | — | ||||
| Other non-current liabilities | 692 | 832 | ||||
| Total non-current liabilities | 3,586 | 1,044 | ||||
| Total liabilities | 28,371 | 29,260 | ||||
| Stockholders ’ equity | ||||||
| Common stock, $0.05 par value; issued and outstanding 11,029 shares at | ||||||
| August 31, 2019 and 10,957 shares at June 1, 2019 | 551 | 547 | ||||
| Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097 | ||||||
| shares at August 31, 2019 and June 1, 2019 | 105 | 105 | ||||
| Preferred stock, $1.00 par value, no shares issued | — | — | ||||
| Additional paid-in-capital | 61,200 | 61,012 | ||||
| Common stock in treasury, at cost, no shares at August 31, 2019 and June 1, 2019 | — | — | ||||
| Retained earnings | 59,085 | 59,703 | ||||
| Accumulated other comprehensive income | 1,674 | 2,390 | ||||
| Total stockholders ’ equity | 122,615 | 123,757 | ||||
| Total liabilities and stockholders ’ equity | $ | 150,986 | $ | 153,017 | ||
