|
Richardson Electronics, Ltd.
Unaudited Consolidated Statements of Comprehensive Loss (in thousands, except per share amounts) | ||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||
|
February 29,
2020 |
March 2,
2019 |
February 29,
2020 |
March 2,
2019 | |||||||||||||
| Statements of Comprehensive Loss | ||||||||||||||||
| Net sales | $ | 38,249 | $ | 39,018 | $ | 118,536 | $ | 124,489 | ||||||||
| Cost of sales | 25,579 | 26,719 | 80,235 | 85,266 | ||||||||||||
| Gross profit | 12,670 | 12,299 | 38,301 | 39,223 | ||||||||||||
| Selling, general and administrative expenses | 12,659 | 13,097 | 38,667 | 39,621 | ||||||||||||
| Loss on disposal of assets | — | — | 1 | — | ||||||||||||
| Operating income (loss) | 11 | (798 | ) | (367 | ) | (398 | ) | |||||||||
| Other expense (income): | ||||||||||||||||
| Investment/interest income | (97 | ) | (155 | ) | (340 | ) | (402 | ) | ||||||||
| Foreign exchange loss | 28 | 130 | 117 | 205 | ||||||||||||
| Other, net | (8 | ) | — | (24 | ) | (4 | ) | |||||||||
| Total other income | (77 | ) | (25 | ) | (247 | ) | (201 | ) | ||||||||
| Income (loss) before income taxes | 88 | (773 | ) | (120 | ) | (197 | ) | |||||||||
| Income tax provision | 181 | 305 | 438 | 754 | ||||||||||||
| Net loss | (93 | ) | (1,078 | ) | (558 | ) | (951 | ) | ||||||||
| Foreign currency translation (loss) gain, net of tax | (60 | ) | 541 | (554 | ) | (1,240 | ) | |||||||||
| Comprehensive loss | $ | (153 | ) | $ | (537 | ) | $ | (1,112 | ) | $ | (2,191 | ) | ||||
| Net loss per share | ||||||||||||||||
| Common shares - Basic | $ | (0.01 | ) | $ | (0.08 | ) | $ | (0.04 | ) | $ | (0.07 | ) | ||||
| Class B common shares - Basic | $ | (0.01 | ) | $ | (0.08 | ) | $ | (0.04 | ) | $ | (0.07 | ) | ||||
| Common shares - Diluted | $ | (0.01 | ) | $ | (0.08 | ) | $ | (0.04 | ) | $ | (0.07 | ) | ||||
| Class B common shares - Diluted | $ | (0.01 | ) | $ | (0.08 | ) | $ | (0.04 | ) | $ | (0.07 | ) | ||||
| Weighted average number of shares: | ||||||||||||||||
| Common shares – Basic | 11,038 | 10,953 | 11,022 | 10,911 | ||||||||||||
| Class B common shares – Basic | 2,097 | 2,097 | 2,097 | 2,108 | ||||||||||||
| Common shares – Diluted | 11,038 | 10,953 | 11,022 | 10,911 | ||||||||||||
| Class B common shares – Diluted | 2,097 | 2,097 | 2,097 | 2,108 | ||||||||||||
| 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 | ||||||||
