| Richardson Electronics, Ltd. | ||||||||||||||||
| Consolidated Statements of Comprehensive Income (Loss) | ||||||||||||||||
| (in thousands, except per share amounts) | ||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||
| May 29, 2021 | May 30, 2020 | May 29, 2021 | May 30, 2020 | |||||||||||||
| Net sales | $ | 50,472 | $ | 37,362 | $ | 176,937 | $ | 155,898 | ||||||||
| Cost of sales | 34,115 | 25,990 | 118,112 | 106,225 | ||||||||||||
| Gross profit | 16,357 | 11,372 | 58,825 | 49,673 | ||||||||||||
| Selling, general and administrative expenses | 14,001 | 12,660 | 55,925 | 51,327 | ||||||||||||
| Loss on disposal of assets | 19 | 2 | 13 | 3 | ||||||||||||
| Operating income (loss) | 2,337 | (1,290 | ) | 2,887 | (1,657 | ) | ||||||||||
| Other expense (income): | ||||||||||||||||
| Investment/interest income | (28 | ) | (37 | ) | (76 | ) | (377 | ) | ||||||||
| Foreign exchange loss (gain) | 109 | (132 | ) | 759 | (15 | ) | ||||||||||
| Other, net | (43 | ) | (27 | ) | (104 | ) | (51 | ) | ||||||||
| Total other expense (income) | 38 | (196 | ) | 579 | (443 | ) | ||||||||||
| Income (loss) before income taxes | 2,299 | (1,094 | ) | 2,308 | (1,214 | ) | ||||||||||
| Income tax provision | 414 | 186 | 653 | 624 | ||||||||||||
| Net income (loss) | 1,885 | (1,280 | ) | 1,655 | (1,838 | ) | ||||||||||
| Foreign currency translation gain (loss), net of tax | 437 | (346 | ) | 3,403 | (900 | ) | ||||||||||
| Comprehensive income (loss) | $ | 2,322 | $ | (1,626 | ) | $ | 5,058 | $ | (2,738 | ) | ||||||
| Net income (loss) per share: | ||||||||||||||||
| Common shares - Basic | $ | 0.14 | $ | (0.10 | ) | $ | 0.13 | $ | (0.14 | ) | ||||||
| Class B common shares - Basic | $ | 0.13 | $ | (0.09 | ) | $ | 0.11 | $ | (0.13 | ) | ||||||
| Common shares - Diluted | $ | 0.14 | $ | (0.10 | ) | $ | 0.13 | $ | (0.14 | ) | ||||||
| Class B common shares - Diluted | $ | 0.13 | $ | (0.09 | ) | $ | 0.11 | $ | (0.13 | ) | ||||||
| Weighted average number of shares: | ||||||||||||||||
| Common shares - Basic | 11,130 | 11,038 | 11,105 | 11,026 | ||||||||||||
| Class B common shares - Basic | 2,097 | 2,097 | 2,097 | 2,097 | ||||||||||||
| Common shares - Diluted | 11,352 | 11,038 | 11,164 | 11,026 | ||||||||||||
| Class B common shares - Diluted | 2,097 | 2,097 | 2,097 | 2,097 | ||||||||||||
| Dividends per common share | $ | 0.060 | $ | 0.060 | $ | 0.240 | $ | 0.240 | ||||||||
| Dividends per Class B common share | $ | 0.054 | $ | 0.054 | $ | 0.220 | $ | 0.220 | ||||||||
Richardson Electronics Reports Fourth Quarter Fiscal 2021 Net Income of $1.9 Million; Fiscal 2021 Net Income of $1.7 Million and Non-GAAP Net Income* of $3.3 Million; Declares Quarterly Cash Dividend
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