|
Richardson Electronics, Ltd.
Consolidated Statements of Comprehensive (Loss) Income (in thousands, except per share amounts) | |||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||
| June 1, 2024 |
May 27,
2023 | June 1, 2024 |
May 27,
2023 | ||||||||||||
| Net sales | $ | 47,374 | $ | 58,832 | $ | 196,460 | $ | 262,658 | |||||||
| Cost of sales, exclusive of depreciation and amortization | 32,650 | 42,426 | 136,494 | 178,969 | |||||||||||
| Gross profit | 14,724 | 16,406 | 59,966 | 83,689 | |||||||||||
| Selling, general and administrative expenses,
inclusive of depreciation and amortization | 14,838 | 15,009 | 59,548 | 58,713 | |||||||||||
| Loss (gain) on disposal of assets | — | 5 | 70 | (7 | ) | ||||||||||
| Operating (loss) income | (114 | ) | 1,392 | 348 | 24,983 | ||||||||||
| Other expense (income): | |||||||||||||||
| Investment/interest income | (60 | ) | (116 | ) | (284 | ) | (295 | ) | |||||||
| Foreign exchange loss (gain) | 89 | (27 | ) | 436 | 278 | ||||||||||
| Other, net | (4 | ) | (1 | ) | 39 | (30 | ) | ||||||||
| Total other expense (income) | 25 | (144 | ) | 191 | (47 | ) | |||||||||
| (Loss) income before income taxes | (139 | ) | 1,536 | 157 | 25,030 | ||||||||||
| Income tax (benefit) provision | (20 | ) | (2,584 | ) | 96 | 2,697 | |||||||||
| Net (loss) income | (119 | ) | 4,120 | 61 | 22,333 | ||||||||||
| Foreign currency translation (loss) gain, net of tax | (236 | ) | 525 | 149 | (185 | ) | |||||||||
| Comprehensive (loss) income | $ | (355 | ) | $ | 4,645 | $ | 210 | $ | 22,148 | ||||||
| Net (loss) income per share: | |||||||||||||||
| Common shares - Basic | $ | (0.01 | ) | $ | 0.29 | $ | 0.00 | $ | 1.62 | ||||||
| Class B common shares - Basic | (0.01 | ) | 0.27 | 0.00 | 1.46 | ||||||||||
| Common shares - Diluted | (0.01 | ) | 0.27 | 0.00 | 1.55 | ||||||||||
| Class B common shares - Diluted | (0.01 | ) | 0.25 | 0.00 | 1.40 | ||||||||||
| Weighted average number of shares: | |||||||||||||||
| Common shares - Basic | 12,233 | 12,092 | 12,214 | 11,943 | |||||||||||
| Class B common shares - Basic | 2,050 | 2,052 | 2,051 | 2,052 | |||||||||||
| Common shares - Diluted | 12,406 | 12,599 | 12,464 | 12,542 | |||||||||||
| Class B common shares - Diluted | 2,050 | 2,052 | 2,051 | 2,052 | |||||||||||
