| Richardson Electronics, Ltd. | ||||||||||||||||
| Unaudited Consolidated Statements of Cash Flows | ||||||||||||||||
| (in thousands) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| December 2, 2023 | November 26, 2022 | December 2, 2023 | November 26, 2022 | |||||||||||||
| Operating activities: | ||||||||||||||||
| Net (loss) income | $ | (1,797 | ) | $ | 5,549 | $ | (570 | ) | $ | 11,873 | ||||||
| Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities: | ||||||||||||||||
| Depreciation and amortization | 1,116 | 893 | 2,114 | 1,776 | ||||||||||||
| Inventory provisions | 192 | 124 | 277 | 195 | ||||||||||||
| Share-based compensation expense | 283 | 213 | 766 | 524 | ||||||||||||
| Loss (gain) on disposal of assets | 70 | (25 | ) | 70 | (25 | ) | ||||||||||
| Deferred income taxes | 51 | 27 | 46 | 28 | ||||||||||||
| Change in assets and liabilities: | ||||||||||||||||
| Accounts receivable | 1,790 | (2,009 | ) | 6,252 | (5,505 | ) | ||||||||||
| Inventories | (3,069 | ) | (7,658 | ) | (6,220 | ) | (18,126 | ) | ||||||||
| Prepaid expenses and other assets | (618 | ) | 774 | (209 | ) | (425 | ) | |||||||||
| Accounts payable | 1,233 | (699 | ) | (1,132 | ) | 796 | ||||||||||
| Accrued liabilities | 1,502 | (1,062 | ) | 378 | 1,147 | |||||||||||
| Other | 47 | (49 | ) | 43 | 589 | |||||||||||
| Net cash provided by (used in) operating activities | 800 | (3,922 | ) | 1,815 | (7,153 | ) | ||||||||||
| Investing activities: | ||||||||||||||||
| Capital expenditures | (1,515 | ) | (1,301 | ) | (2,656 | ) | (2,743 | ) | ||||||||
| Proceeds from sale of property, plant & equipment | — | 193 | — | 193 | ||||||||||||
| Net cash used in investing activities | (1,515 | ) | (1,108 | ) | (2,656 | ) | (2,550 | ) | ||||||||
| Financing activities: | ||||||||||||||||
| Proceeds from issuance of common stock | 15 | 1,517 | 342 | 2,902 | ||||||||||||
| Cash dividends paid on Common and Class B Common shares | (845 | ) | (831 | ) | (1,688 | ) | (1,650 | ) | ||||||||
| Other | — | — | (119 | ) | (69 | ) | ||||||||||
| Net cash (used in) provided by financing activities | (830 | ) | 686 | (1,465 | ) | 1,183 | ||||||||||
| Effect of exchange rate changes on cash and cash equivalents | 190 | (183 | ) | 94 | (869 | ) | ||||||||||
| Decrease in cash and cash equivalents | (1,355 | ) | (4,527 | ) | (2,212 | ) | (9,389 | ) | ||||||||
| Cash and cash equivalents at beginning of period | 24,124 | 30,633 | 24,981 | 35,495 | ||||||||||||
| Cash and cash equivalents at end of period | $ | 22,769 | $ | 26,106 | $ | 22,769 | $ | 26,106 | ||||||||
