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Richardson Electronics, Ltd.
Unaudited Consolidated Statements of Comprehensive (Loss) Income (in thousands, except per share amounts) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| November 30, 2024 | December 2, 2023 | November 30, 2024 | December 2, 2023 | |||||||||||||
| Net sales | $ | 49,491 | $ | 44,130 | $ | 103,216 | $ | 96,711 | ||||||||
| Cost of sales, exclusive of depreciation and amortization | 34,165 | 31,588 | 71,464 | 66,905 | ||||||||||||
| Gross profit | 15,326 | 12,542 | 31,752 | 29,806 | ||||||||||||
| Selling, general and administrative expenses, inclusive of depreciation and amortization | 15,995 | 14,488 | 32,107 | 30,280 | ||||||||||||
| (Gain) loss on disposal of assets | (2 | ) | 70 | (4 | ) | 70 | ||||||||||
| Operating loss | (667 | ) | (2,016 | ) | (351 | ) | (544 | ) | ||||||||
| Other expense (income): | ||||||||||||||||
| Interest income | (45 | ) | (86 | ) | (103 | ) | (157 | ) | ||||||||
| Foreign exchange loss | 437 | 343 | 160 | 246 | ||||||||||||
| Other, net | (4 | ) | 18 | (1 | ) | 50 | ||||||||||
| Total other expense | 388 | 275 | 56 | 139 | ||||||||||||
| Loss before income taxes | (1,055 | ) | (2,291 | ) | (407 | ) | (683 | ) | ||||||||
| Income tax benefit | (304 | ) | (494 | ) | (246 | ) | (113 | ) | ||||||||
| Net loss | (751 | ) | (1,797 | ) | (161 | ) | (570 | ) | ||||||||
| Foreign currency translation (loss) gain, net of tax | (1,748 | ) | 631 | (1,112 | ) | 590 | ||||||||||
| Comprehensive (loss) income | $ | (2,499 | ) | $ | (1,166 | ) | $ | (1,273 | ) | $ | 20 | |||||
| Net loss per share: | ||||||||||||||||
| Common shares - Basic | $ | (0.05 | ) | $ | (0.13 | ) | $ | (0.01 | ) | $ | (0.04 | ) | ||||
| Class B common shares - Basic | (0.05 | ) | (0.12 | ) | (0.01 | ) | (0.04 | ) | ||||||||
| Common shares - Diluted | (0.05 | ) | (0.13 | ) | (0.01 | ) | (0.04 | ) | ||||||||
| Class B common shares - Diluted | (0.05 | ) | (0.12 | ) | (0.01 | ) | (0.04 | ) | ||||||||
| Weighted average number of shares: | ||||||||||||||||
| Common shares – Basic | 12,315 | 12,226 | 12,258 | 12,198 | ||||||||||||
| Class B common shares – Basic | 2,049 | 2,052 | 2,049 | 2,052 | ||||||||||||
| Common shares – Diluted | 12,315 | 12,226 | 12,258 | 12,198 | ||||||||||||
| Class B common shares – Diluted | 2,049 | 2,052 | 2,049 | 2,052 | ||||||||||||
