(in thousands, except per share amounts)
Three Months Ended | Six Months Ended | |||||||||||||||
November
27, 2021 |
November
28, 2020 |
November
27, 2021 |
November
28, 2020 | |||||||||||||
Net sales | $ | 53,979 | $ | 42,418 | $ | 107,683 | $ | 81,230 | ||||||||
Cost of sales | 36,322 | 28,075 | 73,729 | 54,528 | ||||||||||||
Gross profit | 17,657 | 14,343 | 33,954 | 26,702 | ||||||||||||
Selling, general and administrative expenses | 13,135 | 13,491 | 26,604 | 26,467 | ||||||||||||
Loss on disposal of assets | 2 | — | 2 | — | ||||||||||||
Operating income | 4,520 | 852 | 7,348 | 235 | ||||||||||||
Other expense (income): | ||||||||||||||||
Investment/interest income | (8 | ) | (15 | ) | (25 | ) | (33 | ) | ||||||||
Foreign exchange (gain) loss | (150 | ) | 143 | (123 | ) | 585 | ||||||||||
Other, net | 6 | (18 | ) | 22 | (36 | ) | ||||||||||
Total other (income) expense | (152 | ) | 110 | (126 | ) | 516 | ||||||||||
Income (loss) before income taxes | 4,672 | 742 | 7,474 | (281 | ) | |||||||||||
Income tax provision | 550 | 53 | 717 | 177 | ||||||||||||
Net income (loss) | 4,122 | 689 | 6,757 | (458 | ) | |||||||||||
Foreign currency translation (loss) gain, net of tax | (1,420 | ) | 477 | (2,422 | ) | 2,613 | ||||||||||
Comprehensive income | $ | 2,702 | $ | 1,166 | $ | 4,335 | $ | 2,155 | ||||||||
Net income (loss) per share: | ||||||||||||||||
Common shares - Basic | $ | 0.31 | $ | 0.05 | $ | 0.52 | $ | (0.04 | ) | |||||||
Class B common shares - Basic | 0.28 | 0.05 | 0.46 | (0.03 | ) | |||||||||||
Common shares - Diluted | 0.30 | 0.05 | 0.50 | (0.04 | ) | |||||||||||
Class B common shares - Diluted | 0.27 | 0.05 | 0.45 | (0.03 | ) | |||||||||||
Weighted average number of shares: | ||||||||||||||||
Common shares – Basic | 11,270 | 11,111 | 11,232 | 11,090 | ||||||||||||
Class B common shares – Basic | 2,097 | 2,097 | 2,097 | 2,097 | ||||||||||||
Common shares – Diluted | 11,697 | 11,128 | 11,568 | 11,090 | ||||||||||||
Class B common shares – Diluted | 2,097 | 2,097 | 2,097 | 2,097 | ||||||||||||
Dividends per share: | ||||||||||||||||
Common share | $ | 0.060 | $ | 0.060 | $ | 0.120 | $ | 0.120 | ||||||||
Class B common share | 0.054 | 0.054 | 0.108 | 0.108 |