|
Richardson Electronics, Ltd.
Unaudited Consolidated Statements of Comprehensive Income (in thousands, except per share amounts) | ||||||||
| Three Months Ended | ||||||||
| August 31, 2024 | September 2, 2023 | |||||||
| Net sales | $ | 53,725 | $ | 52,581 | ||||
| Cost of sales, exclusive of depreciation and amortization | 37,299 | 35,317 | ||||||
| Gross profit | 16,426 | 17,264 | ||||||
| Selling, general and administrative expenses, inclusive
of depreciation and amortization | 16,112 | 15,792 | ||||||
| Gain on disposal of assets | (2 | ) | — | |||||
| Operating income | 316 | 1,472 | ||||||
| Other (income) expense: | ||||||||
| Interest income | (58 | ) | (71 | ) | ||||
| Foreign exchange gain | (277 | ) | (97 | ) | ||||
| Other, net | 3 | 32 | ||||||
| Total other income | (332 | ) | (136 | ) | ||||
| Income before income taxes | 648 | 1,608 | ||||||
| Income tax provision | 58 | 381 | ||||||
| Net income | 590 | 1,227 | ||||||
| Foreign currency translation gain (loss), net of tax | 636 | (41 | ) | |||||
| Comprehensive income | $ | 1,226 | $ | 1,186 | ||||
| Net income per share: | ||||||||
| Common shares - Basic | $ | 0.04 | $ | 0.09 | ||||
| Class B common shares - Basic | 0.04 | 0.08 | ||||||
| Common shares - Diluted | 0.04 | 0.09 | ||||||
| Class B common shares - Diluted | 0.04 | 0.08 | ||||||
| Weighted average number of shares: | ||||||||
| Common shares – Basic | 12,200 | 12,171 | ||||||
| Class B common shares – Basic | 2,049 | 2,052 | ||||||
| Common shares – Diluted | 12,431 | 12,539 | ||||||
| Class B common shares – Diluted | 2,049 | 2,052 | ||||||
