|
Richardson Electronics, Ltd.
Unaudited Consolidated Statement s of Comprehensive Income (Loss) (in thousands, except per share amounts) | ||||||||
| Three Months Ended | ||||||||
| August 29, 2020 | August 31, 2019 | |||||||
| Statements of Comprehensive Income (Loss) | ||||||||
| Net sales | $ | 38,812 | $ | 40,653 | ||||
| Cost of sales | 26,453 | 27,702 | ||||||
| Gross profit | 12,359 | 12,951 | ||||||
| Selling, general and administrative expenses | 12,976 | 12,847 | ||||||
| Loss on disposal of assets | — | 1 | ||||||
| Operating (loss) income | (617 | ) | 103 | |||||
| Other expense (income): | ||||||||
| Investment/interest income | (18 | ) | (120 | ) | ||||
| Foreign exchange loss (income) | 442 | (110 | ) | |||||
| Other, net | (18 | ) | (1 | ) | ||||
| Total other expense (income) | 406 | (231 | ) | |||||
| (Loss) income before income taxes | (1,023 | ) | 334 | |||||
| Income tax provision | 124 | 177 | ||||||
| Net (loss) income | (1,147 | ) | 157 | |||||
| Foreign currency translation gain (loss), net of tax | 2,136 | (716 | ) | |||||
| Comprehensive income (loss) | $ | 989 | $ | (559 | ) | |||
| Net (loss) income per share | ||||||||
| Common shares - Basic | $ | (0.09 | ) | $ | 0.01 | |||
| Class B common shares - Basic | $ | (0.08 | ) | $ | 0.01 | |||
| Common shares - Diluted | $ | (0.09 | ) | $ | 0.01 | |||
| Class B common shares - Diluted | $ | (0.08 | ) | $ | 0.01 | |||
| Weighted average number of shares: | ||||||||
| Common shares – Basic | 11,070 | 10,990 | ||||||
| Class B common shares – Basic | 2,097 | 2,097 | ||||||
| Common shares – Diluted | 11,070 | 10,990 | ||||||
| Class B common shares – Diluted | 2,097 | 2,097 | ||||||
| Dividends per common share | $ | 0.060 | $ | 0.060 | ||||
| Dividends per Class B common share | $ | 0.054 | $ | 0.054 | ||||
