Richardson Electronics, Ltd. common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
Richardson Electronics, Ltd.
Consolidated Balance Sheets
(in thousands, except per share amounts)
| Unaudited | Audited | |||||||
| August 28, 2021 | May 29, 2021 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 36,418 | $ | 43,316 | ||||
| Accounts receivable, less allowance of $205 and $202, respectively | 29,724 | 25,096 | ||||||
| Inventories, net | 67,649 | 63,508 | ||||||
| Prepaid expenses and other assets | 2,429 | 2,385 | ||||||
| Total current assets | 136,220 | 134,305 | ||||||
| Non-current assets: | ||||||||
| Property, plant and equipment, net | 17,132 | 17,067 | ||||||
| Intangible assets, net | 2,204 | 2,270 | ||||||
| Lease ROU asset | 4,116 | 2,570 | ||||||
| Non-current deferred income taxes | 534 | 541 | ||||||
| Total non-current assets | 23,986 | 22,448 | ||||||
| Total assets | $ | 160,206 | $ | 156,753 | ||||
| Liabilities | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 17,421 | $ | 16,979 | ||||
| Accrued liabilities | 14,534 | 14,182 | ||||||
| Lease liability current | 1,297 | 1,066 | ||||||
| Total current liabilities | 33,252 | 32,227 | ||||||
| Non-current liabilities: | ||||||||
| Non-current deferred income tax liabilities | 274 | 242 | ||||||
| Lease liability non-current | 2,638 | 1,358 | ||||||
| Other non-current liabilities | 1,364 | 1,366 | ||||||
| Total non-current liabilities | 4,276 | 2,966 | ||||||
| Total liabilities | 37,528 | 35,193 | ||||||
| Stockholders’ equity | ||||||||
| Common stock, $0.05 par value; issued and outstanding 11,241 shares on
August 28, 2021 and 11,160 shares on May 29, 2021 | 562 | 558 | ||||||
| Class B common stock, convertible, $0.05 par value; issued and outstanding
2,097 shares on August 28, 2021 and May 29, 2021 | 105 | 105 | ||||||
| Preferred stock, $1.00 par value, no shares issued | — | — | ||||||
| Additional paid-in-capital | 62,974 | 62,707 | ||||||
| Retained earnings | 55,146 | 53,297 | ||||||
| Accumulated other comprehensive income | 3,891 | 4,893 | ||||||
| Total stockholders’ equity | 122,678 | 121,560 | ||||||
| Total liabilities and stockholders’ equity | $ | 160,206 | $ | 156,753 | ||||
Richardson Electronics, Ltd.
