v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 30, 2026
May 31, 2025
Jun. 01, 2024
Cash flows from operating activities:      
Net income $ 318,112 $ 1,218,232 $ 276,282
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 124,342 94,021 80,241
Deferred income taxes 67,363 11,570 (9,672)
Stock compensation expense 5,757 4,527 4,358
Loss on change in fair value contingent consideration 0 15,000 5,500
Other operating activities, net (4,425) (15,426) (6,908)
Change in operating assets and liabilities, net of effects from acquisitions:      
(Increase) decrease in trade receivables 139,753 (104,997) (27,570)
(Increase) decrease in inventories (34,978) (12,224) 28,800
Increase (decrease) in accounts payable and current accrued expenses (8,338) 65,311 9,353
Net change in income taxes receivable and payable (94,810) (45,946) 91,567
Net changes in other operating assets and liabilities (33,023) (5,334) (553)
Net cash provided by operating activities 479,753 1,224,734 451,398
Cash flows from used in investing activities:      
Purchases of investments (648,915) (1,213,593) (573,565)
Sales of investments 745,240 907,640 358,932
Acquisition of businesses, net of cash acquired (427,794) (116,193) (53,746)
Acquisition of Van's (24,776) 0 0
Investment in unconsolidated entities 0 0 (363)
Distributions from unconsolidated entities 3,253 4,050 3,000
Purchases of property, plant and equipment (151,220) (161,255) (147,116)
Net proceeds from disposal of property, plant and equipment 328 3,882 272
Net cash used in investing activities (503,884) (575,469) (412,586)
Cash flows used in financing activities:      
Principal payments on long-term debt 0 (2,481) 0
Principal payments on finance lease 0 0 (214)
Purchase of common stock by treasury (131,124) (53,953) (1,688)
Payments of dividends (231,622) (330,290) (91,856)
Net cash used in financing activities (362,746) (386,724) (93,758)
Increase (decrease) in cash, cash equivalents and restricted cash (386,877) 262,541 (54,946)
Cash, cash equivalents and restricted cash at beginning of year 500,419 237,878 292,824
Cash, cash equivalents and restricted cash at end of year $ 113,542 $ 500,419 $ 237,878