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Debt (Tables)

6 Months Ended

Nov. 29, 2020

Long-term debt, net consists of the following:


(In thousands)	November 29, 2020		May 31, 2020
Term loan	$	94,000	$	114,000
Total principal amount of long-term debt	94,000		114,000
Less: unamortized debt issuance costs	(811)		(1,083)
Total long-term debt, net of unamortized debt issuance costs	93,189		112,917
Less: current portion of long-term debt, net	(11,189)		(11,554)
Long-term debt, net	$	82,000	$	101,363

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details