Leases (Tables)

12 Months Ended

May 29, 2022

Leases [Abstract]

Components of Lease Cost and Supplemental Cash Flow Information

The components of lease cost were as follows:

	Year Ended			Year Ended
(In thousands, except term and discount rate)	May 29, 2022			May 30, 2021
Finance lease cost:
Amortization of leased assets	$	113		$	117
Interest on lease liabilities	335			348
Operating lease cost	2,212			2,291
Variable lease cost and other	134			15
Sublease income	(90)			(90)
Total lease cost	$	2,704		$	2,681
Weighted-average remaining lease term:
Operating leases	7.41			14.35
Finance leases	0.59			1.60
Weighted-average discount rate:
Operating leases	4.78		%	5.00		%
Finance leases	10.00		%	10.00		%

Supplemental cash flow information related to leases are as follows:

	Year Ended		Year Ended
(in thousands)	May 29, 2022		May 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,454	$	2,089
Operating cash flows from finance leases	335		348
Financing cash flows from finance leases	129		110
Lease liabilities arising from obtaining right-of-use assets:
Operating leases	$	37	$	3,137

Maturity Analysis of Operating Lease Liability

The Company’s maturity analysis of operating and finance lease liabilities as of May 29, 2022 are as follows:

(in thousands)	Operating Leases		Finance Leases		Total
2023	$	2,330	$	3,475	$	5,805
2024	2,243		10		2,253
2025	2,002		—		2,002
2026	1,928		—		1,928
2027	1,409		—		1,409
Thereafter	3,793		—		3,793
Total lease payments	13,705		3,485		17,190
Less: interest	(1,991)		(190)		(2,181)
Present value of lease liabilities	11,714		3,295		15,009
Less: current obligation of lease liabilities	(1,743)		(3,283)		(5,026)
Total long-term lease liabilities	$	9,971	$	12	$	9,983

Maturity Analysis of Finance Lease Liability

The Company’s maturity analysis of operating and finance lease liabilities as of May 29, 2022 are as follows:

(in thousands)	Operating Leases		Finance Leases		Total
2023	$	2,330	$	3,475	$	5,805
2024	2,243		10		2,253
2025	2,002		—		2,002
2026	1,928		—		1,928
2027	1,409		—		1,409
Thereafter	3,793		—		3,793
Total lease payments	13,705		3,485		17,190
Less: interest	(1,991)		(190)		(2,181)
Present value of lease liabilities	11,714		3,295		15,009
Less: current obligation of lease liabilities	(1,743)		(3,283)		(5,026)
Total long-term lease liabilities	$	9,971	$	12	$	9,983