Leases (Tables)

12 Months Ended

May 28, 2023

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 28, 2023			May 29, 2022
Finance lease cost:
Amortization of leased assets	$	119		$	113
Interest on lease liabilities	351			335
Operating lease cost	1,286			1,046
Variable lease cost and other	600			406
Sublease income	(53)			(90)
Total lease cost	$	2,303		$	1,810
Weighted-average remaining lease term:
Operating leases	7.69			8.54
Finance leases	4.57			0.59
Weighted-average discount rate:
Operating leases	4.60		%	4.61		%
Finance leases	11.40		%	10.01		%

Supplemental cash flow information related to leases are as follows:

	Year Ended		Year Ended
(in thousands)	May 28, 2023		May 29, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,067	$	1,578
Operating cash flows from finance leases	351		335
Financing cash flows from finance leases	96		129
Lease liabilities arising from obtaining right-of-use assets:
Operating leases	$	83	$	37

Maturity Analysis of Operating Lease Liability

The Company’s maturity analysis of operating and finance lease liabilities as of May 28, 2023 are as follows:

(in thousands)	Operating Leases		Finance Leases		Total
2024	$	1,467	$	492	$	1,959
2025	1,217		496		1,713
2026	1,228		505		1,733
2027	1,234		517		1,751
2028	1,145		2,874		4,019
Thereafter	2,647		—		2,647
Total lease payments	8,938		4,884		13,822
Less: interest	(1,296)		(1,547)		(2,843)
Present value of lease liabilities	7,642		3,337		10,979
Less: current obligation of lease liabilities	(1,147)		(123)		(1,270)
Total long-term lease liabilities	$	6,495	$	3,214	$	9,709

Maturity Analysis of Finance Lease Liability

The Company’s maturity analysis of operating and finance lease liabilities as of May 28, 2023 are as follows:

(in thousands)	Operating Leases		Finance Leases		Total
2024	$	1,467	$	492	$	1,959
2025	1,217		496		1,713
2026	1,228		505		1,733
2027	1,234		517		1,751
2028	1,145		2,874		4,019
Thereafter	2,647		—		2,647
Total lease payments	8,938		4,884		13,822
Less: interest	(1,296)		(1,547)		(2,843)
Present value of lease liabilities	7,642		3,337		10,979
Less: current obligation of lease liabilities	(1,147)		(123)		(1,270)
Total long-term lease liabilities	$	6,495	$	3,214	$	9,709