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Leases
6 Months Ended
Nov. 27, 2021
Leases [Abstract]  
Leases
Note 11 - Leases
Expenses related
 
to operating
 
leases, amortization
 
of finance
 
leases, right-of-use
 
assets, and
 
finance lease
 
interest are
 
included
in Cost of sales, Selling general and administrative expense, and
 
Interest income, net in the Condensed Consolidated Statements
of Operations. The Company’s lease cost consists
 
of the following (in thousands):
Thirteen Weeks
 
Ended
Twenty-six Weeks
 
Ended
November 27, 2021
November 27, 2021
Operating lease cost
$
208
$
425
Finance lease cost
Amortization of right-of-use asset
$
44
$
88
Interest on lease obligations
$
7
$
14
Short term lease cost
$
1,097
$
2,135
Future minimum lease payments under non-cancelable leases are as follows
 
(in thousands):
As of November 27, 2021
Operating Leases
Finance Leases
Remainder fiscal 2022
$
378
$
120
2023
539
239
2024
380
217
2025
130
2026
26
2027
5
Total
1,458
576
Less imputed interest
(111)
(30)
Total
$
1,347
$
546
The
 
weighted-average
 
remaining
 
lease
 
term
 
and
 
discount
 
rate
 
for
 
lease
 
liabilities
 
included
 
in
 
our
 
Condensed
 
Consolidated
Balance Sheet are as follows:
As of November 27, 2021
Operating Leases
Finance Leases
Weighted-average
 
remaining lease term (years)
2.6
2.0
Weighted-average
 
discount rate
5.9
%
4.9
%