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Leases
9 Months Ended
Feb. 26, 2022
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 Income. The Company’s lease cost consists of the following (in thousands):
Thirteen Weeks Ended
Thirty-nine Weeks Ended
February 26, 2022
February 26, 2022
Operating lease cost
$
200
$
625
Finance lease cost
Amortization of right-of-use asset
$
44
$
132
Interest on lease obligations
$
6
$
20
Short term lease cost
$
1,086
$
3,221
Future minimum lease payments under non-cancelable leases are as follows (in thousands):
As of February 26, 2022
Operating Leases
Finance Leases
Remainder fiscal 2022
$
180
$
60
2023
539
240
2024
380
217
2025
130
2026
26
2027
5
Total
1,260
517
Less imputed interest
(92)
(24)
Total
$
1,168
$
493
The
 
weighted-average
 
remaining
 
lease
 
term
 
and
 
discount
 
rate
 
for
 
lease
 
liabilities
 
included
 
in
 
our
 
Condensed
 
Consolidated
Balance Sheet are as follows:
As of February 26, 2022
Operating Leases
Finance Leases
Weighted-average remaining lease term (years)
2.4
1.8
Weighted-average discount rate
5.9
%
4.9
%