Lease Obligations and Other Commitments

6 Months Ended

Nov. 28, 2020

Commitments And Contingencies Disclosure [Abstract]

Lease Obligations and Other Commitments

8.  LEASE OBLIGATIONS AND OTHER COMMITMENTS

The Company leases real and personal property in the normal course of business under various operating leases and financing leases. The Company has two types of operating leases: leases for facility space and leases for automobiles. Most of the leased facility space is for sales and general office use. Automobile leases are used throughout the Company. The financing lease is for our computer servers.

The gross amounts of assets and liabilities related to both operating and financing leases were as follows (in thousands):

Lease Type	November 28, 2020		May 30, 2020
Operating lease ROU asset	$	2,503	$	3,018
Financing lease ROU asset		354		401
Total Lease ROU asset	$	2,857	$	3,419
Operating lease liability current	$	1,121	$	1,329
Financing lease liability current		159		156
Total lease liability current	$	1,280	$	1,485
Operating lease liability non-current	$	1,437	$	1,778
Financing lease liability non-current		75		163
Total lease liability non-current	$	1,512	$	1,941

The components of lease costs were as follows (in thousands):

		Three Months Ended
		November 28, 2020		November 30, 2019
Consolidated operating lease expense	Operating expenses	$	502	$	468
Consolidated financing lease amortization	Operating expenses		23		16
Consolidated financing lease interest	Interest expense		3		5
Consolidated financing lease expense			26		21
Net lease cost		$	528	$	489

		Six Months Ended
		November 28, 2020		November 30, 2019
Consolidated operating lease expense	Operating expenses	$	990	$	946
Consolidated financing lease amortization	Operating expenses		46		16
Consolidated financing lease interest	Interest expense		7		14
Consolidated financing lease expense			53		30
Net lease cost		$	1,043	$	976

The approximate future minimum lease payments under operating and financing leases at November 28, 2020 were as follows (in thousands):

Fiscal Year	Operating Leases		Financing Leases		Total
Remaining 2021	$	703	$	91	$	794
2022		796		151		947
2023		542		—		542
2024		367		—		367
2025		222		—		222
Thereafter		125		—		125
Total lease payments		2,755		242		2,997
Less imputed interest		197		8		205
Net minimum lease payments	$	2,558	$	234	$	2,792

The weighted average remaining lease terms and interest rates of leases held by the Company as of November 28, 2020 were as follows:

Lease Type	Weighted Average Remaining Lease Term in Years	Weighted Average Interest Rate
Operating leases	3.3	4.6%
Financing leases	1.4	4.6%

The cash outflows of the leasing activity of the Company as lessee for the six months ending November 28, 2020 were as follows (in thousands):

Cash Flow Source	Classification	Amount
Operating cash flows from operating leases	Operating activities	$	549
Operating cash flows from financing leases	Operating activities		84
Finance cash flows from financing leases	Financing activities		91