Lease Obligations and Other Commitments

3 Months Ended

Aug. 28, 2021

Commitments And Contingencies Disclosure [Abstract]

Lease Obligations and Other Commitments

4.  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	August 28, 2021		May 29, 2021
Operating lease ROU asset	$	3,831	$	2,262
Financing lease ROU asset		285		308
Total Lease ROU asset	$	4,116	$	2,570
Operating lease liability current	$	1,193	$	918
Financing lease liability current		104		148
Total lease liability current	$	1,297	$	1,066
Operating lease liability non-current	$	2,638	$	1,358
Total lease liability non-current	$	2,638	$	1,358

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

		Three Months Ended
		August 28, 2021		August 29, 2020
Consolidated operating lease expense	Operating expenses	$	455	$	488
Consolidated financing lease amortization	Operating expenses		23		23
Consolidated financing lease interest	Interest expense		2		4
Consolidated financing lease expense			25		27
Net lease cost		$	480	$	515

The approximate future minimum lease payments under operating and financing leases at August 28, 2021 were as follows (in thousands):

Fiscal Year	Operating Leases		Financing Leases		Total
Remaining 2022	$	1,033	$	106	$	1,139
2023		1,192		—		1,192
2024		816		—		816
2025		575		—		575
2026		403		—		403
Thereafter		95		—		95
Total lease payments		4,114		106		4,220
Less imputed interest		283		2		285
Net minimum lease payments	$	3,831	$	104	$	3,935

The weighted average remaining lease terms and interest rates of leases held by the Company as of August 28, 2021 were as follows:

Lease Type	Weighted Average Remaining Lease Term in Years	Weighted Average Interest Rate
Operating leases	3.7	4.5%
Financing leases	0.6	4.6%

The cash outflows of the leasing activity of the Company as lessee for three months ending August 28, 2021 and August 29, 2020 were as follows (in thousands):

		Three Months Ended
Cash Flow Source	Classification	August 28, 2021		August 29, 2020
Operating cash flows from operating leases	Operating activities	$	1,554	$	261
Operating cash flows from financing leases	Operating activities		44		42
Finance cash flows from financing leases	Financing activities		45		45