Lease Obligations and Other Commitments

9 Months Ended

Feb. 26, 2022

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	February 26, 2022		May 29, 2021
Operating lease ROU asset	$	3,263	$	2,262
Financing lease ROU asset		239		308
Total lease ROU asset	$	3,502	$	2,570
Operating lease liability current	$	1,149	$	918
Financing lease liability current		15		148
Total lease liability current	$	1,164	$	1,066
Operating lease liability non-current	$	2,113	$	1,358
Total lease liability non-current	$	2,113	$	1,358

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

		Three Months Ended
		February 26, 2022		February 27, 2021
Consolidated operating lease expense	Operating expenses	$	452	$	484
Consolidated financing lease amortization	Operating expenses		23		23
Consolidated financing lease interest	Interest expense		1		2
Consolidated financing lease expense			24		25
Net lease cost		$	476	$	509

		Nine Months Ended
		February 26, 2022		February 27, 2021
Consolidated operating lease expense	Operating expenses	$	1,353	$	1,474
Consolidated financing lease amortization	Operating expenses		69		69
Consolidated financing lease interest	Interest expense		4		9
Consolidated financing lease expense			73		78
Net lease cost		$	1,426	$	1,552

The approximate future minimum lease payments under operating and financing leases at February 26, 2022 were as follows (in thousands):

Fiscal Year	Operating Leases		Financing Leases		Total
Remaining 2022	$	338	$	15	$	353
2023		1,218		—		1,218
2024		838		—		838
2025		586		—		586
2026		401		—		401
Thereafter		94		—		94
Total lease payments		3,475		15		3,490
Less imputed interest		213		—		213
Net minimum lease payments	$	3,262	$	15	$	3,277

The weighted average remaining lease terms and interest rates of leases held by the Company as of February 26, 2022 were as follows:

Lease Type	Weighted Average Remaining Lease Term in Years	Weighted Average Interest Rate
Operating leases	3.4	4.5%
Financing leases	0.1	4.6%

The cash outflows of the leasing activity of the Company as lessee for the nine months ending February 26, 2022 and February 27, 2021 were as follows (in thousands):

		Nine Months Ended
Cash Flow Source	Classification	February 26, 2022		February 27, 2021
Operating cash flows from operating leases	Operating activities	$	986	$	430
Operating cash flows from financing leases	Operating activities		133		127
Finance cash flows from financing leases	Financing activities		136		136