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Lease Obligations and Other Commitments (Tables)
12 Months Ended
May 28, 2022
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Gross Amount Assets and Liabilities Related to Operating and Financing Leases

The gross amounts of assets and liabilities related to both operating and financing leases at May 28, 2022 and May 29, 2021 were as follows (in thousands):

 

Lease Type

 

May 28, 2022

 

 

May 29, 2021

 

Operating lease ROU asset

 

$

3,024

 

 

$

2,262

 

Financing lease ROU asset

 

 

215

 

 

 

308

 

Total Lease ROU asset

 

$

3,239

 

 

$

2,570

 

 

 

 

 

 

 

 

 

 

Operating lease liability current

 

$

1,109

 

 

$

918

 

Financing lease liability current

 

 

 

 

 

148

 

Total lease liability current

 

$

1,109

 

 

$

1,066

 

 

 

 

 

 

 

 

 

 

Operating lease liability non-current

 

$

1,915

 

 

$

1,358

 

Financing lease liability non-current

 

 

 

 

 

 

Total lease liability non-current

 

$

1,915

 

 

$

1,358

 

Components of Lease Costs

The components of lease costs for fiscal 2022 and fiscal 2021 were as follows (in thousands):

 

Lease Type

 

Classification

 

Fiscal Year Ended

May 28, 2022

 

 

Fiscal Year Ended

May 29, 2021

 

Consolidated operating lease expense

 

Operating expenses

 

$

1,781

 

 

$

1,939

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated financing lease amortization

 

Operating expenses

 

 

92

 

 

 

92

 

Consolidated financing lease interest

 

Interest expense

 

 

3

 

 

 

11

 

Consolidated financing lease expense

 

 

 

 

95

 

 

 

103

 

 

 

 

 

 

 

 

 

 

 

 

Net lease cost

 

 

 

$

1,876

 

 

$

2,042

 

Schedule of Future Minimum Lease Payments under Operating and Financing Leases

Our future lease commitments for minimum rentals, including common area maintenance charges and property taxes during the next five years are as follows (in thousands):

 

Fiscal Year

 

Operating Leases

 

2023

 

$

1,244

 

2024

 

 

872

 

2025

 

 

610

 

2026

 

 

388

 

2027

 

 

75

 

Thereafter

 

 

17

 

Total lease payments

 

 

3,206

 

Less imputed interest

 

 

182

 

Net minimum lease payments

 

$

3,024

 

Schedule of Weighted Average Remaining Lease Terms and Interest Rates of Leases

The weighted average remaining lease terms and interest rates of leases held by the Company as of May 28, 2022 were as follows:

 

Lease Type

 

Weighted Average Remaining

Lease Term in Years

 

Weighted Average

Interest Rate

 

Operating leases

 

3.2

 

4.4%

 

 

 

 

 

 

 

 

Schedule of Cash Outflows of Leasing Activity

The cash outflows of the leasing activity of the Company as lessee for fiscal 2022 and fiscal 2021 were as follows (in thousands):

 

 

 

 

 

Fiscal Year Ended

 

Cash Flow Source

 

Classification

 

May 28, 2022

 

 

May 29, 2021

 

Operating cash flows from operating leases

 

Operating activities

 

$

747

 

 

$

831

 

Operating cash flows from financing leases

 

Operating activities

 

 

148

 

 

 

170

 

Finance cash flows from financing leases

 

Financing activities

 

 

151

 

 

 

181