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Debt (Tables)

12 Months Ended

May 26, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consists of the following as of May 26, 2019 and May 27, 2018 (in thousands):

	May 26, 2019				May 27, 2018
Term loan	$	97,500			$	42,500
Total principal amount of long-term debt	97,500				42,500
Less: unamortized debt issuance costs	(516		)		(200		)
Total long-term debt, net of unamortized debt issuance costs	96,984				42,300
Less: current portion of long-term debt, net	(9,791		)		(4,940		)
Long-term debt, net	$	87,193			$	37,360

Schedule of Maturities of Long-term Debt

The future minimum principal payments of the Company’s debt for each year presented are as follows (in thousands):

	Term Loan
Fiscal year 2020	$	10,000
Fiscal year 2021	10,000
Fiscal year 2022	77,500
Fiscal year 2023 and thereafter	—
Total	$	97,500

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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