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Leases (Tables) | 3 Months Ended
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Aug. 25, 2019
Leases [Abstract] |
Components of Lease Cost and Supplemental Cash Flow Information | Supplemental cash flow information related to leases are as follows:
| Three Months Ended
(In thousands) | August 25, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 1,654 |
Operating cash flows from finance leases | 90 |
Financing cash flows from finance leases | 30 |
The components of lease cost were as follows:
(In thousands, except term and discount rate) | Three Months Ended
| August 25, 2019
Finance lease cost: |
Amortization of leased assets | $ | 28 |
Interest on lease liabilities | 90 |
Operating lease cost | 1,593 |
Variable lease cost and other | 165 |
Total lease cost | $ | 1,876 |
Weighted-average remaining lease term: |
Operating leases | 13.75 |
Finance leases | 3.35 |
Weighted-average discount rate: |
Operating leases | 5.28 | %
Finance leases | 9.99 | %
Maturity Analysis of Finance Lease Liabilities | Our leases have original lease periods ending between 2019 and 2040. The Company's maturity analysis of operating and finance lease liabilities as of August 25, 2019 were as follows:
(In thousands) | Operating Leases |  | Finance Leases |  | Total
Remainder of 2020 | $ | 3,931 |  |  | $ | 335 |  |  | $ | 4,266 |
2021 | 4,011 |  |  | 455 |  |  | 4,466 |
2022 | 3,522 |  |  | 466 |  |  | 3,988 |
2023 | 3,255 |  |  | 3,497 |  |  | 6,752 |
2024 | 2,931 |  |  | 9 |  |  | 2,940 |
Thereafter | 26,407 |  |  | 2 |  |  | 26,409 |
Total lease payments | 44,057 |  |  | 4,764 |  |  | 48,821 |
Less: interest | (14,053 | ) |  | (1,141 | ) |  | (15,194 | )
Present value of lease liabilities | 30,004 |  |  | 3,623 |  |  | 33,627 |
Less: current obligation of lease liabilities | (3,514 | ) |  | (87 | ) |  | (3,601 | )
Total long-term lease liabilities | $ | 26,490 |  |  | $ | 3,536 |  |  | $ | 30,026 |
Maturity Analysis of Operating Lease Liabilities | Our leases have original lease periods ending between 2019 and 2040. The Company's maturity analysis of operating and finance lease liabilities as of August 25, 2019 were as follows:
(In thousands) | Operating Leases |  | Finance Leases |  | Total
Remainder of 2020 | $ | 3,931 |  |  | $ | 335 |  |  | $ | 4,266 |
2021 | 4,011 |  |  | 455 |  |  | 4,466 |
2022 | 3,522 |  |  | 466 |  |  | 3,988 |
2023 | 3,255 |  |  | 3,497 |  |  | 6,752 |
2024 | 2,931 |  |  | 9 |  |  | 2,940 |
Thereafter | 26,407 |  |  | 2 |  |  | 26,409 |
Total lease payments | 44,057 |  |  | 4,764 |  |  | 48,821 |
Less: interest | (14,053 | ) |  | (1,141 | ) |  | (15,194 | )
Present value of lease liabilities | 30,004 |  |  | 3,623 |  |  | 33,627 |
Less: current obligation of lease liabilities | (3,514 | ) |  | (87 | ) |  | (3,601 | )
Total long-term lease liabilities | $ | 26,490 |  |  | $ | 3,536 |  |  | $ | 30,026 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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