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Leases (Tables)

3 Months Ended

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

X

- 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

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X

- 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

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- References

No definition available.

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X

- 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

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