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Debt (Tables)

12 Months Ended

May 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consists of the following as of May 31, 2020 and May 26, 2019 (in thousands):

			May 31, 2020						May 26, 2019
Term loan			$	114,000					$	97,500
Total principal amount of long-term debt			114,000						97,500
Less: unamortized debt issuance costs			(1,083)						(516)
Total long-term debt, net of unamortized debt issuance costs			112,917						96,984
Less: current portion of long-term debt, net			(11,554)						(9,791)
Long-term debt, net			$	101,363					$	87,193

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 2021			$	12,000
Fiscal year 2022			102,000
Total			$	114,000

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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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