XML 70 R26.htm IDEA: XBRL DOCUMENT
v3.20.1

Leases (Tables) | 9 Months Ended
--- | ---
Feb. 23, 2020
Leases [Abstract] |
Components of Lease Cost and Supplemental Cash Flow Information | The components of lease cost were as follows:
(In thousands, except term and discount rate) | Three Months Ended |  | Nine Months Ended
| February 23, 2020 |  | February 23, 2020
Finance lease cost: |  |  |
Amortization of leased assets | $ | 29 |  |  | $ | 86 |
Interest on lease liabilities | 89 |  |  | 269 |
Operating lease cost | 1,626 |  |  | 4,791 |
Variable lease cost and other | 725 |  |  | 1,279 |
Total lease cost | $ | 2,469 |  |  | $ | 6,425 |
Weighted-average remaining lease term: |  |  |
Operating leases |  |  | 11.37
Finance leases |  |  | 2.85
Weighted-average discount rate: |  |  |
Operating leases |  |  | 5.26 | %
Finance leases |  |  | 9.99 | %
Supplemental cash flow information related to leases are as follows:
| Nine Months Ended
(In thousands) | February 23, 2020
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases |  | $ | 5,780 |
Operating cash flows from finance leases |  | 270 |
Financing cash flows from finance leases |  | 94 |
Lease liabilities arising from obtaining right-of-use assets: |  |
Operating leases |  | $ | 2,527 |
Maturity Analysis of Finance Lease Liabilities | The Company's leases have original lease periods ending between 2019 and 2040. The Company's maturity analysis of operating and finance lease liabilities as of February 23, 2020 were as follows:
(In thousands) | Operating Leases |  | Finance Leases |  | Total
Remainder of 2020 | $ | 1,385 |  |  | $ | 125 |  |  | $ | 1,510 |
2021 | 4,862 |  |  | 455 |  |  | 5,317 |
2022 | 4,350 |  |  | 466 |  |  | 4,816 |
2023 | 3,680 |  |  | 3,497 |  |  | 7,177 |
2024 | 3,008 |  |  | 9 |  |  | 3,017 |
Thereafter | 20,086 |  |  | 2 |  |  | 20,088 |
Total lease payments | 37,371 |  |  | 4,554 |  |  | 41,925 |
Less: interest | (10,306) |  |  | (962) |  |  | (11,268) |
Present value of lease liabilities | 27,065 |  |  | 3,592 |  |  | 30,657 |
Less: current obligation of lease liabilities | (3,775) |  |  | (125) |  |  | (3,900) |
Total long-term lease liabilities | $ | 23,290 |  |  | $ | 3,467 |  |  | $ | 26,757 |
Maturity Analysis of Operating Lease Liabilities | The Company's leases have original lease periods ending between 2019 and 2040. The Company's maturity analysis of operating and finance lease liabilities as of February 23, 2020 were as follows:
(In thousands) | Operating Leases |  | Finance Leases |  | Total
Remainder of 2020 | $ | 1,385 |  |  | $ | 125 |  |  | $ | 1,510 |
2021 | 4,862 |  |  | 455 |  |  | 5,317 |
2022 | 4,350 |  |  | 466 |  |  | 4,816 |
2023 | 3,680 |  |  | 3,497 |  |  | 7,177 |
2024 | 3,008 |  |  | 9 |  |  | 3,017 |
Thereafter | 20,086 |  |  | 2 |  |  | 20,088 |
Total lease payments | 37,371 |  |  | 4,554 |  |  | 41,925 |
Less: interest | (10,306) |  |  | (962) |  |  | (11,268) |
Present value of lease liabilities | 27,065 |  |  | 3,592 |  |  | 30,657 |
Less: current obligation of lease liabilities | (3,775) |  |  | (125) |  |  | (3,900) |
Total long-term lease liabilities | $ | 23,290 |  |  | $ | 3,467 |  |  | $ | 26,757 |
Schedule of Future Minimum Rental Payments for Operating Leases | The future minimum annual lease payments required under the Company’s existing operating lease agreements as of May 26, 2019 prior to the adoption of ASC 842 were as follows:
(In thousands) | Operating Leases
Fiscal year 2020 | $ | 5,056 |
Fiscal year 2021 | 4,044 |
Fiscal year 2022 | 3,589 |
Fiscal year 2023 | 3,350 |
Fiscal year 2024 | 3,047 |
Thereafter | 9,335 |
Total | $ | 28,421 |
Schedule of Future Minimum Lease Payments for Capital Leases | The future minimum annual lease payments required under the Company’s existing capital lease agreements as of May 26, 2019 prior to the adoption of ASC 842 were as follows:
(In thousands) | Capital Leases
Fiscal year 2020 | $ | 486 |
Fiscal year 2021 | 489 |
Fiscal year 2022 | 460 |
Fiscal year 2023 | 3,490 |
Fiscal year 2024 | — |
Thereafter | — |
Total minimum lease payment | 4,925 |
Less: amounts representing interest and taxes | (1,291) |
Total | 3,634 |
Less: current portion included in other accrued liabilities | (102) |
Long-term capital lease obligation | $ | 3,532 |

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 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737 + Details
Name: | us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration