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Debt (Tables)

12 Months Ended

May 29, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consists of the following as of May 29, 2022 and May 30, 2021 (in thousands):

			May 29, 2022						May 30, 2021
Term loan			$	103,712					$	170,000
Total principal amount of long-term debt			103,712						170,000
Less: unamortized debt issuance costs			(5,534)						(5,098)
Total long-term debt, net of unamortized debt issuance costs			98,178						164,902
Less: current portion of long-term debt, net			(599)						—
Long-term debt, net			$	97,579					$	164,902

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 2023			2,125
Fiscal year 2024			8,469
Fiscal year 2025			8,422
Fiscal year 2026			84,696
Total			$	103,712

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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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