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Leases (Tables) | 12 Months Ended
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May 29, 2022
Leases [Abstract] |
Components of Lease Cost and Supplemental Cash Flow Information | The components of lease cost were as follows:
| Year Ended | Year Ended
(In thousands, except term and discount rate) | May 29, 2022 | May 30, 2021
Finance lease cost: |  |
Amortization of leased assets | $ | 113 | $ | 117
Interest on lease liabilities | 335 | 348
Operating lease cost | 2,212 | 2,291
Variable lease cost and other | 134 | 15
Sublease income | (90) | (90)
Total lease cost | $ | 2,704 | $ | 2,681
Weighted-average remaining lease term: |  |
Operating leases | 7.41 | 14.35
Finance leases | 0.59 | 1.60
Weighted-average discount rate: |  |
Operating leases | 4.78 | % | 5.00 | %
Finance leases | 10.00 | % | 10.00 | %
Supplemental cash flow information related to leases are as follows:
| Year Ended | Year Ended
(in thousands) | May 29, 2022 | May 30, 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases | $ | 2,454 |  | $ | 2,089 |
Operating cash flows from finance leases | 335 |  | 348 |
Financing cash flows from finance leases | 129 |  | 110 |
Lease liabilities arising from obtaining right-of-use assets: |  |
Operating leases | $ | 37 |  | $ | 3,137 |
Maturity Analysis of Operating Lease Liability | The Company’s maturity analysis of operating and finance lease liabilities as of May 29, 2022 are as follows:
(in thousands) | Operating Leases |  | Finance Leases |  | Total
2023 | $ | 2,330 |  |  | $ | 3,475 |  |  | $ | 5,805 |
2024 | 2,243 |  |  | 10 |  |  | 2,253 |
2025 | 2,002 |  |  | — |  |  | 2,002 |
2026 | 1,928 |  |  | — |  |  | 1,928 |
2027 | 1,409 |  |  | — |  |  | 1,409 |
Thereafter | 3,793 |  |  | — |  |  | 3,793 |
Total lease payments | 13,705 |  |  | 3,485 |  |  | 17,190 |
Less: interest | (1,991) |  |  | (190) |  |  | (2,181) |
Present value of lease liabilities | 11,714 |  |  | 3,295 |  |  | 15,009 |
Less: current obligation of lease liabilities | (1,743) |  |  | (3,283) |  |  | (5,026) |
Total long-term lease liabilities | $ | 9,971 |  |  | $ | 12 |  |  | $ | 9,983 |
Maturity Analysis of Finance Lease Liability | The Company’s maturity analysis of operating and finance lease liabilities as of May 29, 2022 are as follows:
(in thousands) | Operating Leases |  | Finance Leases |  | Total
2023 | $ | 2,330 |  |  | $ | 3,475 |  |  | $ | 5,805 |
2024 | 2,243 |  |  | 10 |  |  | 2,253 |
2025 | 2,002 |  |  | — |  |  | 2,002 |
2026 | 1,928 |  |  | — |  |  | 1,928 |
2027 | 1,409 |  |  | — |  |  | 1,409 |
Thereafter | 3,793 |  |  | — |  |  | 3,793 |
Total lease payments | 13,705 |  |  | 3,485 |  |  | 17,190 |
Less: interest | (1,991) |  |  | (190) |  |  | (2,181) |
Present value of lease liabilities | 11,714 |  |  | 3,295 |  |  | 15,009 |
Less: current obligation of lease liabilities | (1,743) |  |  | (3,283) |  |  | (5,026) |
Total long-term lease liabilities | $ | 9,971 |  |  | $ | 12 |  |  | $ | 9,983 |

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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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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