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Debt (Tables) | 12 Months Ended
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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) based on the contractual repayment schedule. However, as discussed in Note 1, all amounts have been classified as current on the Consolidated Balance Sheet due to the covenant violations, which causes the debt to be due upon demand as of May 29, 2022.
| 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 | (98,178) |  |  | — |
Long-term debt, net | $ | — |  |  | $ | 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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