XML 85 R34.htm IDEA: XBRL DOCUMENT
v3.24.1

Leases (Tables) | 12 Months Ended
--- | ---
May 28, 2023
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 28, 2023 | May 29, 2022
Finance lease cost: |  |
Amortization of leased assets | $ | 119 | $ | 113
Interest on lease liabilities | 351 | 335
Operating lease cost | 1,286 | 1,046
Variable lease cost and other | 600 | 406
Sublease income | (53) | (90)
Total lease cost | $ | 2,303 | $ | 1,810
Weighted-average remaining lease term: |  |
Operating leases | 7.69 | 8.54
Finance leases | 4.57 | 0.59
Weighted-average discount rate: |  |
Operating leases | 4.60 | % | 4.61 | %
Finance leases | 11.40 | % | 10.01 | %
Supplemental cash flow information related to leases are as follows:
| Year Ended | Year Ended
(in thousands) | May 28, 2023 | May 29, 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases | $ | 2,067 |  | $ | 1,578 |
Operating cash flows from finance leases | 351 |  | 335 |
Financing cash flows from finance leases | 96 |  | 129 |
Lease liabilities arising from obtaining right-of-use assets: |  |
Operating leases | $ | 83 |  | $ | 37 |
Maturity Analysis of Operating Lease Liability | The Company’s maturity analysis of operating and finance lease liabilities as of May 28, 2023 are as follows:
(in thousands) | Operating Leases |  | Finance Leases |  | Total
2024 | $ | 1,467 |  |  | $ | 492 |  |  | $ | 1,959 |
2025 | 1,217 |  |  | 496 |  |  | 1,713 |
2026 | 1,228 |  |  | 505 |  |  | 1,733 |
2027 | 1,234 |  |  | 517 |  |  | 1,751 |
2028 | 1,145 |  |  | 2,874 |  |  | 4,019 |
Thereafter | 2,647 |  |  | — |  |  | 2,647 |
Total lease payments | 8,938 |  |  | 4,884 |  |  | 13,822 |
Less: interest | (1,296) |  |  | (1,547) |  |  | (2,843) |
Present value of lease liabilities | 7,642 |  |  | 3,337 |  |  | 10,979 |
Less: current obligation of lease liabilities | (1,147) |  |  | (123) |  |  | (1,270) |
Total long-term lease liabilities | $ | 6,495 |  |  | $ | 3,214 |  |  | $ | 9,709 |
Maturity Analysis of Finance Lease Liability | The Company’s maturity analysis of operating and finance lease liabilities as of May 28, 2023 are as follows:
(in thousands) | Operating Leases |  | Finance Leases |  | Total
2024 | $ | 1,467 |  |  | $ | 492 |  |  | $ | 1,959 |
2025 | 1,217 |  |  | 496 |  |  | 1,713 |
2026 | 1,228 |  |  | 505 |  |  | 1,733 |
2027 | 1,234 |  |  | 517 |  |  | 1,751 |
2028 | 1,145 |  |  | 2,874 |  |  | 4,019 |
Thereafter | 2,647 |  |  | — |  |  | 2,647 |
Total lease payments | 8,938 |  |  | 4,884 |  |  | 13,822 |
Less: interest | (1,296) |  |  | (1,547) |  |  | (2,843) |
Present value of lease liabilities | 7,642 |  |  | 3,337 |  |  | 10,979 |
Less: current obligation of lease liabilities | (1,147) |  |  | (123) |  |  | (1,270) |
Total long-term lease liabilities | $ | 6,495 |  |  | $ | 3,214 |  |  | $ | 9,709 |

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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration