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Leases (Tables) | 12 Months Ended
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May 26, 2024
Leases [Abstract] |
Schedule of Components of Lease Cost and Supplemental Cash Flow Information | The components of lease cost were as follows:
| Year Ended
(In thousands, except term and discount rate) | May 26, 2024 |  | May 28, 2023
Finance lease cost: |  |  |
Amortization of leased assets | $ | 137 |  | $ | 119
Interest on lease liabilities | 373 |  | 351
Operating lease cost | 344 |  | 1,286
Variable lease cost | 306 |  | 600
Sublease income | (148) |  | (53)
Total lease cost | $ | 1,012 |  | $ | 2,303
Weighted-average remaining lease term: |  |  |
Operating leases | 8.53 |  | 7.69
Finance leases | 3.67 |  | 4.57
Weighted-average discount rate: |  |  |
Operating leases | 3.04 | % |  | 4.60 | %
Finance leases | 11.10 | % |  | 11.40 | %
Supplemental cash flow information related to leases are as follows:
| Year Ended | Year Ended
(in thousands) | May 26, 2024 | May 28, 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases | $ | 761 |  | $ | 2,067 |
Operating cash flows from finance leases | 373 |  | 351 |
Financing cash flows from finance leases | 136 |  | 96 |
Lease liabilities arising from obtaining right-of-use assets: |  |
Operating leases | $ | — |  | $ | 83 |
Schedule of Maturity Analysis of Operating Lease Liability | The Company’s maturity analysis of operating and finance lease liabilities as of May 26, 2024 are as follows:
(in thousands) | Operating Leases |  | Finance Leases |  | Total
2025 | $ | 4,020 |  |  | $ | 529 |  |  | $ | 4,549 |
2026 | 433 |  |  | 541 |  |  | 974 |
2027 | 416 |  |  | 553 |  |  | 969 |
2028 | 302 |  |  | 2,910 |  |  | 3,212 |
2029 | 146 |  |  | 36 |  |  | 182 |
Thereafter | 585 |  |  | 9 |  |  | 594 |
Total lease payments | 5,902 |  |  | 4,578 |  |  | 10,480 |
Less: interest | (211) |  |  | (1,192) |  |  | (1,403) |
Present value of lease liabilities | 5,691 |  |  | 3,386 |  |  | 9,077 |
Less: current obligation of lease liabilities | (3,962) |  |  | (171) |  |  | (4,133) |
Total long-term lease liabilities | $ | 1,729 |  |  | $ | 3,215 |  |  | $ | 4,944 |
Maturity Analysis of Finance Lease Liability | The Company’s maturity analysis of operating and finance lease liabilities as of May 26, 2024 are as follows:
(in thousands) | Operating Leases |  | Finance Leases |  | Total
2025 | $ | 4,020 |  |  | $ | 529 |  |  | $ | 4,549 |
2026 | 433 |  |  | 541 |  |  | 974 |
2027 | 416 |  |  | 553 |  |  | 969 |
2028 | 302 |  |  | 2,910 |  |  | 3,212 |
2029 | 146 |  |  | 36 |  |  | 182 |
Thereafter | 585 |  |  | 9 |  |  | 594 |
Total lease payments | 5,902 |  |  | 4,578 |  |  | 10,480 |
Less: interest | (211) |  |  | (1,192) |  |  | (1,403) |
Present value of lease liabilities | 5,691 |  |  | 3,386 |  |  | 9,077 |
Less: current obligation of lease liabilities | (3,962) |  |  | (171) |  |  | (4,133) |
Total long-term lease liabilities | $ | 1,729 |  |  | $ | 3,215 |  |  | $ | 4,944 |

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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 -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
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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 -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
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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 -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
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