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Leases (Tables)

12 Months Ended

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

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

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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

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X

- References

No definition available.

+ Details

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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

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