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Leases
 12 Months Ended
May 25, 2025
Leases [Abstract]  
Leases Leases
Substantially all current lease activity comes from two active facilities near the Company’s owned headquarters facility in Chaska, Minnesota. Additionally, an operating lease liability for the abandoned headquarters of the Curation Foods business in Santa Maria, California was settled with the landlord in the March 2025 for a gain of $2,642. None of the Company’s other leases are material to the periods presented.
In January 2016, a lease commenced for the Company’s warehouse and final packaging building in Chaska, Minnesota. The lease has since been amended twice to accomplish the following: (i) to extend the term of the lease to September 2034, (ii) to add a buyout option equal to the balance of the lessor’s mortgage loan, valued at $3,100 as of May 25, 2025; and (iii) to provide a $2,400 cash payment to the Company in fiscal year 2024 in exchange for an increased rent payment schedule and an updated purchase option. The lease is classified as a finance lease and has a discount rate of 9%, which was the Company’s incremental borrowing rate at the time of the most recent amendment to the lease in August 2024.
In January 2021, a lease commenced for the Company’s warehouse and office space in Chanhassen, Minnesota. The lease term extends through March 2033. The lease is classified as an operating lease and has a discount rate of 3%, which was the Company’s incremental borrowing rate at lease inception.
The components of lease cost were as follows:
Year ended
May 25, 2025May 26, 2024
Finance lease cost:
Amortization of leased assets$160 $137 
Interest on lease liabilities456 373 
Operating lease cost336 344 
Variable lease cost— 306 
Sublease income— (148)
Total lease cost$952 $1,012 
The Company’s maturity analysis of operating and finance lease liabilities as of May 25, 2025 are as follows:
Operating
leases		Finance
leases
Fiscal year:
2026$433 $682 
2027416 698 
2028302 715 
2029146 732 
2030150 722 
Thereafter436 6,396 
Total lease payments1,883 9,945 
Less: interest(153)(3,980)
Present value of lease liabilities$1,730 $5,965 
Classification on consolidated balance sheet:
Accrued expenses and other current liabilities (see note 7)
$387 $164 
Debt, net of current portion
— 5,801 
Other liabilities
1,343 — 
Present value of lease liabilities$1,730 $5,965 
Supplemental cash flow information related to leases are as follows:
Year ended
May 25, 2025May 26, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $445 $761 
Operating cash flows from finance leases 443 373 
Financing cash flows from finance leases (2,230)136 
Lease liabilities arising from obtaining right-of-use assets:
Finance leases
2,737 — 
Leases Leases
Substantially all current lease activity comes from two active facilities near the Company’s owned headquarters facility in Chaska, Minnesota. Additionally, an operating lease liability for the abandoned headquarters of the Curation Foods business in Santa Maria, California was settled with the landlord in the March 2025 for a gain of $2,642. None of the Company’s other leases are material to the periods presented.
In January 2016, a lease commenced for the Company’s warehouse and final packaging building in Chaska, Minnesota. The lease has since been amended twice to accomplish the following: (i) to extend the term of the lease to September 2034, (ii) to add a buyout option equal to the balance of the lessor’s mortgage loan, valued at $3,100 as of May 25, 2025; and (iii) to provide a $2,400 cash payment to the Company in fiscal year 2024 in exchange for an increased rent payment schedule and an updated purchase option. The lease is classified as a finance lease and has a discount rate of 9%, which was the Company’s incremental borrowing rate at the time of the most recent amendment to the lease in August 2024.
In January 2021, a lease commenced for the Company’s warehouse and office space in Chanhassen, Minnesota. The lease term extends through March 2033. The lease is classified as an operating lease and has a discount rate of 3%, which was the Company’s incremental borrowing rate at lease inception.
The components of lease cost were as follows:
Year ended
May 25, 2025May 26, 2024
Finance lease cost:
Amortization of leased assets$160 $137 
Interest on lease liabilities456 373 
Operating lease cost336 344 
Variable lease cost— 306 
Sublease income— (148)
Total lease cost$952 $1,012 
The Company’s maturity analysis of operating and finance lease liabilities as of May 25, 2025 are as follows:
Operating
leases		Finance
leases
Fiscal year:
2026$433 $682 
2027416 698 
2028302 715 
2029146 732 
2030150 722 
Thereafter436 6,396 
Total lease payments1,883 9,945 
Less: interest(153)(3,980)
Present value of lease liabilities$1,730 $5,965 
Classification on consolidated balance sheet:
Accrued expenses and other current liabilities (see note 7)
$387 $164 
Debt, net of current portion
— 5,801 
Other liabilities
1,343 — 
Present value of lease liabilities$1,730 $5,965 
Supplemental cash flow information related to leases are as follows:
Year ended
May 25, 2025May 26, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $445 $761 
Operating cash flows from finance leases 443 373 
Financing cash flows from finance leases (2,230)136 
Lease liabilities arising from obtaining right-of-use assets:
Finance leases
2,737 —