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Long-term Debt (Tables)

6 Months Ended

Nov. 24, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt, net consists of the following:

			November 24, 2024						May 26, 2024
Term loan credit facility			$	165,274					$	157,313
Equipment financing			6,764						7,150
Total principal amount of long-term debt			172,038						164,463
Less: unamortized debt issuance costs			(453)						(504)
Less: debt discount			(60,284)						(62,367)
Total long-term debt, net of issuance costs and discount			111,301						101,592
Less: Current portion of long-term debt, related party			(773)						(773)
Long-term debt, less current portion, net, related party			$	110,528					$	100,819
Revolving credit facility			$	8,500					$	19,691

Schedule of Maturities of Long-term Debt

The future minimum principal payments under the Company’s term loan credit facility and equipment financing liability for each year presented are as follows:

Remainder of Fiscal year 2025			$	387
Fiscal year 2026			773
Fiscal year 2027			773
Fiscal year 2028			773
Fiscal year 2029			166,047
Fiscal year 2030			773
Thereafter			2,512
Total			$	172,038

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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