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Commitments And Contingencies
12 Months Ended
May 25, 2019
Commitments And Contingencies [Abstract]  
Commitments And Contingencies

14. Commitments and Contingencies



Lease Commitments



At May 25, 2019, the Company had operating leases, expiring at various dates through March 2028, primarily for office premises, vehicles and equipment. At May 25, 2019, the Company had no capital leases. Future minimum rental commitments under operating leases as follows (in thousands):







 

 

 



 

 

 



 

Operating

Years Ending:

 

Leases

May 30, 2020

 

$

12,828 

May 29, 2021

 

 

11,737 

May 28, 2022

 

 

9,811 

May 27, 2023

 

 

7,934 

May 25, 2024

 

 

6,352 

Thereafter

 

 

6,043 

Total

 

$

54,705 



Rent expense for the years ended May 25, 2019,  May 26, 2018 and May 27, 2017 totaled $15.5 million, $13.7 million and $12.9 million, respectively. Rent expense is recognized on a straight-line basis over the term of the lease, including during any rent holiday periods.



The Company leases approximately 13,000 square feet of the approximately 57,000 square foot Company owned building located in Irvine, California to independent third parties and has operating lease agreements for sub-let space with independent third parties expiring through fiscal 2025. Rent income for the years ended May 25, 2019, May 26, 2018 and May 27, 2017 totaled $240,000,  $305,000 and $332,000 million, respectively. Under the terms of these operating lease agreements, rental income from such third-party leases is expected to be $414,000,  $368,000,  $306,000,  $226,000 and $232,000 in fiscal 2020 through 2024, respectively, and $78,000 thereafter.

 



Legal Proceedings



The Company is involved in certain legal matters in the ordinary course of business. In the opinion of management, all such matters, if disposed of unfavorably, would not have a material adverse effect on the Company’s financial position, cash flows or results of operations.