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Leases
 6 Months Ended
Nov. 28, 2020
Leases [Abstract]  
Leases 5. Leases

The Company currently leases office space, vehicles and certain equipment under operating leases. The following table summarizes components of the total lease cost, which were included within selling, general and administrative expenses in the Consolidated Statements of Operations (in thousands):

Three Months Ended

Six Months Ended

November 28, 2020

November 23, 2019

November 28, 2020

November 23, 2019

Operating lease cost

$

2,745

$

3,036

$

5,618

$

6,116

Short-term lease cost

29

120

92

198

Variable lease cost

681

596

1,248

1,200

Sublease income

(222)

(185)

(444)

(306)

Total lease cost

$

3,233

$

3,567

$

6,514

$

7,208

Supplemental cash flow information related to the Company’s operating leases were as follows (in thousands): 

Three Months Ended

Six Months Ended

November 28, 2020

November 23, 2019

November 28, 2020

November 23, 2019

Cash paid for amounts included in the measurement of operating lease liabilities

$

3,683

$

3,230

$

6,957

$

6,559

Right-of-use assets obtained in exchange for new operating lease obligations

$

535

$

2,924

$

1,555

$

4,384

The weighted average remaining lease term and weighted average discount rate for the Company’s operating leases were as follows:

As of

As of

November 28, 2020

May 30, 2020

Weighted average remaining lease term

4.1 years

4.3 years

Weighted average discount rate

3.98%

4.09%

The maturities of operating lease liabilities were as follows as of November 28, 2020 (in thousands):

Years Ending:

Operating Lease Maturity

May 29, 2021

$

6,301

May 28, 2022

11,291

May 27, 2023

8,923

May 25, 2024

7,156

May 31, 2025

3,474

Thereafter

3,376

Total minimum payments

$

40,521

Less: discount

(3,109)

Present value of operating lease liabilities

$

37,412

 

The Company owns its headquarters office building located in Irvine, California and leases approximately 13,000 square feet of the approximately 57,000 square feet building to independent third parties under operating lease agreements expiring through fiscal 2025. Rental income recognized totaled $55,000 and $70,000 for the three months ended November 28, 2020 and November 23, 2019, respectively, and $110,000 and $106,000 for the six months ended November 28, 2020 and November 23, 2019, respectively. Under the terms of these operating lease agreements, rental income is expected to be $107,000, $219,000, $226,000, $232,000 and $78,000 in the remaining six months of fiscal 2021 and fiscal years 2022 through 2025, respectively. Rental income is included in selling, general and administrative expenses in the Consolidated Statements of Operations.