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Leases
 12 Months Ended
May 28, 2022
Leases [Abstract]  
Leases 7. Leases

Lease cost components included within selling, general and administrative expenses in the Consolidated Statements of Operations were as follows (amounts in thousands):

For the Years Ended

May 28, 2022

May 29, 2021

May 30, 2020

Operating lease cost

$

8,766

$

10,604

$

12,308

Short-term lease cost

89

202

345

Variable lease cost

22

2,585

2,808

Sublease income (1)

(994)

(913)

(610)

Total lease cost

$

7,883

$

12,478

$

14,851

(1)Sublease income does not include rental income received from owned property.

The weighted-average lease terms and discount rates for operating leases are presented in the following table:

As of

As of

May 28, 2022

May 29, 2021

Weighted average remaining lease term

3.3 years

3.7 years

Weighted average discount rate

3.81%

3.92%

Cash flow and other information related to operating leases is included in the following table (amounts in thousands):

For the Years Ended

May 28, 2022

May 29, 2021

May 30, 2020

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

$

11,187

$

13,206

$

13,311

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

$

1,748

$

2,235

$

3,452

Future maturities of operating lease liabilities at May 28, 2022 are presented in the following table (amounts in thousands):

Fiscal Years

Operating Lease Maturity

2023

$

8,828

2024

6,822

2025

3,293

2026

1,893

2027

1,092

Thereafter

968

Total minimum payments

22,896

Less: interest

1,351

Present value of operating lease liabilities

$

21,545

The Company leases approximately 13,000 square feet of the approximately 57,000 square feet of a company-owned building located in Irvine, California to independent third parties and has operating lease agreements for sublet space with independent third parties expiring through fiscal 2025. Rental income received for the years ended May 28, 2022, May 29, 2021 and May 30, 2020 totaled $199,000, $162,000 and $210,000, respectively. Under the terms of these operating lease agreements, rental income from such third-party leases is expected to be $219,000, $219,000, and $77,000 in fiscal 2023 through 2025, respectively.