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Leases (Tables)
6 Months Ended
Nov. 23, 2024
Lessee Disclosure [Abstract]  
Lease Cost Components Lease cost components included within selling, general and administrative expenses in the Consolidated Statements of Operations were as follows (in thousands):
 Three Months EndedSix Months Ended
November 23, 2024November 25, 2023November 23,
2024
November 25,
2023
Operating lease cost
$1,725 $1,852 $3,452 $3,716 
Short-term lease cost121 45 200 102 
Variable lease cost365 435 746 808 
Sublease income (1)
(179)(202)(358)(331)
Total lease cost$2,032 $2,130 $4,040 $4,295 
(1)Sublease income does not include rental income received from owned property, which is not material.
Lease Term and Discount Rate
The weighted-average lease term and weighted-average discount rate for operating leases as of November 23, 2024 and May 25, 2024 are presented in the following table:
As of
November 23, 2024
As of
May 25, 2024
Weighted-average remaining lease term6.4 years3.5 years
Weighted-average discount rate5.07%4.37%
Supplemental Cash Flow Information Related to Operating Leases
Cash flow and other noncash information related to operating leases is included in the following table (in thousands):
 Three Months EndedSix Months Ended
 November 23, 2024November 25, 2023November 23,
2024
November 25,
2023
Cash paid for amounts included in the measurement of operating lease liabilities$1,754 $2,120 $3,446 $4,329 
Right-of-use assets obtained in exchange for new operating lease obligations$2,789 $1,937 $15,874 $2,920 
Maturities of Operating Lease Liabilities
Future maturities of operating lease liabilities as of November 23, 2024 are presented in the following table (in thousands):
Fiscal Years:Operating Lease Maturity
2025 (remaining six months)$3,392 
20265,976 
20274,872 
20284,484 
20293,638 
Thereafter10,624 
Total future lease payments32,986 
Less: interest(5,230)
Present value of operating lease liabilities$27,756