The Company leases real and personal property in the normal course of business under various operating and financing leases. The Company has two types of operating leases: leases for facility space and leases for automobiles. Most of the leased facility space is for sales and general office use. Automobile leases are used throughout the Company. The financing lease is used for our computer servers

The new standard was effective for the Company on June 2, 2019. The FASB issued ASU 2018-11, targeted improvements to Topic 842, which includes an option to not restate comparative periods in transition and elect to use the effective date of Topic 842 as the date of initial application of transition. We adopted the new standard applying the new transition method allowed under ASU 2018-11. As a result of adopting Topic 842, at June 2, 2019, we recognized operating right-of-use assets of $3.6 million, financing right-of-use assets of $0.5 million, operating lease liabilities of $3.8 million and financing lease liabilities of $0.5 million. Several leases include renewal clauses which vary in length and may not include specific rent renewal amounts. The Company will revise the value of the right of use assets and associated lease liabilities when the Company is reasonably certain it will renew the lease. The standard did not have a material impact on our results of operations or cash flows.

The gross amounts of assets and liabilities related to both operating and financing leases at May 29, 2021 and May 30, 2020 were as follows (in thousands):

Lease Type	May 29, 2021		May 30, 2020
Operating lease ROU asset	$	2,262	$	3,018
Financing lease ROU asset		308		401
Total Lease ROU asset	$	2,570	$	3,419

Operating lease liability current	$	918	$	1,329
Financing lease liability current		148		156
Total lease liability current	$	1,066	$	1,485

Operating lease liability non-current	$	1,358	$	1,778
Financing lease liability non-current		-		163
Total lease liability non-current	$	1,358	$	1,941

The components of lease costs for fiscal 2021 and fiscal 2020 were as follows (in thousands):

Lease Type	Classification	Fiscal Year Ended May 29, 2021		Fiscal Year Ended May 30, 2020
Consolidated operating lease expense	Operating expenses	$	1,939	$	1,963

Consolidated financing lease amortization	Operating expenses		92		62
Consolidated financing lease interest	Interest expense		11		22
Consolidated financing lease expense			103		84

Net lease cost		$	2,042	$	2,047

Rent expense for fiscal 2021, fiscal 2020 and fiscal 2019 was $1.7 million, $1.8 million, and $1.7 million, respectively.

Our future lease commitments for minimum rentals, including common area maintenance charges and property taxes during the next five years are as follows (in thousands):

Fiscal Year	Operating Leases		Financing Leases		Total
2022	$	993	$	151	$	1,144
2023		713		—		713
2024		441		—		441
2025		210		—		210
2026		38		—		38
Thereafter		36		—		36
Total lease payments		2,431		151		2,582
Less imputed interest		155		3		158
Net minimum lease payments	$	2,276	$	148	$	2,424

The weighted average remaining lease terms and interest rates of leases held by the Company as of May 29, 2021 were as follows:

The cash outflows of the leasing activity of the Company as lessee for fiscal 2021 and fiscal 2020 were as follows (in thousands):

		Fiscal Year Ended
Cash Flow Source	Classification	May 29, 2021		May 30, 2020
Operating cash flows from operating leases	Operating activities	$	831	$	924
Operating cash flows from financing leases	Operating activities		170		149
Finance cash flows from financing leases	Financing activities		181		166