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Lease Obligations and Other Commitments (Tables)

12 Months Ended

May 29, 2021

Commitments And Contingencies Disclosure [Abstract]

Schedule of Gross Amount Assets and Liabilities Related to Operating and Financing Leases

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

Components of Lease Costs

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

Schedule of Future Minimum Lease Payments under Operating and Financing Leases

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

Schedule of Weighted Average Remaining Lease Terms and Interest Rates of Leases

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

Lease Type

Weighted Average Remaining

Lease Term in Years

Weighted Average

Interest Rate

Operating leases

2.7

4.6%

Financing leases

0.9

4.6%

Schedule of Cash Outflows of Leasing Activity

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