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Leases | 12 Months Ended
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May 31, 2025
Commitments and Contingencies Disclosure [Abstract] |
Leases | 8. LEASES The Company leases real and personal property in the normal course of business under various operating leases. The Company uses operating leases for facility space and automobiles. Most of the leased facility space is for sales and general office use. Automobile leases are used throughout the Company. 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 upon a remeasurement event. The gross amounts of assets and liabilities related to operating leases on May 31, 2025 and June 1, 2024 were as follows (in thousands):
Lease Type |  | May 31, 2025 |  |  | June 1, 2024 |
Right of use lease assets |  | $ | 2,276 |  |  | $ | 2,760 |
Lease liabilities current |  | $ | 1,171 |  |  | $ | 1,169 |
Lease liabilities non-current |  | $ | 1,105 |  |  | $ | 1,591 |
The components of lease costs for fiscal 2025, fiscal 2024 and fiscal 2023 were as follows (in thousands):
|  |  |  | Fiscal Year Ended |
Lease Type |  | Classification |  | May 31, 2025 |  |  | June 1, 2024 |  |  | May 27, 2023 |
Consolidated operating lease expense |  | Operating expenses |  | $ | 1,610 |  |  | $ | 1,745 |  |  | $ | 1,721 |
Rent expenses for fiscal 2025, fiscal 2024 and fiscal 2023 were $1.4 million, $1.5 million, and $1.5 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 |
2026 |  | $ | 1,258 |
2027 |  |  | 691 |
2028 |  |  | 293 |
2029 |  |  | 161 |
Total lease payments |  |  | 2,403 |
Lease inputted interest |  |  | 127 |
Net minimum lease payments |  | $ | 2,276 |
The weighted average remaining lease terms and interest rates of leases held by the Company as of May 31, 2025 and June 1, 2024 were as follows:
Operating Leases as of: |  | Weighted Average Remaining Lease Term in Years |  | Weighted Average Interest Rate
May 31, 2025 |  | 4.1 |  | 5.1%
June 1, 2024 |  | 2.9 |  | 4.5%
The cash activities associated with our leases for fiscal 2025, fiscal 2024 and fiscal 2023 were as follows (in thousands):
|  |  |  | Fiscal Year Ended |
Cash Flow Source |  | Classification |  | May 31, 2025 |  |  | June 1, 2024 |  |  | May 27, 2023 |
Operating cash flows from operating leases |  | Operating activities |  | $ | 1,384 |  |  | $ | 1,329 |  |  | $ | 566 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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