v3.25.2
Leases (Tables)
12 Months Ended
May 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Gross Amount Assets and Liabilities Related to Operating Leases

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

 

Components of Lease Costs

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

 

Schedule of Future Minimum Lease Payments under Operating 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

 

2026

 

$

1,258

 

2027

 

 

691

 

2028

 

 

293

 

2029

 

 

161

 

Total lease payments

 

 

2,403

 

Lease inputted interest

 

 

127

 

Net minimum lease payments

 

$

2,276

 

 

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 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%

Schedule of Cash Activities Associated with our Leases

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