v3.26.3
Lease Obligations (Tables)
3 Months Ended
Aug. 29, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Net Assets and Liabilities Related to Operating Leases

The gross amounts of assets and liabilities related to operating leases on August 29, 2026 and May 30, 2026 were as follows (in thousands):

 

Lease Type

 

August 29, 2026

 

 

May 30, 2026

 

Right of use lease assets, net

 

$

3,520

 

 

$

1,389

 

Lease liabilities current

 

 

1,049

 

 

 

787

 

Lease liabilities non-current

 

 

2,471

 

 

 

602

 

Components of Lease Costs

The components of lease costs were as follows (in thousands):

 

 

 

 

Three Months Ended

 

 

 

 

 

August 29, 2026

 

 

August 30, 2025

 

Consolidated operating lease expense

 

Selling, general and administrative expenses

 

$

435

 

 

$

399

 

 

Schedule of Future Minimum Lease Payments under Operating Leases

The approximate future minimum lease payments under operating leases at August 29, 2026 were as follows (in thousands):

Fiscal Year

 

Operating Leases

 

Remaining 2027

 

$

944

 

2028

 

 

955

 

2029

 

 

739

 

2030

 

 

532

 

2031

 

 

519

 

Thereafter

 

 

95

 

     Total lease payments

 

 

3,784

 

Less imputed interest

 

 

264

 

     Net minimum lease payments

 

$

3,520

 

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 August 29, 2026 and August 30, 2025 were as follows:

Operating Lease as of:

 

Weighted Average Remaining
Lease Term in Years

 

Weighted Average Interest Rate

August 29, 2026

 

4.0

 

5.2%

August 30, 2025

 

2.2

 

5.3%

Schedule of Cash Activities Associated with our Leases

The cash activities associated with our leases for the three month periods ended August 29, 2026 and August 30, 2025 were as follows (in thousands):

 

 

 

 

Three Months Ended

 

Cash Flow Source

 

Classification

 

August 29, 2026

 

 

August 30, 2025

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

Operating activities

 

$

348

 

 

$

333