v3.24.2
Leases (Tables)
 12 Months Ended
May 25, 2024
Lessee Disclosure [Abstract]  
Lease Cost Components
Lease cost components included within selling, general and administrative expenses in the Consolidated Statements of Operations were as follows (in thousands):
For the Years Ended
May 25, 2024May 27, 2023May 28, 2022
Operating lease cost$7,280 $7,242 $8,766 
Short-term lease cost192 118 89 
Variable lease cost1,586 1,279 22 
Sublease income (1)
(740)(516)(994)
Total lease cost$8,318 $8,123 $7,883 
(1)Sublease income does not include rental income received from owned property.
Lease Term and Discount Rate
The weighted-average lease terms and discount rates for operating leases are presented in the following table:
As of
May 25, 2024		As of
May 27, 2023
Weighted-average remaining lease term3.5 years3.4 years
Weighted-average discount rate4.37%3.97%
Supplemental Cash Flow Information Related to Operating Leases
Cash flow and other information related to operating leases is included in the following table (in thousands):
For the Years Ended
May 25, 2024May 27, 2023May 28, 2022
Cash paid for amounts included in the measurement of operating lease liabilities$8,406 $9,258 $11,187 
Right-of-use assets obtained in exchange for new operating lease obligations$3,707 $4,688 $1,748 
Maturities of Operating Lease Liabilities
Future maturities of operating lease liabilities at May 25, 2024 are presented in the following table (in thousands):
Fiscal YearsOperating Lease Maturity
2025$5,482 
20263,589 
20272,329 
20281,938 
20291,113 
Thereafter305 
Total future lease payments14,756 
Less: interest(1,435)
Present value of operating lease liabilities$13,321