The Company currently leases office space, vehicles and certain equipment under operating leases through fiscal 2030. In addition, the Company owns its headquarters office building located in Irvine, California and leases approximately 13,000 square feet of the approximately 57,000 square feet of the building to independent third parties pursuant to operating lease agreements with terms through fiscal 2025.

Lease cost components included within selling, general and administrative expenses in the Consolidated Statements of Operations were as follows (in thousands):


	Three Months Ended				Six Months Ended
	November 25, 2023		November 26, 2022		November 25, 2023		November 26, 2022
Operating lease cost (1)	$	1,852	$	1,944	$	3,716	$	3,473
Short-term lease cost		45		7		102		32
Variable lease cost		435		343		808		589
Sublease income (2)		(202)		(141)		(331)		(289)
Total lease cost	$	2,130	$	2,153	$	4,295	$	3,805

(1) Operating lease cost for the six months ended November 26, 2022 includes a $0.4 million reduction resulting from a one-time settlement of a lease liability involving an office space.

(2) Sublease income does not include rental income received from owned property, which is not material.

The weighted-average lease term and weighted-average discount rate for operating leases as of November 25, 2023 and May 27, 2023 are presented in the following table:


	As of	As of
	November 25, 2023	May 27, 2023
Weighted-average remaining lease term	3.6 years	3.4 years
Weighted-average discount rate	4.35%	3.97%

Cash flow and other noncash information related to operating leases is included in the following table (in thousands):


	Three Months Ended				Six Months Ended
	November 25, 2023		November 26, 2022		November 25, 2023		November 26, 2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	2,120	$	2,303	$	4,329	$	4,776
Right-of-use assets obtained in exchange for new operating lease obligations	$	1,937	$	388	$	2,920	$	3,989

Future maturities of operating lease liabilities as of November 25, 2023 are presented in the following table (in thousands):


Fiscal Years:	Operating Lease Maturity
2024 (remaining six months)	$	3,980
2025		5,030
2026		3,470
2027		2,204
2028		1,871
Thereafter		1,369
Total future lease payments		17,924
Less: interest		(1,375)
Present value of operating lease liabilities	$	16,549