Leases

3 Months Ended

Aug. 31, 2019

Leases [Abstract]

Leases

Leases

Expenses related to operating leases, amortization of finance lease ROU assets and finance lease interest are included in Cost of sales, Selling general and administrative expense, and interest income, net in the Condensed Consolidated Statements of Operations. The Company’s lease cost consists of the following (in thousands):

	Thirteen weeks ended August 31, 2019
Operating Lease cost	$197
Finance Lease cost
Amortization of right-of-use asset	$38
Interest on lease obligations	$12
Short term lease cost	$434

Future minimum lease payments under non-cancelable leases are as follows (in thousands):

	As of August 31, 2019
	Operating Leases		Finance Leases
Remainder fiscal 2020	$563		$180
2021	685		239
2022	554		239
2023	403		239
2024	44		218
Thereafter	31		—
Total	2,280		1,115
Less imputed interest	(232	)	(110	)
Total	$2,048		$1,005

The weighted-average remaining lease term and discount rate for lease liabilities included in our Condensed Consolidated Balance Sheet are as follows:

	As of August 31, 2019
	Operating Leases		Finance Leases
Weighted-average remaining lease term (years)	3.5		5.0
Weighted-average discount rate	5.9	%	4.9	%

Leases

Leases

Expenses related to operating leases, amortization of finance lease ROU assets and finance lease interest are included in Cost of sales, Selling general and administrative expense, and interest income, net in the Condensed Consolidated Statements of Operations. The Company’s lease cost consists of the following (in thousands):

	Thirteen weeks ended August 31, 2019
Operating Lease cost	$197
Finance Lease cost
Amortization of right-of-use asset	$38
Interest on lease obligations	$12
Short term lease cost	$434

Future minimum lease payments under non-cancelable leases are as follows (in thousands):

	As of August 31, 2019
	Operating Leases		Finance Leases
Remainder fiscal 2020	$563		$180
2021	685		239
2022	554		239
2023	403		239
2024	44		218
Thereafter	31		—
Total	2,280		1,115
Less imputed interest	(232	)	(110	)
Total	$2,048		$1,005

The weighted-average remaining lease term and discount rate for lease liabilities included in our Condensed Consolidated Balance Sheet are as follows:

	As of August 31, 2019
	Operating Leases		Finance Leases
Weighted-average remaining lease term (years)	3.5		5.0
Weighted-average discount rate	5.9	%	4.9	%