Leases

9 Months Ended

Feb. 29, 2020

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):

	13 Weeks Ended February 29, 2020		39 Weeks Ended February 29, 2020
Operating Lease cost	$	237	$	635
Finance Lease cost
Amortization of right-of-use asset	$	38	$	115
Interest on lease obligations	$	10	$	33
Short term lease cost	$	921	$	2,649

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

	As of February 29, 2020
	Operating Leases		Finance Leases
Remainder fiscal 2020	$	235	$	60
2021	930		239
2022	806		239
2023	919		239
2024	130		219
Thereafter	31		—
Total	3,051		996
Less imputed interest	(325)		(88)
Total	$	2,726	$	908

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

	As of February 29, 2020
	Operating Leases		Finance Leases
Weighted-average remaining lease term (years)	3.7		3.8
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):

	13 Weeks Ended February 29, 2020		39 Weeks Ended February 29, 2020
Operating Lease cost	$	237	$	635
Finance Lease cost
Amortization of right-of-use asset	$	38	$	115
Interest on lease obligations	$	10	$	33
Short term lease cost	$	921	$	2,649

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

	As of February 29, 2020
	Operating Leases		Finance Leases
Remainder fiscal 2020	$	235	$	60
2021	930		239
2022	806		239
2023	919		239
2024	130		219
Thereafter	31		—
Total	3,051		996
Less imputed interest	(325)		(88)
Total	$	2,726	$	908

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

	As of February 29, 2020
	Operating Leases		Finance Leases
Weighted-average remaining lease term (years)	3.7		3.8
Weighted-average discount rate	5.9	%	4.9	%