Leases

3 Months Ended

Aug. 29, 2020

Leases [Abstract]

Leases

Leases

Expenses related to operating leases, amortization of finance leases, right-of-use 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 August 29, 2020
Operating Lease cost	$	237
Finance Lease cost
Amortization of right-of-use asset	$	38
Interest on lease obligations	$	9
Short term lease cost	$	853

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

	As of August 29, 2020
	Operating Leases		Finance Leases
Remainder fiscal 2021	$	695	$	180
2022	806		239
2023	539		239
2024	380		218
2025	130		—
2026	26		—
Thereafter	5		—
Total	2,581		876
Less imputed interest	(249)		(69)
Total	$	2,332	$	807

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 29, 2020
	Operating Leases		Finance Leases
Weighted-average remaining lease term (years)	3.3		3.3
Weighted-average discount rate	5.9	%	4.9	%

Leases

Leases

Expenses related to operating leases, amortization of finance leases, right-of-use 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 August 29, 2020
Operating Lease cost	$	237
Finance Lease cost
Amortization of right-of-use asset	$	38
Interest on lease obligations	$	9
Short term lease cost	$	853

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

	As of August 29, 2020
	Operating Leases		Finance Leases
Remainder fiscal 2021	$	695	$	180
2022	806		239
2023	539		239
2024	380		218
2025	130		—
2026	26		—
Thereafter	5		—
Total	2,581		876
Less imputed interest	(249)		(69)
Total	$	2,332	$	807

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 29, 2020
	Operating Leases		Finance Leases
Weighted-average remaining lease term (years)	3.3		3.3
Weighted-average discount rate	5.9	%	4.9	%