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Other Income, Net | 3 Months Ended
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Apr. 27, 2024
Other Income and Expenses [Abstract] |
Other Income, Net | Other Income, Net The components of other income, net, were as follows (dollars in thousands):
| For the Three Months Ended |  |  |
| April 27, 2024 |  | April 29, 2023 |  |  |  |  |
Gain on sale of fixed assets | $ | 12,404 |  |  | $ | 7,816 |  |  |  |  |  |
Miscellaneous expense, net | (3,153) |  |  | (2,825) |  |  |  |  |  |
Other income, net | $ | 9,251 |  |  | $ | 4,991 |  |  |  |  |  |
We participate in a vendor payment program sponsored by one of our customers. Eligible accounts receivable from this customer are included in the program and payment is received pursuant to a non-recourse sale to a bank partner. This program effectively reduces the time to collect these receivables as compared to that customer’s standard payment terms. We incur a discount fee to the bank on the payments received that is included as an expense component in miscellaneous expense, net, in the table above.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
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