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Leases (Tables) | 12 Months Ended
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Jan. 25, 2025
Leases [Abstract] |
Lease, Cost | The following table summarizes the components of lease cost recognized in the consolidated statement of operations for fiscal 2025 and fiscal 2024 (dollars in thousands):
| Fiscal Year Ended
| January 25, 2025 |  | January 27, 2024
Lease cost under long-term operating leases | $ | 46,151 |  |  | $ | 38,497 |
Lease cost under short-term operating leases | 17,119 |  |  | 23,048 |
Variable lease cost under short-term and long-term operating leases(1) | 3,725 |  |  | 3,695 |
Total lease cost | $ | 66,995 |  |  | $ | 65,240 |
(1) Variable lease cost primarily includes insurance, maintenance, and other operating expenses related to our leased office facilities. Our operating lease liabilities related to long-term operating leases were $112.8 million and $76.1 million as of January 25, 2025 and January 27, 2024, respectively. Supplemental balance sheet information related to these liabilities is as follows:
| January 25, 2025 |  | January 27, 2024
Weighted average remaining lease term | 4.6 years |  | 2.8 years
Weighted average discount rate | 5.8 | % |  | 5.0 | %
Supplemental cash flow information related to our long-term operating lease liabilities as of January 25, 2025 and January 27, 2024 is as follows (dollars in thousands):
| Fiscal Year Ended
| January 25, 2025 |  | January 27, 2024
Cash paid for amounts included in the measurement of lease liabilities | $ | 41,574 |  |  | $ | 36,677 |
Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $ | 76,833 |  |  | $ | 44,602 |
Operating Lease, Liability, Maturity | As of January 25, 2025, maturities of our lease liabilities under our long-term operating leases for the next five fiscal years and thereafter are as follows (dollars in thousands):
Fiscal Year |  | Amount
2026 |  | $ | 36,120 |
2027 |  | 30,836 |
2028 |  | 19,402 |
2029 |  | 13,071 |
2030 |  | 8,241 |
Thereafter |  | 25,223 |
Total lease payments |  | 132,893 |
Less: imputed interest |  | (20,142) |
Total |  | $ | 112,751 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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