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Leases | 3 Months Ended
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Apr. 26, 2025
Leases [Abstract] |
Leases | Leases We lease the majority of our office facilities as well as certain equipment, all of which are accounted for as operating leases. These leases have remaining terms ranging from less than 1 year to approximately 11 years. Some leases include options to extend the lease for up to 5 years and others include options to terminate. The following table summarizes the components of lease cost recognized in the condensed consolidated statements of operations for the three months ended April 26, 2025 and April 27, 2024 (dollars in thousands):
| For the Three Months Ended |  |
| April 26, 2025 |  | April 27, 2024 |  |  |  |
Lease cost under long-term operating leases | $ | 12,982 |  |  | $ | 10,460 |  |  |  |  |
Lease cost under short-term operating leases | 3,724 |  |  | 3,994 |  |  |  |  |
Variable lease cost under short-term and long-term operating leases(1) | 1,191 |  |  | 1,092 |  |  |  |  |
Total lease cost | $ | 17,897 |  |  | $ | 15,546 |  |  |  |  |
(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 $113.1 million as of April 26, 2025 and $112.8 million as of January 25, 2025. Supplemental balance sheet information related to these liabilities is as follows:
| April 26, 2025 |  | January 25, 2025
Weighted average remaining lease term | 4.6 years |  | 4.6 years
Weighted average discount rate | 5.8 | % |  | 5.8 | %
Supplemental cash flow information related to our long-term operating lease liabilities for the three months ended April 26, 2025 and April 27, 2024 is as follows (dollars in thousands):
| For the Three Months Ended |  |
| April 26, 2025 |  | April 27, 2024 |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities | $ | 12,231 |  |  | $ | 11,053 |  |  |  |  |
Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $ | 10,913 |  |  | $ | 13,586 |  |  |  |  |
As of April 26, 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
Remainder of 2026 |  | $ | 26,790 |
2027 |  | 35,295 |
2028 |  | 22,587 |
2029 |  | 14,059 |
2030 |  | 8,331 |
2031 |  | 3,969 |
Thereafter |  | 21,230 |
Total lease payments |  | 132,261 |
Less: imputed interest |  | (19,193) |
Total |  | $ | 113,068 |
As of April 26, 2025, the Company had additional operating leases with total lease costs of $0.4 million that have not yet commenced. These leases will commence in fiscal 2026.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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