XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.25.2

Leases (Tables) | 6 Months Ended
--- | ---
Jul. 26, 2025
Leases [Abstract] |
Lease Cost, Supplemental Balance Sheet, and Supplemental Cash Flows | The following table summarizes the components of lease cost recognized in the condensed consolidated statements of operations for the three and six months ended July 26, 2025 and July 27, 2024 (dollars in thousands):
| For the Three Months Ended |  | For the Six Months Ended
| July 26, 2025 |  | July 27, 2024 |  | July 26, 2025 |  | July 27, 2024
Lease cost under long-term operating leases | $ | 12,537 |  |  | $ | 10,903 |  |  | $ | 25,518 |  |  | $ | 21,364 |
Lease cost under short-term operating leases | 4,000 |  |  | 4,386 |  |  | 7,724 |  |  | 8,380 |
Variable lease cost under short-term and long-term operating leases(1) | 1,118 |  |  | 913 |  |  | 2,308 |  |  | 2,005 |
Total lease cost | $ | 17,655 |  |  | $ | 16,202 |  |  | $ | 35,550 |  |  | $ | 31,749 |
(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 $117.8 million as of July 26, 2025 and $112.8 million as of January 25, 2025. Supplemental balance sheet information related to these liabilities is as follows:
| July 26, 2025 |  | January 25, 2025
Weighted average remaining lease term | 4.8 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 and six months ended July 26, 2025 and July 27, 2024 is as follows (dollars in thousands):
| For the Three Months Ended |  | For the Six Months Ended
| July 26, 2025 |  | July 27, 2024 |  | July 26, 2025 |  | July 27, 2024
Cash paid for amounts included in the measurement of lease liabilities | $ | 7,279 |  |  | $ | 11,458 |  |  | $ | 20,208 |  |  | $ | 20,886 |
Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $ | 11,000 |  |  | $ | 9,336 |  |  | $ | 21,913 |  |  | $ | 22,922 |
Operating Lease Liability Maturity Schedule | As of July 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 |  | $ | 21,043 |
2027 |  | 38,901 |
2028 |  | 25,451 |
2029 |  | 15,435 |
2030 |  | 8,860 |
2031 |  | 4,339 |
Thereafter |  | 22,646 |
Total lease payments |  | 136,675 |
Less: imputed interest |  | (18,883) |
Total |  | $ | 117,792 |

X
- 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
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration