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Leases (Tables) | 9 Months Ended
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Aug. 04, 2023
Leases [Abstract] |
Supplemental Cash Flow and Other Lease Information | The following table presents the lease expense incurred on the company’s operating, short-term, and variable leases:
|  | Three Months Ended |  | Nine Months Ended
(Dollars in thousands) |  | August 4, 2023 |  | July 29, 2022 |  | August 4, 2023 |  | July 29, 2022
Operating lease expense |  | $ | 6,117 |  |  | $ | 3,833 |  |  | $ | 19,047 |  |  | $ | 16,304 |
Short-term lease expense |  | 1,543 |  |  | 303 |  |  | 3,455 |  |  | 3,445 |
Variable lease expense |  | 50 |  |  | 12 |  |  | 132 |  |  | 12 |
Total lease expense |  | $ | 7,710 |  |  | $ | 4,148 |  |  | $ | 22,634 |  |  | $ | 19,761 |
The following table presents supplemental cash flow information related to the company's operating leases:
|  | Nine Months Ended
(Dollars in thousands) |  | August 4, 2023 |  | July 29, 2022
Operating cash flows for amounts included in the measurement of lease liabilities |  | $ | 16,477 |  |  | $ | 14,129 |
Right-of-use assets obtained in exchange for lease obligations |  | $ | 54,065 |  |  | $ | 18,236 |
The following table presents other lease information related to the company's operating leases:
|  | August 4, 2023 |  | July 29, 2022 |  | October 31, 2022
Weighted-average remaining lease term of operating leases in years |  | 9.2 |  | 6.2 |  | 6.0
Weighted-average discount rate of operating leases |  | 4.12 | % |  | 2.99 | % |  | 3.53 | %
Future Minimum Operating Lease Payments | The following table reconciles the total undiscounted future cash flows based on the anticipated future minimum operating lease payments by fiscal year for the company's operating leases to the present value of operating lease liabilities recorded within the Condensed Consolidated Balance Sheets as of August 4, 2023:
(Dollars in thousands) |  | August 4, 2023
2023 (remaining) |  | $ | 4,112 |
2024 |  | 23,287 |
2025 |  | 21,269 |
2026 |  | 15,574 |
2027 |  | 12,078 |
Thereafter |  | 68,393 |
Total future minimum operating lease payments |  | 144,713 |
Less: imputed interest |  | 25,664 |
Present value of operating lease liabilities |  | $ | 119,049 |

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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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- References No definition available. + 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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