Leases

3 Months Ended

May 02, 2021

The Company has operating leases for real estate, vehicles, and office equipment. Real estate leases are used to secure office space for the Company's administrative, engineering, production support and manufacturing activities. The Company's leases have remaining lease terms of up to approximately 10 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year.

The components of lease expense were as follows:


	Three Months Ended
(in thousands)	May 2, 2021		April 26, 2020
Operating lease cost	$	1,337	$	1,177
Short-term lease cost	244		—
Sublease income	(20)		(33)
Total lease cost	$	1,561	$	1,144

Supplemental cash flow information related to leases was as follows:


	Three Months Ended
(in thousands)	May 2, 2021		April 26, 2020
Cash paid for amounts included in the measurement of lease liabilities	$	1,731	$	1,144
Right-of-use assets obtained in exchange for new operating lease liabilities	$	33	$	6,073



	May 2, 2021
Weighted-average remaining lease term–operating leases (in years)	5.87
Weighted-average discount rate on remaining lease payments–operating leases	7.2	%

Supplemental balance sheet information related to leases was as follows:



(in thousands)	May 2, 2021		January 31, 2021
Operating lease right-of-use assets in "Other assets"	$	15,302	$	16,337

Operating lease liabilities in "Accrued liabilities"	$	3,459	$	3,975
Operating lease liabilities in "Other long-term liabilities"	12,358		13,172
Total operating lease liabilities	$	15,817	$	17,147

Maturities of lease liabilities as of May 2, 2021 are as follows:


(in thousands)
Fiscal Year Ending:
2022 (remaining nine months)	$	3,285
2023	3,469
2024	3,060
2025	2,943
2026	2,129
Thereafter	4,549
Total lease payments	19,435
Less: imputed interest	(3,618)
Total	$	15,817