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Leases | 9 Months Ended
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Oct. 27, 2024
Leases [Abstract] |
Leases | Leases The Company has operating leases for real estate, vehicles, and office equipment, which are accounted for in accordance with ASC 842, "Leases." 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 eight years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year. The components of lease expense were as follows:
| Three Months Ended |  | Nine Months Ended
(in thousands) | October 27, 2024 |  | October 29, 2023 |  | October 27, 2024 |  | October 29, 2023
Operating lease cost | $ | 1,801 |  |  | $ | 2,181 |  |  | $ | 5,497 |  |  | $ | 6,497 |
Short-term lease cost | 22 |  |  | 380 |  |  | 186 |  |  | 1,473 |
Sublease income | (136) |  |  | (163) |  |  | (432) |  |  | (483) |
Total lease cost | $ | 1,687 |  |  | $ | 2,398 |  |  | $ | 5,251 |  |  | $ | 7,487 |
Supplemental cash flow information related to leases was as follows:
| Nine Months Ended
(in thousands) | October 27, 2024 |  | October 29, 2023
Cash paid for amounts included in the measurement of lease liabilities | $ | 6,051 |  |  | $ | 6,415 |
Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 2,603 |  |  | $ | 3,050 |
| October 27, 2024
Weighted-average remaining lease term–operating leases (in years) | 4.9
Weighted-average discount rate on remaining lease payments–operating leases | 7.0 | %
Supplemental balance sheet information related to leases was as follows:
(in thousands) | October 27, 2024 |  | January 28, 2024
Operating lease right-of-use assets in "Other assets" | $ | 22,323 |  |  | $ | 23,870 |
Operating lease liabilities in "Accrued liabilities" | $ | 6,508 |  |  | $ | 6,560 |
Operating lease liabilities in "Other long-term liabilities" | 19,441 |  |  | 22,033 |
Total operating lease liabilities | $ | 25,949 |  |  | $ | 28,593 |
Maturities of lease liabilities as of October 27, 2024 are as follows:
(in thousands) |
Fiscal Year Ending: |
2025 (remaining three months) | $ | 2,594 |
2026 | 7,543 |
2027 | 5,643 |
2028 | 5,128 |
2029 | 4,244 |
Thereafter | 5,982 |
Total lease payments | 31,134 |
Less: imputed interest | (5,185) |
Total | $ | 25,949 |

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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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