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Leases
9 Months Ended
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 EndedNine Months Ended
(in thousands)October 27, 2024October 29, 2023October 27, 2024October 29, 2023
Operating lease cost$1,801 $2,181 $5,497 $6,497 
Short-term lease cost22 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, 2024October 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 leases7.0 %
Supplemental balance sheet information related to leases was as follows:
(in thousands)October 27, 2024January 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 
20267,543 
20275,643 
20285,128 
20294,244 
Thereafter5,982 
Total lease payments31,134 
Less: imputed interest(5,185)
Total$25,949