Leases

12 Months Ended

Jan. 26, 2025

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 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:


	Fiscal Year Ended
(in thousands)	January 26, 2025		January 28, 2024
Operating lease cost	$	7,278	$	8,505
Short-term lease cost	219		1,734

Less: sublease income	(552)		(644)
Total lease cost	$	6,945	$	9,595

Supplemental cash flow information related to leases was as follows:


	Fiscal Year Ended
(in thousands)	January 26, 2025		January 28, 2024
Cash paid for amounts included in the measurement of lease liabilities	$	7,899	$	8,523
Right-of-use assets obtained in exchange for new operating lease liabilities	$	3,509	$	3,086
Right-of-use asset impairment (1)	$	—	$	3,884

(1) Right-of-use asset impairment relates to abandonments classified as restructuring (see Note 17, Restructuring).



	January 26, 2025
Weighted-average remaining lease term - operating leases (in years)	4.8
Weighted-average discount rate on remaining lease payments - operating leases	7.0	%

Supplemental balance sheet information related to leases was as follows:



(in thousands)	January 26, 2025		January 28, 2024
Operating lease right-of-use assets in "Other Assets"	$	21,729	$	23,870

Operating lease liabilities in "Accrued Liabilities"	$	6,006	$	6,560
Operating lease liabilities in "Other long-term Liabilities"	18,502		22,033
Total operating lease liabilities	$	24,508	$	28,593

Maturities of lease liabilities as of January 26, 2025 are as follows:


(in thousands)
Fiscal Year Ending:
2026	$	7,515
2027	5,848
2028	5,228
2029	4,201
2030	2,594
Thereafter	3,438
Total lease payments	28,824
Less: imputed interest	(4,316)
Total	$	24,508