Leases

3 Months Ended

Apr. 27, 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 approximately seven 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
(in thousands)	April 27, 2025		April 28, 2024
Operating lease cost	$	1,769	$	1,889
Short-term lease cost	17		144
Sublease income	(127)		(155)
Total lease cost	$	1,659	$	1,878

Supplemental cash flow information related to leases was as follows:


	Three Months Ended
(in thousands)	April 27, 2025		April 28, 2024
Cash paid for amounts included in the measurement of lease liabilities	$	1,953	$	2,083
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2,517	$	—


	April 27, 2025
Weighted-average remaining lease term–operating leases (in years)	4.8
Weighted-average discount rate on remaining lease payments–operating leases	6.9	%

Supplemental balance sheet information related to leases was as follows:



(in thousands)	April 27, 2025		January 26, 2025
Operating lease right-of-use assets in "Other assets"	$	22,968	$	21,729

Operating lease liabilities in "Accrued liabilities"	$	6,448	$	6,006
Operating lease liabilities in "Other long-term liabilities"	19,836		18,502
Total operating lease liabilities	$	26,284	$	24,508

Maturities of lease liabilities as of April 27, 2025 are as follows:


(in thousands)
Fiscal Year Ending:
2026 (remaining nine months)	$	5,648
2027	7,062
2028	5,908
2029	4,847
2030	3,295
Thereafter	4,340
Total lease payments	31,100
Less: imputed interest	(4,816)
Total	$	26,284