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Leases
 9 Months Ended
Nov. 02, 2025
Disclosure Text Block [Abstract]  
Lessee, Operating Leases [Text Block]

10. Leases

 

We have operating leases for warehouses, showrooms, manufacturing facilities, offices and equipment. Sub-lease income totaled $12,000 in the third quarter and $212,000 for the nine-month period of fiscal 2026, compared with $36,000 and $107,000, respectively, in the comparable fiscal 2025 periods. The sub-lease income was related to the showroom and warehouse which served the discontinued PFC and SLF businesses.

The components of lease cost and supplemental cash flow information for leases for the third quarters and nine months of fiscal 2026 and 2025 were:

 

   Thirteen Weeks Ended   Thirty-Nine Weeks Ended 
   November 2, 2025   October 27, 2024   November 2, 2025   October 27, 2024 
Operating lease cost  $1,664   $1,674   $4,975   $4,975 
Variable lease cost   76    73    239    262 
Short-term lease cost   47    68    146    270 
Total operating lease cost  $1,787   $1,815   $5,360   $5,507 
                     
Operating cash outflows  $1,734   $1,725   $5,207   $5,234 

 

The right-of-use assets and lease liabilities recorded on our condensed consolidated balance sheets as of November 2, 2025 and February 2, 2025 were as follows:

 

   November 2, 2025   February 2, 2025 
Real estate  $23,592   $38,329 
Property and equipment   777    935 
Total operating leases right-of-use assets  $24,369   $39,264 
           
Current portion of operating lease liabilities  $5,432   $6,311 
Long term operating lease liabilities   20,838    35,331 
Total operating lease liabilities  $26,270   $41,642 

 

The weighted-average discount rate is 4.86%. The weighted-average remaining lease term is 5.7 years as of November 2, 2025.

 

The following table reconciles the undiscounted future lease payments for operating leases to the operating lease liabilities recorded in the condensed consolidated balance sheet on November 2, 2025:

 

   Undiscounted Future Operating Lease Payments 
Remainder of fiscal 2026  $1,649 
2027   6,563 
2028   4,685 
2029   3,915 
2030   3,881 
2031 and thereafter   9,746 
Total lease payments  $30,439 
Less: impact of discounting   (4,169)
Present value of lease payments  $26,270