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Leases (Tables)

9 Months Ended

Feb. 02, 2020

Assets And Liabilities Lessee [Abstract]

Summary of right of use asset and lease liabilities

The right of use asset and lease liabilities associated with our operating leases as of February 2, 2020, and April 29, 2019, are as follows:

(dollars in thousands)		February 2, 2020				(1) April 29, 2019
Right of use asset		$	5,524			$	7,191
Operating lease liability - current			2,227				2,629
Operating lease liability – noncurrent			3,160				4,473

(1) Represents adoption date of Topic 842.

Supplemental Cash Flow Information

Supplemental Cash Flow Information

(dollars in thousands)		Three Months Ended February 2, 2020				Nine Months Ended February 2, 2020
Operating lease liability payments		$	671			$	2,079
Right of use assets exchanged for lease liabilities			322				344

Leases-Other Information

Other Information

Maturity of our operating lease liabilities for the remainder of fiscal 2020, the next subsequent four fiscal years, and thereafter follows:

(dollars in thousands)
2020		$	590
2021			2,161
2022			1,207
2023			767
2024			659
Thereafter			347
		$	5,731
Less: interest			(344	)
Present value of lease liabilities		$	5,387

Summary of weighted average remaining lease term and discount rate

As of February 2, 2020, the weighted average remaining lease term and discount rate for our operating leases follows:

Weighted average lease term		3.4 years
Weighted average discount rate			3.76	%

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
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Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
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