XML 56 R43.htm IDEA: XBRL DOCUMENT

Leases (Tables)

3 Months Ended

Aug. 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 August 2, 2020, August 4, 2019, and May 3, 2020, are as follows:

			(1)
(dollars in thousands)	August 2, 2020		August 4, 2019		May 3, 2020
Right of use asset	$	6,443	$	6,530	$	3,903
Operating lease liability - current		2,387		2,456		1,805
Operating lease liability – noncurrent		4,214		3,955		2,016

(1)

As of August 4, 2019, right of use assets totaled $6.5 million, of which $5.5 million and $1.0 million were classified as right of use asset and within noncurrent assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet. At August 4, 2019, operating lease liabilities totaled $6.4 million, of which $2.3 million, $186,000, $3.1 million, and $874,000 were classified as operating lease liability – current, within current liabilities – discontinued operation, operating lease liability – long-term, and within noncurrent liabilities – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Supplemental Cash Flow Information

	Three Months Ended
(dollars in thousands)	August 2, 2020
Operating lease liability payments	$	445
Right of use assets exchanged for lease liabilities		3,154

	Three Months Ended
(dollars in thousands)	August 4, 2019
Operating lease liability payments	$	657
Right of use assets exchanged for lease liabilities		—

Leases-Other Information

Other Information

Maturity of our operating lease liabilities for the remainder of fiscal 2021, the subsequent next four fiscal years, and thereafter follows:

(dollars in thousands)
2021	$	2,050
2022		1,765
2023		1,350
2024		1,079
2025		663
Thereafter		—
	$	6,907
Less: interest		(306	)
Present value of lease liabilities	$	6,601

Summary of weighted average remaining lease term and discount rate

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

	August 2, 2020
Weighted average lease term	3.5 years
Weighted average discount rate		2.78	%

As of August 4, 2019, the weighted average remaining lease term and discount rate for our operating leases follows:

	August 4, 2019
Weighted average lease term	3.5 years
Weighted average discount rate		3.82	%