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Leases | 3 Months Ended
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Jul. 31, 2022
Assets And Liabilities Lessee [Abstract] |
Leases | 14. Leases Overview We lease manufacturing facilities, showroom and office space, distribution centers, and equipment under operating lease arrangements. Our operating leases have remaining lease terms of one to nine years, with renewal options for additional periods ranging up to twelve years. Balance Sheet The right of use assets and lease liabilities associated with our operating leases as of July 31, 2022, August 1, 2021, and May 1, 2022, are as follows:
(dollars in thousands) |  | July 31, 2022 |  |  | August 1, 2021 |  |  | May 1, 2022 |
Right of use assets |  | $ | 14,556 |  |  | $ | 11,447 |  |  | $ | 15,577 |
Operating lease liability - current |  |  | 3,126 |  |  |  | 2,727 |  |  |  | 3,219 |
Operating lease liability – noncurrent |  |  | 6,160 |  |  |  | 6,665 |  |  |  | 7,062 |
Supplemental Cash Flow Information
|  | Three Months Ended |  |  | Three Months Ended |
(dollars in thousands) |  | July 31, 2022 |  |  | August 1, 2021 |
Operating lease liability payments |  | $ | 920 |  |  | $ | 717 |
Right of use assets exchanged for lease liabilities |  |  | — |  |  |  | 547 |
Operating lease expense for the three-month periods ended July 31, 2022, and August 1, 2021, was $1.1 million and $876,000, respectively. Short-term lease and variable lease expenses were immaterial for the three-month periods ended July 31, 2022, and August 1, 2021. Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2023, the subsequent next four fiscal years, and thereafter follows:
(dollars in thousands) |  |  |  |
2023 |  | $ | 2,376 |
2024 |  |  | 2,956 |
2025 |  |  | 1,925 |
2026 |  |  | 493 |
2027 |  |  | 457 |
Thereafter |  |  | 1,410 |
|  | $ | 9,617 |
Less: interest |  |  | (331 | )
Present value of lease liabilities |  | $ | 9,286 |
As of July 31, 2022, the weighted average remaining lease term and discount rate for our operating leases follows:
|  | July 31, 2022 |
Weighted average lease term |  | 4.4 years |
Weighted average discount rate |  |  | 1.76 | %

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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