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Leases | 6 Months Ended
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Oct. 29, 2023
Assets and Liabilities, Lessee [Abstract] |
Leases | 16. 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 eight 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 October 29, 2023, October 30, 2022, and April 30, 2023, are as follows:
(dollars in thousands) |  | October 29, 2023 |  |  | October 30, 2022 |  |  | April 30, 2023 |
Right of use assets |  | $ | 6,874 |  |  | $ | 11,609 |  |  | $ | 8,191 |
Operating lease liability - current |  |  | 2,540 |  |  |  | 2,655 |  |  |  | 2,640 |
Operating lease liability – noncurrent |  |  | 2,431 |  |  |  | 4,194 |  |  |  | 3,612 |
Supplemental Cash Flow Information
|  | Six Months Ended |  |  | Six Months Ended |
(dollars in thousands) |  | October 29, 2023 |  |  | October 30, 2022 |
Operating lease liability payments |  | $ | 1,330 |  |  | $ | 1,068 |
Right of use assets exchanged for lease liabilities |  |  | 157 |  |  |  | — |
Operating lease expense for the three-month periods ended October 29, 2023, and October 30, 2022, was $781,000 and $959,000, respectively. Operating lease expense for the six-month periods ended October 29, 2023, and October 30, 2022, was $1.6 million and $2.0 million, respectively. Short-term lease and variable lease expenses were immaterial for the three-month and six-month periods ended October 29, 2023, and October 30, 2022. Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2024, the subsequent next four fiscal years, and thereafter follows:
(dollars in thousands) |  |  |
2024 |  | $ | 1,269 |
2025 |  |  | 1,917 |
2026 |  |  | 638 |
2027 |  |  | 342 |
2028 |  |  | 225 |
Thereafter |  |  | 804 |
|  | $ | 5,195 |
Less: interest |  |  | (224 | )
Present value of lease liabilities |  | $ | 4,971 |
As of October 29, 2023, the weighted average remaining lease term and discount rate for our operating leases follows:
|  | October 29, 2023 |
Weighted average lease term (in years) |  | 3.79 |
Weighted average discount rate |  |  | 3.46 | %

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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