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Leases (Tables)
9 Months Ended
Jan. 28, 2024
Assets and Liabilities, Lessee [Abstract]  
Summary of right of use assets and lease liabilities

The right of use assets and lease liabilities associated with our operating leases as of January 28, 2024, January 29, 2023, and April 30, 2023, are as follows:

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

January 28,
2024

 

 

January 29,
2023

 

 

April 30,
2023

 

Right of use assets

 

$

6,952

 

 

$

8,913

 

 

$

8,191

 

Operating lease liability - current

 

 

2,524

 

 

 

2,785

 

 

 

2,640

 

Operating lease liability – noncurrent

 

 

2,656

 

 

 

4,399

 

 

 

3,612

 

Supplemental Cash Flow Information

Supplemental Cash Flow Information

 

 

 

Nine Months
Ended

 

 

Nine Months
Ended

 

(dollars in thousands)

 

January 28, 2024

 

 

January 29, 2023

 

Operating lease liability payments

 

$

1,992

 

 

$

1,704

 

Right of use assets exchanged for lease liabilities

 

 

978

 

 

 

731

 

Leases-Other Information

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

 

 

614

 

2025

 

 

2,248

 

2026

 

 

950

 

2027

 

 

609

 

2028

 

 

225

 

Thereafter

 

 

804

 

 

$

5,450

 

Less: interest

 

 

(270

)

Present value of lease liabilities

 

$

5,180

 

Summary of weighted average remaining lease term and discount rate

As of January 28, 2024, the weighted average remaining lease term and discount rate for our operating leases follows:

 

 

 

January 28, 2024

 

Weighted average lease term (in years)

 

3.72

 

Weighted average discount rate

 

 

4.00

%