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Leases (Tables)

3 Months Ended

Jul. 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 July 28, 2024, July 30, 2023, and April 28, 2024, are as follows:

(dollars in thousands)		July 28, 2024				July 30, 2023				April 28, 2024
Right of use assets		$	4,483			$	7,466			$	6,203
Operating lease liability - current			1,565				2,558				2,061
Operating lease liability – noncurrent			2,219				2,994				2,422

Supplemental Cash Flow Information

Supplemental Cash Flow Information

		Three Months Ended				Three Months Ended
(dollars in thousands)		July 28, 2024				July 30, 2023
Operating lease liability payments		$	592			$	656
Right of use assets exchanged for lease liabilities			—				—

Leases-Other Information

Other Information

Maturity of our operating lease liabilities for the remainder of fiscal 2025, the subsequent next four fiscal years, and thereafter follows:

(dollars in thousands)
2025			1,390
2026			942
2027			608
2028			225
2029			227
Thereafter			577
		$	3,969
Less: interest			(185	)
Present value of lease liabilities		$	3,784

Summary of weighted average remaining lease term and discount rate

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

		July 28, 2024
Weighted average lease term (in years)		3.99
Weighted average discount rate			3.49	%

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Lessee Operating Lease Right Of Use Assets And Liabilities

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Weighted Average Lease Term And Discount Rate

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- Definition

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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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Tabular disclosure of supplemental cash flow information for the periods presented.

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