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Leases | 12 Months Ended
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Apr. 27, 2025
Assets And Liabilities Lessee [Abstract] |
Leases | 13. LEASES Leases Overview As of April 27, 2025, we leased manufacturing facilities, showroom and office space, distribution centers, and equipment under operating leases. Our operating leases have remaining lease terms of one to seven years, with renewal options for additional periods ranging up to nine years. Balance Sheet The right of use assets and lease liabilities associated with our operating leases as of April 27, 2025, and April 28, 2024, are as follows:
(dollars in thousands) |  | April 27, 2025 |  |  | April 28, 2024 |
Right of use assets |  | $ | 5,908 |  |  | $ | 6,203 |
Operating lease liability - current |  |  | 2,394 |  |  |  | 2,061 |
Operating lease liability – noncurrent |  |  | 2,535 |  |  |  | 2,422 |
Supplemental Cash Flow Information
(dollars in thousands) | 2025 |  |  | 2024 |  |  | 2023 |
Operating lease liability payments | $ | 2,391 |  |  | $ | 2,663 |  |  | $ | 2,497 |
Right of use assets exchanged for lease liabilities |  | 2,837 |  |  |  | 978 |  |  |  | 731 |
Operating lease costs were $2.9 million, $3.1 million, and $3.6 million during fiscal 2025, 2024, and 2023, respectively. Short-term lease costs were $13,000, $34,000, and $44,000 during fiscal 2025, 2024, and 2023, respectively. Variable lease expense was immaterial for each of fiscal 2025, 2024, and 2023. As of April 27, 2025, the weighted average remaining lease term and discount rate for our operating leases follows:
Weighted average lease term |  | 2.92 years |
Weighted average discount rate |  |  | 5.55 | %
As of April 28, 2024, the weighted average remaining lease term and discount rate for our operating leases follows:
Weighted average lease term |  | 3.77 years |
Weighted average discount rate |  |  | 3.71 | %
Other Information Maturity of our operating lease liabilities for the next five fiscal years and thereafter follows:
(dollars in thousands) |  | Amount |
2026 |  | $ | 2,593 |
2027 |  |  | 1,554 |
2028 |  |  | 388 |
2029 |  |  | 227 |
2030 |  |  | 229 |
Thereafter |  |  | 348 |
|  |  | 5,339 |
Less: interest |  |  | (410 | )
Present value of lease liabilities |  | $ | 4,929 |
Related Party Lease - Mattress Fabrics Segment On March 23, 2023, we terminated an agreement with a partnership owned by an immediate family member of an officer of the company, pursuant to which we leased a 63,522 square foot facility for our domestic mattress cover operation. Prior to the termination of the lease agreement, rent payments totaled $123,000 during fiscal 2023. In accordance with the termination of the lease agreement, we were reimbursed $67,000 during fiscal 2023 for leasehold improvements we made to the leased property.

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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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