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.

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

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.