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Leases | 9 Months Ended
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Jan. 26, 2025
Assets and Liabilities, Lessee [Abstract] |
Leases | 17. 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 seven 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 January 26, 2025, January 28, 2024, and April 28, 2024, are as follows:
(dollars in thousands) |  | January 26, 2025 |  |  | January 28, 2024 |  |  | April 28, 2024 |
Right of use assets |  | $ | 6,103 |  |  | $ | 6,952 |  |  | $ | 6,203 |
Operating lease liability - current |  |  | 2,025 |  |  |  | 2,524 |  |  |  | 2,061 |
Operating lease liability – noncurrent |  |  | 3,127 |  |  |  | 2,656 |  |  |  | 2,422 |
Supplemental Cash Flow Information
|  | Nine Months Ended |  |  | Nine Months Ended |
(dollars in thousands) |  | January 26, 2025 |  |  | January 28, 2024 |
Operating lease liability payments |  | $ | 1,694 |  |  | $ | 1,992 |
Right of use assets exchanged for lease liabilities |  |  | 2,660 |  |  |  | 978 |
Operating lease expense for the three-month periods ended January 26, 2025, and January 28, 2024, was $683,000 and $789,000, respectively. Operating lease expense for the nine-month periods ended January 26, 2025, and January 28, 2024, was $2.1 million and $2.3 million, respectively. Short-term lease and variable lease expenses were immaterial for the three-month and nine-month periods ended January 26, 2025, and January 28, 2024. 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 |  |  | 655 |
2026 |  |  | 2,217 |
2027 |  |  | 1,556 |
2028 |  |  | 388 |
2029 |  |  | 227 |
Thereafter |  |  | 576 |
|  | $ | 5,619 |
Less: interest |  |  | (467 | )
Present value of lease liabilities |  | $ | 5,152 |
As of January 26, 2025, the weighted average remaining lease term and discount rate for our operating leases follows:
|  | January 26, 2025 |
Weighted average lease term (in years) |  | 3.24 |
Weighted average discount rate |  |  | 5.50 | %

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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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