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Leases (Tables)
9 Months Ended
Jan. 26, 2025
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 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

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

 

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

 

 

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

 

 

Summary of weighted average remaining lease term and discount rate

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

%