11. Leases The components of lease costs recorded in cost of sales and selling, general and administrative (“SG&A”) expense were as follows (in thousands): | | | | | | | | | Three Months Ended | | Three Months Ended | | | August 2, | | July 27, | | | 2025 | | 2024 | Operating lease cost | | $ | 6,850 | | $ | 2,430 | Short term lease cost | | | 993 | | | 155 | Variable lease cost | | | 899 | | | 423 | Sublease income | | | — | | | — | Total lease costs, net | | $ | 8,742 | | $ | 3,008 |
Supplemental lease information was as follows: | | | | | | | | | Three Months Ended | | Three Months Ended | | | August 2, | | July 27, | | | 2025 | | 2024 | | | (In thousands) | | (In thousands) | Cash paid for amounts included in the measurement of operating lease liabilities | | $ | 4,780 | | $ | 2,550 | Right-of-use assets obtained in exchange for new lease liabilities | | $ | 2,326 | | $ | 239 | | | | | | | | Weighted average remaining lease term | | | 80 months | | | 49 months | Weighted average discount rate | | | 6.8% | | | 5.4% |
Maturities of operating lease liabilities as of August 2, 2025 were as follows (in thousands): | | | | Fiscal Year | | | | 2026 | | $ | 15,145 | 2027 | | | 23,651 | 2028 | | | 21,609 | 2029 | | | 18,512 | 2030 | | | 14,375 | Thereafter | | | 39,369 | Total lease payments | | $ | 132,661 | Less: imputed interest | | | (28,656) | Total present value of operating lease liabilities | | $ | 104,005 |
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