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 six years, with renewal options for additional periods ranging up to twelve years.

The right of use assets and lease liabilities associated with our operating leases as of August 3, 2025, July 28, 2024, and April 27, 2025, are as follows:



(dollars in thousands)	August 3, 2025		July 28, 2024		April 27, 2025
Right of use assets	$	5,162	$	4,483	$	5,908
Operating lease liability - current		2,209		1,565		2,394
Operating lease liability – long-term		1,995		2,219		2,535

Supplemental Cash Flow Information


	Three Months Ended		Three Months Ended
(dollars in thousands)	August 3, 2025		July 28, 2024
Operating lease liability payments	$	746	$	592
Right of use assets exchanged for lease liabilities		—		—

Operating lease expense for the three-month periods ended August 3, 2025, and July 28, 2024, was $735,000 and $791,000, respectively. Short-term lease and variable lease expenses were immaterial for the three-month periods ended August 3, 2025, and July 28, 2024, respectively

Other Information

Maturity of our operating lease liabilities for the remainder of fiscal 2026, the subsequent four fiscal years, and thereafter follows:


(dollars in thousands)
2026		1,798
2027		1,562
2028		388
2029		227
2030		229
Thereafter		348
	$	4,552
Less: interest		(348	)
Present value of lease liabilities	$	4,204

As of August 3, 2025, the weighted average remaining lease term and discount rate for our operating leases follows:


	August 3, 2025
Weighted average lease term (in years)	2.82
Weighted average discount rate		5.55	%