v3.25.2
Lines of Credit (Tables)
 3 Months Ended
Aug. 03, 2025
Debt Disclosure [Abstract]  
Summary of Outstanding Borrowings Under Lines of Credit

The summary of outstanding borrowings under our lines of credit follows:

 

(dollars in thousands)

August 3,
2025

 

July 28,
2024

 

April 27,
2025

 

Wells Fargo - U.S. revolving line of credit

$

7,025

 

$

—

 

$

4,600

 

Agricultural Bank of China - revolving line of credit

 

4,031

 

 

4,017

 

 

3,988

 

Agricultural Bank of China - supplier financing arrangements

 

2,780

 

 

—

 

 

2,751

 

Agricultural Bank of China - working capital loan

 

2,919

 

 

—

 

 

—

 

Bank of China - working capital loan

 

1,390

 

 

—

 

 

1,375

 

Lines of credit (1)

$

18,145

 

$

4,017

 

$

12,714

 

 

(1) Of the total $18.1 million, $11.1 million and $7.0 million were recorded within lines of credit - current and lines of credit - long-term, respectively, within the Consolidated Balance Sheet as of August 3, 2025. The total $4.0 million was recorded within lines of credit - current within the Consolidated Balance Sheet as of July 28, 2024. Of the total $12.7 million, $8.1 million and $4.6 million were recorded within lines of credit - current and lines of credit - long-term, respectively, within the Consolidated Balance Sheet as of April 27, 2025.
Summary of the Activity Associated With Supply Chain Financing Arrangements

The following summarizes the activity associated with our supply chain financing arrangements for the three-month periods ended August 3, 2025 and July 28, 2024:

 

 

 

Three Months

 

 

Three Months

 

(dollars in thousands)

 

August 3, 2025

 

 

July 28, 2024

 

Outstanding at the beginning of the year

 

$

2,751

 

 

$

—

 

Vendor invoices financed during the year

 

 

—

 

 

 

—

 

Vendor invoices paid during the year

 

 

—

 

 

 

—

 

Foreign currency exchange rate remeasurement

 

 

29

 

 

 

—

 

Ending balance

 

$

2,780

 

 

$

—