v3.25.2
Leases (Tables)
3 Months Ended
Aug. 03, 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 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

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

 

 

 

 

 

 

Summary of Maturity of Operating Lease Liabilities

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

 

Summary of Weighted Average Remaining Lease Term and Discount Rate

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

%