We lease the majority of our office facilities as well as certain equipment, all of which are accounted for as operating leases. These leases have remaining terms ranging from less than 1 year to approximately 12 years. Some leases include options to extend the lease for up to 5 years and others include options to terminate.

The following table summarizes the components of lease cost recognized in the condensed consolidated statements of operations for the three months ended May 2, 2026 and April 26, 2025 (dollars in thousands):


	For the Three Months Ended
	May 2, 2026		April 26, 2025
Lease cost under long-term operating leases	$	15,587	$	12,982
Lease cost under short-term operating leases	5,202		3,724
Variable lease cost under short-term and long-term operating leases(1)	1,854		1,191
Total lease cost	$	22,643	$	17,897

(1) Variable lease cost primarily includes insurance, maintenance, and other operating expenses related to our leased office facilities.

Our operating lease liabilities related to long-term operating leases were $183.2 million as of May 2, 2026 and $177.5 million as of January 31, 2026. Supplemental balance sheet information related to these liabilities is as follows:


	May 2, 2026		January 31, 2026
Weighted average remaining lease term	6.2 years		6.0 years
Weighted average discount rate	5.7	%	5.8	%

Supplemental cash flow information related to our long-term operating lease liabilities for the three months ended May 2, 2026 and April 26, 2025 is as follows (dollars in thousands):


	For the Three Months Ended
	May 2, 2026		April 26, 2025
Cash paid for amounts included in the measurement of lease liabilities	$	17,749	$	12,231
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$	19,762	$	10,913

As of May 2, 2026, maturities of our lease liabilities under our long-term operating leases for the next five fiscal years and thereafter are as follows (dollars in thousands):


Fiscal Year	Amount
Remainder of 2027	$	37,518
2028	43,107
2029	34,087
2030	23,916
2031	18,148
2032	12,932
Thereafter	51,992
Total lease payments	221,700
Less: imputed interest	(38,479)
Total	$	183,221