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): | | | | | | | | | Nine Months Ended | | Nine Months Ended | | | January 31, | | January 25, | | | 2026 | | 2025 | Operating lease cost | | $ | 18,889 | | $ | 7,379 | Short term lease cost | | | 980 | | | 398 | Variable lease cost | | | 2,796 | | | 1,212 | Sublease income | | | — | | | — | Total lease costs, net | | $ | 22,665 | | $ | 8,989 |
Supplemental lease information was as follows: | | | | | | | | | Nine Months Ended | | Nine Months Ended | | | January 31, | | January 25, | | | 2026 | | 2025 | | | (In thousands) | | (In thousands) | Cash paid for amounts included in the measurement of operating lease liabilities | | $ | 16,176 | | $ | 7,328 | Right-of-use assets obtained in exchange for new lease liabilities | | $ | 4,297 | | $ | 7,112 | | | | | | | | Weighted average remaining lease term | | | 72 months | | | 50 months | Weighted average discount rate | | | 6.9% | | | 5.6% |
Maturities of operating lease liabilities as of January 31, 2026 were as follows (in thousands): | | | | Fiscal Year | | | | 2026 | | $ | 2,590 | 2027 | | | 24,122 | 2028 | | | 22,538 | 2029 | | | 19,402 | 2030 | | | 15,261 | Thereafter | | | 40,167 | Total lease payments | | $ | 124,080 | Less: imputed interest | | | (25,944) | Total present value of operating lease liabilities | | $ | 98,136 |
|