We leased manufacturing facilities, showroom and office space, distribution centers, and equipment under operating leases. 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 May 3, 2026, and April 27, 2025, are as follows:


(dollars in thousands)	May 3, 2026		April 27, 2025
Right of use assets	$	2,984	$	5,908
Operating lease liability - current		956		2,394
Operating lease liability – long-term		1,027		2,535

Supplemental Cash Flow Information


(dollars in thousands)	2026		2025		2024
Operating lease liability payments	$	2,084	$	2,391	$	2,663
Right of use assets exchanged for lease liabilities		—		2,837		978

Operating lease costs were $2.2 million, $2.9 million, and $3.1 million during fiscal 2026, 2025, and 2024, respectively. Short-term lease costs were $182,000, $13,000, and $34,000 during fiscal 2026, 2025, and 2024, respectively. Variable lease expense was immaterial for each of fiscal 2026, 2025, and 2024.

As of May 3, 2026, the weighted average remaining lease term and discount rate for our operating leases follows:


Weighted average lease term	3.4 years
Weighted average discount rate		5.53	%

As of April 27, 2025, the weighted average remaining lease term and discount rate for our operating leases follows:


Weighted average lease term	2.9 years
Weighted average discount rate		5.55	%

Other Information

Maturity of our operating lease liabilities for the next five fiscal years and thereafter follows:


(dollars in thousands)	Amount
2027	$	995
2028		388
2029		227
2030		229
2031		229
Thereafter		116
		2,184
Less: interest		(201	)
Present value of lease liabilities	$	1,983