v3.26.1
Lines of Credit (Tables)
3 Months Ended
Aug. 02, 2026
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 2,
2026

 

August 3,
2025

 

May 3,
2026

 

Wells Fargo - U.S. revolving line of credit

$

 

$

7,025

 

$

7,000

 

Agricultural Bank of China - supplier financing arrangements

 

2,962

 

 

2,780

 

 

1,893

 

Agricultural Bank of China - 21.0 million RMB working capital loan

 

3,109

 

 

2,919

 

 

3,071

 

Agricultural Bank of China - 29.0 million RMB working capital loan

 

4,293

 

 

 

 

4,241

 

Agricultural Bank of China - revolving line of credit

 

 

 

4,031

 

 

 

Bank of China - working capital loan

 

1,480

 

 

1,390

 

 

1,462

 

China Construction Bank Corporation - working capital loan

 

1,480

 

 

 

 

1,462

 

Lines of credit (1)

$

13,324

 

$

18,145

 

$

19,129

 

 

(1) As of August 2, 2026, all $13.3 million was recorded within lines of credit - current within the Consolidated Balance Sheet.

As of August 3, 2025, $11.1 million and $7.0 million were recorded within lines of credit - current and line of credit - long-term, respectively. As of May 3, 2026, $12.1 million and $7.0 million were recorded within lines of credit - current and line of credit - long-term, respectively.

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 2, 2026, and August 3, 2025:

 

 

Three months ended

 

 

Three months ended

 

(dollars in thousands)

 

August 2, 2026

 

 

August 3, 2025

 

Outstanding at the beginning of the period

 

$

1,893

 

 

$

2,751

 

Vendor invoices financed during the period

 

 

2,940

 

 

 

 

Vendor invoices paid during the period

 

 

(1,893

)

 

 

 

Foreign currency exchange rate remeasurement

 

 

22

 

 

 

29

 

Ending balance

 

$

2,962

 

 

$

2,780