v3.26.1
Leases (Tables)
3 Months Ended
Aug. 02, 2026
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 2, 2026, August 3, 2025 and May 3, 2026, are as follows:

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

August 2,
2026

 

 

August 3,
2025

 

 

May 3,
2026

 

Right of use assets

 

$

2,642

 

 

$

5,162

 

 

$

2,984

 

Operating lease liability - current

 

 

765

 

 

 

2,209

 

 

 

956

 

Operating lease liability – long-term

 

 

916

 

 

 

1,995

 

 

 

1,027

 

Supplemental Cash Flow Information

Supplemental Cash Flow Information

 

 

 

Three months
ended

 

 

Three months
ended

 

(dollars in thousands)

 

August 2,
2026

 

 

August 3,
2025

 

Operating lease liability payments

 

$

307

 

 

$

746

 

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 2027, the subsequent four fiscal years, and thereafter follows:

 

 

(dollars in thousands)

 

 

 

2027

 

$

668

 

2028

 

 

388

 

2029

 

 

227

 

2030

 

 

229

 

2031

 

 

231

 

Thereafter

 

 

114

 

 

$

1,857

 

Less: interest

 

 

(176

)

Present value of lease liabilities

 

$

1,681

 

Summary of Weighted Average Remaining Lease Term and Discount Rate

As of August 2, 2026, the weighted average remaining lease term and discount rate for our operating leases follows:

 

 

 

August 2, 2026

 

Weighted average lease term (in years)

 

3.49

 

Weighted average discount rate

 

 

5.56

%