Leases

9 Months Ended

Oct. 29, 2021

LEASES

The Company recorded operating lease costs for facilities of approximately $1.4 million and $4.1 million for the three and nine months ended October 29, 2021, respectively, and $1.5 million and $4.6 million for the three and nine months ended October 30, 2020, respectively. Operating lease costs include expenses in connection with variable lease costs of $0.1 million and $0.2 million for the three and nine months ended October 29, 2021, respectively, and $0.2 million and $0.5 million for the three and nine months ended October 30, 2020, respectively, which primarily consisted of utilities and common area charges.

The Company recorded operating lease costs for equipment leases of approximately $0.1 million and $0.3 million for the three and nine months ended October 29, 2021, respectively, and $0.1 million and $1.2 million for the three and nine months ended October 30, 2020, respectively. Equipment lease costs included short-term lease costs of $0.1 million and $0.3 million for the three and nine months ended October 29, 2021, respectively, and $0.1 million and $1.0 million for the three and nine months ended October 30, 2020, respectively. Lease expense for equipment was included in cost of revenues.

Cash paid for amounts included in the measurement of operating lease liabilities was $1.6 million and $5.2 million for the three and nine months ended October 29, 2021, respectively, and $1.5 million and $3.3 million for the three and nine months ended October 30, 2020, respectively.

Weighted-average information associated with the measurement of the Company’s remaining operating lease obligations is as follows:


	October 29, 2021
Weighted-average remaining lease term	4.6 years
Weighted-average discount rate	5.35	%

The following table summarizes the maturity of the Company's operating lease liabilities as of October 29, 2021 (in thousands):


Fiscal Years Ending	October 29, 2021
2022	$	1,722
2023	6,395
2024	6,048
2025	5,239
2026	4,592
Thereafter	4,131
Total operating lease payments	$	28,127
Less imputed interest	(3,219)
Total operating lease liabilities	$	24,908

The Company's leases have remaining lease terms of 7 months to 5.2 years, inclusive of renewal or termination options that the Company is reasonably certain to exercise.