Leases (Tables)

9 Months Ended

Oct. 27, 2024

Leases [Abstract]

Expense Components Leases Reflected Consolidated Statement of Operations

	Consolidated Statement	Three Months Ended				Nine Months Ended
	of Operations	October 27, 2024		October 29, 2023		October 27, 2024		October 29, 2023
(in thousands)
Finance lease expenses
Amortization of right-of-use ‎assets	Selling, general and ‎administrative expenses	$	722	$	840	$	2,374	$	2,520
Interest on lease liabilities	Interest expense		382		423		1,189		1,292
Total finance lease expense		$	1,104	$	1,263	$	3,563	$	3,812
Operating lease expense	Selling, general and ‎administrative expenses	$	6,921	$	5,074	$	17,516	$	15,175
Amortization of build-to-suit ‎leases capital contribution	Selling, general and ‎administrative expenses		321		321		963		963
Variable lease expense	Selling, general and ‎administrative expenses		3,091		2,685		9,052		8,158
Total lease expense		$	11,437	$	9,343	$	31,094	$	28,108

Other Information Related to Leases

	Nine Months Ended
	October 27, 2024		October 29, 2023
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases	$	2,109	$	2,116
Operating cash flows from finance leases	$	1,189	$	1,293
Operating cash flows from operating leases	$	16,092	$	15,562
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	-	$	5,174
Weighted-average remaining lease term (in years):
Finance leases		10		11
Operating leases		7		8
Weighted-average discount rate:
Finance leases		4.5%		4.4%
Operating leases		4.2%		4.2%

Future Minimum Lease Payments Under Non-Cancellable Leases

Fiscal year	Finance		Operating
(in thousands)
2024 (remainder of fiscal year)	$	987		4,938
2025		3,972		19,183
2026		3,993		18,465
2027		3,993		17,193
2028		4,017		15,391
Thereafter		25,215		44,696
Total future minimum lease payments	$	42,177	$	119,866
Less – Discount		(8,403)		(15,986)
Lease liability	$	33,774	$	103,880