Commitments and Contingencies (Tables)

12 Months Ended

May 03, 2020

Commitments And Contingencies Disclosure [Abstract]

Summary of right of use asset and lease liabilities

The right of use asset and lease liabilities associated with our operating leases as of May 3, 2020, and April 29, 2019, are as follows:

(dollars in thousands)	May 3, 2020		(1) April 29, 2019
Right of use asset	$	3,903	$	7,191
Operating lease liability - current		1,805		2,629
Operating lease liability – noncurrent		2,016		4,473

(1) Amounts represent right of use assets and lease liabilities recorded in our Consolidated Balance Sheet in connection with the adoption of Topic 842 on April 29, 2019. These amounts include a right of use asset and a corresponding lease liability totaling $1.1 million that were associated with our former home accessories segment. As disclosed in Note 3 located in the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. As a result, there were no right of use assets and corresponding lease liabilities associated with our former home accessories segment as of May 3, 2020.

Supplemental Cash Flow Information

Supplemental Cash Flow Information

(dollars in thousands)	2020
Operating lease liability payments	$	2,524
Right of use assets exchanged for lease liabilities		344

Summary of weighted average remaining lease term and discount rate

As of May 3, 2020, the weighted average remaining lease term and discount rate for our operating leases follows:

Weighted average lease term	2.98 years
Weighted average discount rate		3.60	%

Leases-Other Information

Other Information

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

(dollars in thousands)
2021	$	1,831
2022		978
2023		541
2024		432
2025		253
Thereafter		—
		4,035
Less: interest		(214	)
Present value of lease liabilities	$	3,821