Leases (Tables)

9 Months Ended

Jan. 31, 2021

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 January 31, 2021, February 2, 2020, and May 3, 2020, are as follows:

			(1)
(dollars in thousands)	January 31, 2021		February 2, 2020		May 3, 2020
Right of use assets	$	6,206	$	5,524	$	3,903
Operating lease liability - current		2,273		2,227		1,805
Operating lease liability – noncurrent		4,179		3,160		2,016

(1) As of February 2, 2020, right of use assets totaled $5.5 million, of which $4.6 million and $950,000 were classified as (i) right of use asset and (ii) within noncurrent assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.  As of February 2, 2020, operating lease liabilities totaled $5.4 million, of which $2.0 million, $194,000, $2.4 million, and $776,000 were classified as (i) operating lease liability – current, (ii) within current liabilities – discontinued operation, (iii) operating lease liability – long-term, and (iv) within noncurrent liabilities – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

Supplemental Cash Flow Information

Supplemental Cash Flow Information

	Nine Months Ended		Nine Months Ended
(dollars in thousands)	January 31, 2021		February 2, 2020
Operating lease liability payments	$	1,930	$	2,079
Right of use assets exchanged for lease liabilities		4,309		344

Leases-Other Information

Other Information

Maturity of our operating lease liabilities for the remainder of fiscal 2021, the subsequent next four fiscal years, and thereafter follows:

(dollars in thousands)
2021	$	547
2022		2,231
2023		1,808
2024		1,417
2025		697
Thereafter		—
	$	6,700
Less: interest		(248	)
Present value of lease liabilities	$	6,452

Summary of weighted average remaining lease term and discount rate

As of January 31, 2021, the weighted average remaining lease term and discount rate for our operating leases follows:

	January 31, 2021
Weighted average lease term	3.3 years
Weighted average discount rate		2.39	%

As of February 2, 2020, the weighted average remaining lease term and discount rate for our operating leases follows:

	February 2, 2020
Weighted average lease term	3.4 years
Weighted average discount rate		3.76	%