Leases (Tables)

3 Months Ended

Aug. 01, 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 August 1, 2021, August 2, 2020, and May 2, 2021, are as follows:

(dollars in thousands)	August 1, 2021		August 2, 2020		May 2, 2021
Right of use assets	$	11,447	$	6,443	$	11,730
Operating lease liability - current		2,727		2,387		2,736
Operating lease liability – noncurrent		6,665		4,214		6,821

Supplemental Cash Flow Information

Supplemental Cash Flow Information

	Three Months Ended		Three Months Ended
(dollars in thousands)	August 1, 2021		August 2, 2020
Operating lease liability payments	$	717	$	445
Right of use assets exchanged for lease liabilities		547		3,154

Leases-Other Information

Other Information

Maturity of our operating lease liabilities for the remainder of fiscal 2022, the subsequent next four fiscal years, and thereafter follows:

(dollars in thousands)
2022	$	2,098
2023		2,760
2024		2,458
2025		1,525
2026		272
Thereafter		617
	$	9,730
Less: interest		(338	)
Present value of lease liabilities	$	9,392

Summary of weighted average remaining lease term and discount rate

As of August 1, 2021, the weighted average remaining lease term and discount rate for our operating leases follows:

	August 1, 2021
Weighted average lease term	3.9 years
Weighted average discount rate		1.95	%