Leases (Tables)

3 Months Ended

Jul. 31, 2022

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 July 31, 2022, August 1, 2021, and May 1, 2022, are as follows:

(dollars in thousands)	July 31, 2022		August 1, 2021		May 1, 2022
Right of use assets	$	14,556	$	11,447	$	15,577
Operating lease liability - current		3,126		2,727		3,219
Operating lease liability – noncurrent		6,160		6,665		7,062

Supplemental Cash Flow Information

Supplemental Cash Flow Information

	Three Months Ended		Three Months Ended
(dollars in thousands)	July 31, 2022		August 1, 2021
Operating lease liability payments	$	920	$	717
Right of use assets exchanged for lease liabilities		—		547

Leases-Other Information

Other Information

Maturity of our operating lease liabilities for the remainder of fiscal 2023, the subsequent next four fiscal years, and thereafter follows:

(dollars in thousands)
2023	$	2,376
2024		2,956
2025		1,925
2026		493
2027		457
Thereafter		1,410
	$	9,617
Less: interest		(331	)
Present value of lease liabilities	$	9,286

Summary of weighted average remaining lease term and discount rate

As of July 31, 2022, the weighted average remaining lease term and discount rate for our operating leases follows:

	July 31, 2022
Weighted average lease term	4.4 years
Weighted average discount rate		1.76	%