XML 51 R40.htm IDEA: XBRL DOCUMENT v3.22.1
Leases (Tables)
6 Months Ended
Apr. 29, 2022
Leases [Abstract]  
Supplemental Cash Flow and Other Lease Information
The following table presents the lease expense incurred on the company’s operating, short-term, and variable leases:
Three Months EndedSix Months Ended
(Dollars in thousands)April 29, 2022April 30, 2021April 29, 2022April 30, 2021
Operating lease expense$6,306 $5,117 $12,471 $10,091 
Short-term lease expense1,727 857 3,142 1,437 
Variable lease expense— 33 — 50 
Total lease expense$8,033 $6,007 $15,613 $11,578 
The following table presents supplemental cash flow information related to the company's operating leases:
Six Months Ended
(Dollars in thousands)April 29, 2022April 30, 2021
Operating cash flows for amounts included in the measurement of lease liabilities$9,380 $9,577 
Right-of-use assets obtained in exchange for lease obligations$15,896 $1,716 
The following table presents other lease information related to the company's operating leases:
(Dollars in thousands)April 29, 2022April 30, 2021October 31, 2021
Weighted-average remaining lease term of operating leases in years6.46.86.6
Weighted-average discount rate of operating leases2.94 %2.74 %2.71 %
Future Minimum Operating Lease Payments
The following table reconciles the total undiscounted future cash flows based on the anticipated future minimum operating lease payments by fiscal year for the company's operating leases to the present value of operating lease liabilities recorded within the Condensed Consolidated Balance Sheets as of April 29, 2022:
(Dollars in thousands)April 29, 2022
2022 (remaining)$9,157 
202317,106 
202415,673 
202513,506 
20268,323 
Thereafter23,934 
Total future minimum operating lease payments87,699 
Less: imputed interest8,904 
Present value of operating lease liabilities$78,795