Leases (Notes)

9 Months Ended

Oct. 27, 2019

The Company has operating leases for real estate, vehicles, and office equipment. Real estate leases are used to secure office space for the Company's administrative, engineering, production support and manufacturing activities. The Company's leases have remaining lease terms of 1 to 7 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year.

The components of lease expense for the three and nine months ended October 27, 2019 were as follows:



(in thousands)	Three Months Ended			Nine Months Ended
Operating lease cost	$	1,183		$	3,610
Short-term lease cost	81			242
Sublease income	(33		)	(98		)
Total lease cost	$	1,231		$	3,754

Supplemental cash flow information for the nine months ended October 27, 2019 related to leases was as follows:



(in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	3,874
Right-of-use assets obtained in exchange for new operating lease liabilities	$	149



Weighted-average remaining lease term - operating leases	4 years
Weighted-average discount rate - operating leases	6.7	%

Supplemental balance sheet information as of October 27, 2019 related to leases was as follows:



(in thousands)
Operating lease right-of-use assets ^{(1) (2)}	$	10,049

Other current liabilities ⁽¹⁾	$	3,833
Operating lease liabilities ⁽¹⁾	6,849
Total operating lease liabilities	$	10,682

⁽¹⁾Operating lease right-of-use assets are included in "Other assets", other current liabilities are included in "Accrued liabilities" and operating lease liabilities are included in "Other long-term liabilities" in the Balance Sheets.

⁽²⁾The difference between the ROU assets and lease liabilities primarily represents the existing deferred rent liabilities balance, resulting from historical straight-lining of operating leases, which was effectively reclassified upon adoption to reduce the measurement of the ROU assets.

Maturities of lease liabilities as of October 27, 2019 are as follows:



(in thousands)
Fiscal Year Ending:
2020 (remaining three months)	$	1,271
2021	3,939
2022	2,492
2023	1,461
2024	1,191
2025	1,022
Thereafter	874
Total lease payments	12,250
Less: imputed interest	(1,568		)
Total	$	10,682

As of October 27, 2019, the Company has an additional operating lease, primarily for office space, that it has yet to occupy for a value of approximately $3.2 million. The operating lease will commence at the end of fiscal year 2020 with a lease term of 7 years.