Leases

12 Months Ended

Jan. 26, 2020

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 up to 7 years, some of which include options to extend the leases for up to 3 years, and some of which include options to terminate the leases within 1 year.

The components of lease expense for the fiscal year ended January 26, 2020 were as follows:



(in thousands)
Operating lease cost	$	4,820
Short-term lease cost	372
Less: sublease income	(130		)
Total lease cost	$	5,062

Supplemental cash flow information for the fiscal year ended January 26, 2020 related to leases was as follows:



(in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	5,189
Right-of-use assets obtained in exchange for new operating lease liabilities	$	3,366
Write-down of right-of-use assets	$	1,363



Weighted-average remaining lease term - operating leases	4.71
Weighted-average discount rate - operating leases	6.8	%

Supplemental balance sheet information as of January 26, 2020 related to leases was as follows:



(in thousands)
Operating lease right-of-use assets ^{(1) (2)}	$	10,958

Other current liabilities ⁽¹⁾	$	3,273
Operating lease liabilities ⁽¹⁾	8,185
Total operating lease liabilities	$	11,458

⁽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 January 26, 2020 are as follows:



(in thousands)
Fiscal Year Ending:
2021	$	3,945
2022	2,791
2023	1,776
2024	1,524
2025	1,374
Thereafter	2,164
Total lease payments	13,574
Less: imputed interest	(2,116		)
Total	$	11,458