Leases

9 Months Ended

Oct. 25, 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 approximately 10 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 were as follows:


	Three Months Ended				Nine Months Ended
(in thousands)	October 25, 2020		October 27, 2019		October 25, 2020		October 27, 2019
Operating lease cost	$	1,178	$	1,183	$	3,533	$	3,610
Short-term lease cost	—		81		—		242

Sublease income	(35)		(33)		(102)		(98)
Total lease cost	$	1,143	$	1,231	$	3,431	$	3,754

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended
(in thousands)	October 25, 2020		October 27, 2019
Cash paid for amounts included in the measurement of lease liabilities	$	3,546	$	3,874
Right-of-use assets obtained in exchange for new operating lease liabilities	$	4,119	$	149


	October 25, 2020
Weighted-average remaining lease term–operating leases	4.53 years
Weighted-average discount rate on remaining lease payments–operating leases	6.8	%

Supplemental balance sheet information related to leases was as follows:


	Balance as of
(in thousands)	October 25, 2020		January 26, 2020
Operating lease right-of-use assets in "Other assets"	$	12,159	$	10,958

Operating lease liabilities in "Accrued liabilities"	$	3,643	$	3,273
Operating lease liabilities in "Other long-term liabilities"	9,114		8,185
Total operating lease liabilities	$	12,757	$	11,458

Maturities of lease liabilities as of October 25, 2020 are as follows:


(in thousands)
Fiscal Year Ending:
2021 (remaining three months)	$	1,241
2022	4,078
2023	2,639
2024	2,231
2025	2,103
Thereafter	2,611
Total lease payments	14,903
Less: imputed interest	(2,146)
Total	$	12,757

As of October 25, 2020, we have entered into two additional operating leases with a total of $4.5 million lease liabilities that have not been recorded on our consolidated financial statements because the leases had not commenced as of the end of the third quarter of fiscal year 2021. Subsequent to October 25, 2020, both leases have commenced and have lease terms of 10 years.