Leases

3 Months Ended

Apr. 30, 2023

The Company has operating leases for real estate, vehicles, and office equipment, which are accounted for in accordance with ASC 842, "Leases." 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 ten years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year.

The components of lease expense were as follows:


	Three Months Ended
(in thousands)	April 30, 2023		May 1, 2022
Operating lease cost	$	2,149	$	1,446
Short-term lease cost	609		271
Sublease income	(158)		(35)
Total lease cost	$	2,600	$	1,682

Supplemental cash flow information related to leases was as follows:


	Three Months Ended
(in thousands)	April 30, 2023		May 1, 2022
Cash paid for amounts included in the measurement of lease liabilities	$	2,181	$	1,709
Right-of-use assets obtained in exchange for new operating lease liabilities	$	13	$	465



	April 30, 2023
Weighted-average remaining lease term–operating leases (in years)	5.88
Weighted-average discount rate on remaining lease payments–operating leases	6.9	%

Supplemental balance sheet information related to leases was as follows:



(in thousands)	April 30, 2023		January 29, 2023
Operating lease right-of-use assets in "Other assets"	$	29,831	$	31,807

Operating lease liabilities in "Accrued liabilities"	$	5,977	$	6,209
Operating lease liabilities in "Other long-term liabilities"	24,583		26,484
Total operating lease liabilities	$	30,560	$	32,693

Maturities of lease liabilities as of April 30, 2023 are as follows:


(in thousands)
Fiscal Year Ending:
2024 (remaining nine months)	$	5,931
2025	7,675
2026	6,316
2027	4,688
2028	4,044
Thereafter	9,090
Total lease payments	37,744
Less: imputed interest	(7,184)
Total	$	30,560