Leases

6 Months Ended

Jul. 30, 2023

Leases [Abstract]

Leases

Leases

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				Six Months Ended
(in thousands)	July 30, 2023		July 31, 2022		July 30, 2023		July 31, 2022
Operating lease cost	$	2,167	$	1,454	$	4,316	$	2,900
Short-term lease cost	484		477		1,093		748
Sublease income	(162)		(34)		(320)		(69)
Total lease cost	$	2,489	$	1,897	$	5,089	$	3,579

Supplemental cash flow information related to leases was as follows:

	Six Months Ended
(in thousands)	July 30, 2023		July 31, 2022
Cash paid for amounts included in the measurement of lease liabilities	$	4,280	$	2,703
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2,696	$	1,960

	July 30, 2023
Weighted-average remaining lease term–operating leases (in years)	5.68
Weighted-average discount rate on remaining lease payments–operating leases	6.9	%

Supplemental balance sheet information related to leases was as follows:

(in thousands)	July 30, 2023		January 29, 2023
Operating lease right-of-use assets in "Other assets"	$	30,885	$	31,807
Operating lease liabilities in "Accrued liabilities"	$	6,416	$	6,209
Operating lease liabilities in "Other long-term liabilities"	25,635		26,484
Total operating lease liabilities	$	32,051	$	32,693

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

(in thousands)
Fiscal Year Ending:
2024 (remaining six months)	$	4,234
2025	8,470
2026	7,076
2027	5,235
2028	4,606
Thereafter	9,679
Total lease payments	39,300
Less: imputed interest	(7,249)
Total	$	32,051