Leases

9 Months Ended

Oct. 29, 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				Nine Months Ended
(in thousands)	October 29, 2023		October 30, 2022		October 29, 2023		October 30, 2022
Operating lease cost	$	2,181	$	1,449	$	6,497	$	4,349
Short-term lease cost	380		334		1,473		1,082
Sublease income	(163)		(33)		(483)		(102)
Total lease cost	$	2,398	$	1,750	$	7,487	$	5,329

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended
(in thousands)	October 29, 2023		October 30, 2022
Cash paid for amounts included in the measurement of lease liabilities	$	6,415	$	4,079
Right-of-use assets obtained in exchange for new operating lease liabilities	$	3,050	$	2,050


	October 29, 2023
Weighted-average remaining lease term–operating leases (in years)	5.5
Weighted-average discount rate on remaining lease payments–operating leases	6.9	%

Supplemental balance sheet information related to leases was as follows:



(in thousands)	October 29, 2023		January 29, 2023
Operating lease right-of-use assets in "Other assets"	$	29,300	$	31,807

Operating lease liabilities in "Accrued liabilities"	$	6,187	$	6,209
Operating lease liabilities in "Other long-term liabilities"	23,403		26,484
Total operating lease liabilities	$	29,590	$	32,693

Maturities of lease liabilities as of October 29, 2023 are as follows:


(in thousands)
Fiscal Year Ending:
2024 (remaining three months)	$	2,036
2025	8,284
2026	6,907
2027	5,097
2028	4,481
Thereafter	9,299
Total lease payments	36,104
Less: imputed interest	(6,514)
Total	$	29,590