Leases

12 Months Ended

Jan. 28, 2024

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 eight 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:


	Fiscal Year Ended
(in thousands)	January 28, 2024		January 29, 2023
Operating lease cost	$	8,505	$	5,939
Short-term lease cost	1,734		1,498

Less: sublease income	(644)		(170)
Total lease cost	$	9,595	$	7,267

Supplemental cash flow information related to leases was as follows:


	Fiscal Year Ended
(in thousands)	January 28, 2024		January 29, 2023
Cash paid for amounts included in the measurement of lease liabilities	$	8,523	$	5,759
Right-of-use assets obtained in exchange for new operating lease liabilities	$	3,086	$	16,772
Right-of-use asset impairment (1)	$	3,884	$	—

(1) Right-of-use asset impairment relates to abandonments classified as restructuring (see Note 17, Restructuring).



	January 28, 2024
Weighted-average remaining lease term - operating leases (in years)	5.4
Weighted-average discount rate on remaining lease payments - operating leases	6.9	%

Supplemental balance sheet information related to leases was as follows:



(in thousands)	January 28, 2024		January 29, 2023
Operating lease right-of-use assets in "Other Assets"	$	23,870	$	31,807

Operating lease liabilities in "Accrued Liabilities"	$	6,560	$	6,209
Operating lease liabilities in "Other long-term Liabilities"	22,033		26,484
Total operating lease liabilities	$	28,593	$	32,693

Maturities of lease liabilities as of January 28, 2024 are as follows:


(in thousands)
Fiscal Year Ending:
2025	$	8,351
2026	7,075
2027	5,215
2028	4,570
2029	3,717
Thereafter	5,856
Total lease payments	34,784
Less: imputed interest	(6,191)
Total	$	28,593