| 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 | |
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