LEASES

3 Months Ended

Apr. 29, 2022

The Company recorded operating lease cost for facilities of approximately $1.3 million and $1.4 million for the three months ended April 29, 2022 and April 30, 2021, respectively. For the three months ended April 29, 2022 and April 30, 2021, operating lease cost included expenses in connection with variable lease costs of $0.1 million which primarily consisted of utilities and common area charges.

For the three months ended April 29, 2022 and April 30, 2021, the Company recorded operating lease cost of equipment leases of approximately $16.8 thousand and $0.2 million, respectively. For the three months ended April 29, 2022 and April 30, 2021, equipment leases included short-term lease costs of $0.9 thousand and $0.1 million, respectively. Lease expense for equipment was included in cost of revenues.

Cash paid for amounts included in the measurement of operating lease liabilities was $1.6 million and $1.9 million during the three months ended April 29, 2022 and April 30, 2021, respectively.

Weighted-average information associated with the measurement of the Company’s remaining operating lease obligations is as follows:


	April 29, 2022
Weighted-average remaining lease term	4.3 years
Weighted-average discount rate	5.37	%

The following table summarizes the maturity of the Company's operating lease liabilities as of April 29, 2022 (in thousands):


Fiscal Years Ending	April 29, 2022
2023	$	4,372
2024	5,668
2025	5,095
2026	4,526
2027	4,088
Thereafter	—
Total operating lease payments	$	23,749
Less imputed interest	2,541
Total operating lease liabilities	$	21,208

The Company's leases have remaining lease terms of 1 month to 4.7 years, inclusive of renewal or termination options that the Company is reasonably certain to exercise.