Leases (Tables)

3 Months Ended

May 04, 2025

Leases [Abstract]

Schedule of Components of Lease Cost

The components of lease costs during the periods presented were as follows (in thousands):

	First Quarter of Fiscal
	2025		2026
Fixed operating lease cost	$	10,989	$	12,867
Variable lease cost (1)	3,592		2,033
Short-term lease cost (12 months or less)	897		1,126
Finance lease cost:
Amortization of finance lease right-of-use assets	1,100		531
Interest on finance lease liabilities	63		11
Total finance lease cost	$	1,163	$	542
Total lease cost	$	16,641	$	16,568

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(1) Variable lease cost predominantly included common area maintenance charges.

Supplemental information related to leases is as follows (in thousands):

	At the End of
	Fiscal 2025			First Quarter of Fiscal 2026
Operating leases:
Weighted-average remaining lease term (in years)	4.9			4.7
Weighted-average discount rate	7.4		%	7.4		%
Finance leases:
Finance lease right-of-use assets, net (1)	$	5,555		$	5,377
Finance lease liabilities, current (2)	$	387		$	297
Finance lease liabilities, non-current (3)	—			788
Total finance lease liabilities	$	387		$	1,085
Weighted-average remaining lease term (in years)	1.0			4.7
Weighted-average discount rate	3.3		%	5.8		%

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(1) Included in the condensed consolidated balance sheets within property and equipment, net.

(2) Included in the condensed consolidated balance sheets within accrued expenses and other liabilities.

(3) Included in the condensed consolidated balance sheets within other liabilities, non-current.

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to leases is as follows (in thousands):

	First Quarter of Fiscal
	2025		2026
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$	9,169	$	16,369
Financing cash outflows for finance leases	$	802	$	1,046
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	7,885	$	1,473
Finance leases	$	—	$	1,306

Schedule of Future Lease Payments Under Non-Cancelable Leases

Future lease payments under our non-cancelable leases at the end of the first quarter of fiscal 2026 are as follows (in thousands):

Fiscal Years Ending	Operating Leases		Finance Leases
Remainder of 2026	$	40,882	$	64
2027	37,671		293
2028	40,038		293
2029	32,249		293
2030	28,920		293
Thereafter	24,775		—
Total future lease payments	204,535		1,236
Less: imputed interest	(33,534)		(151)
Present value of total lease liabilities	$	171,001	$	1,085

Schedule of Sales-Type Leases, Payment to be Received, Maturity

Future minimum gross lease payments for the leases that have commenced allocated to the sales-type leases and operating lease components are as follows (in thousands). The remaining lease payments of $95.7 million allocated to the non-lease components, are excluded from the table below.

Fiscal Years Ending	Sales-Type Leases		Operating Lease
The remainder of 2026	$	7,993	$	4,095
2027	8,990		4,749
2028	11,434		2,304
2029	13,738		—
2030	13,738		—
Thereafter	20,985		—
Total future lease payments to be received	$	76,878	$	11,148

Schedule of Lessor, Operating Lease, Payment to be Received, Maturity

Future minimum gross lease payments for the leases that have commenced allocated to the sales-type leases and operating lease components are as follows (in thousands). The remaining lease payments of $95.7 million allocated to the non-lease components, are excluded from the table below.

Fiscal Years Ending	Sales-Type Leases		Operating Lease
The remainder of 2026	$	7,993	$	4,095
2027	8,990		4,749
2028	11,434		2,304
2029	13,738		—
2030	13,738		—
Thereafter	20,985		—
Total future lease payments to be received	$	76,878	$	11,148