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Leases
6 Months Ended
Nov. 02, 2024
Leases [Abstract]  
Leases Leases
The Company leases office space, in the United States and internationally, under operating leases. The Company’s leases have remaining lease terms generally between one year and seven years. Operating leases are included in right of use assets, accrued expenses and other current liabilities, and non-current operating lease liabilities on the Company’s unaudited condensed consolidated balance sheets. The Company does not have any finance leases.
Lease expense and supplemental cash flow information are as follows (in thousands):
Three Months EndedSix Months Ended
November 2, 2024October 28, 2023November 2, 2024October 28, 2023
Operating lease expenses$1,021 $909 $2,037 $1,830 
Cash paid for amounts included in the measurement of operating lease liabilities$961 $857 $1,916 $1,693 
Right-of-use assets obtained in exchange for lease obligation
$— $— $3,531 $— 
The aggregate future lease payments for operating leases as of November 2, 2024 are as follows (in thousands):
Fiscal Year
Operating Leases
2025$2,063 
20263,638 
20273,072 
20283,072 
20293,164 
Thereafter3,910 
Total lease payments18,919 
Less: Interest 2,929 
Present value of lease liabilities$15,990 
In addition to the table above, the Company entered into a new office space lease arrangement, as of November 2, 2024, for a total of $1.1 million over a five year lease term, for which the lease commencement date has not started.
As of November 2, 2024, the weighted-average remaining lease term for the Company's operating leases was 5.5 years and the weighted-average discount rate used to determine the present value of the Company's operating leases was 6.3%.