XML 35 R18.htm IDEA: XBRL DOCUMENT v3.25.2
Leases
 12 Months Ended
May 03, 2025
Leases [Abstract]  
Leases Leases
The Company's leases include office space located in the United States and other international locations, which are all classified as operating leases. The Company’s leases have remaining lease terms generally between 1 year and 6 years. Operating leases are included in right of use assets, other current liabilities, and non-current operating lease liabilities on the Company’s consolidated balance sheets. The Company does not have any finance leases.
Lease expense and supplemental cash flow information are as follows (in thousands):
Year Ended
May 3, 2025April 27, 2024
Operating lease expenses$4,186 $3,855 
Cash paid for amounts included in the measurement of operating lease liabilities$3,961 $3,495 
Right-of-use assets obtained in exchange for lease obligation$5,178 $978 
The aggregate future lease payments for operating leases as of May 3, 2025 are as follows (in thousands):
Fiscal YearOperating leases
2026
$4,092 
2027
3,515 
2028
3,496 
2029
3,425 
2030
2,824 
Thereafter1,199 
Total lease payments18,551 
Less: Interest2,516 
Present value of lease liabilities$16,035 
As of May 3, 2025, the weighted average remaining lease term for the Company's operating leases was 4.97 years and the weighted average discount rate used to determine the present value of the Company's operating leases was approximately 6.34%.