Commitments and Contingencies (Tables)

12 Months Ended

May 02, 2021

Commitments And Contingencies Disclosure [Abstract]

Summary of right of use assets and lease liabilities

The right of use assets and lease liabilities associated with our operating leases as of May 2, 2021, and May 3, 2020, are as follows:

(dollars in thousands)	May 2, 2021		May 3, 2020
Right of use assets	$	11,730	$	3,903
Operating lease liability - current		2,736		1,805
Operating lease liability – noncurrent		6,821		2,016

Supplemental Cash Flow Information

Supplemental Cash Flow Information

(dollars in thousands)	2021		2020
Operating lease liability payments	$	2,634	$	2,524
Right of use assets exchanged for lease liabilities		8,014		344

Summary of weighted average remaining lease term and discount rate

As of May 2, 2021, the weighted average remaining lease term and discount rate for our operating leases follows:

Weighted average lease term	4.36 years
Weighted average discount rate		2.41	%

As of May 3, 2020, the weighted average remaining lease term and discount rate for our operating leases follows:

Weighted average lease term	2.98 years
Weighted average discount rate		3.60	%

Leases-Other Information

Other Information

Maturity of our operating lease liabilities for the next five fiscal years and thereafter follows:

(dollars in thousands)
2022	$	2,821
2023		2,647
2024		2,341
2025		1,409
2026		158
Thereafter		541
		9,917
Less: interest		(360	)
Present value of lease liabilities	$	9,557