XML 49 R40.htm IDEA: XBRL DOCUMENT v3.23.1
Leases (Tables)
 6 Months Ended
May 05, 2023
Leases [Abstract]  
Supplemental Cash Flow and Other Lease Information
The following table presents the lease expense incurred on the company’s operating, short-term, and variable leases:
Three Months EndedSix Months Ended
(Dollars in thousands)May 5, 2023April 29, 2022May 5, 2023April 29, 2022
Operating lease expense$6,856 $6,306 $12,930 $12,471 
Short-term lease expense1,044 1,727 1,912 3,142 
Variable lease expense57 — 82 — 
Total lease expense$7,957 $8,033 $14,924 $15,613 
The following table presents supplemental cash flow information related to the company's operating leases:
Six Months Ended
(Dollars in thousands)May 5, 2023April 29, 2022
Operating cash flows for amounts included in the measurement of lease liabilities$11,243 $9,380 
Right-of-use assets obtained in exchange for lease obligations$4,117 $15,896 
The following table presents other lease information related to the company's operating leases:
May 5, 2023April 29, 2022October 31, 2022
Weighted-average remaining lease term of operating leases in years5.66.46.0
Weighted-average discount rate of operating leases3.65 %2.94 %3.53 %
Future Minimum Operating Lease Payments
The following table reconciles the total undiscounted future cash flows based on the anticipated future minimum operating lease payments by fiscal year for the company's operating leases to the present value of operating lease liabilities recorded within the Condensed Consolidated Balance Sheets as of May 5, 2023:
(Dollars in thousands)May 5, 2023
2023 (remaining)$8,486 
202418,698 
202516,568 
202611,036 
20277,695 
Thereafter17,687 
Total future minimum operating lease payments80,170 
Less: imputed interest6,291 
Present value of operating lease liabilities$73,879