Leases (Tables)

9 Months Ended

Aug. 04, 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 Ended				Nine Months Ended
(Dollars in thousands)	August 4, 2023		July 29, 2022		August 4, 2023		July 29, 2022
Operating lease expense	$	6,117	$	3,833	$	19,047	$	16,304
Short-term lease expense	1,543		303		3,455		3,445
Variable lease expense	50		12		132		12
Total lease expense	$	7,710	$	4,148	$	22,634	$	19,761

The following table presents supplemental cash flow information related to the company's operating leases:

	Nine Months Ended
(Dollars in thousands)	August 4, 2023		July 29, 2022
Operating cash flows for amounts included in the measurement of lease liabilities	$	16,477	$	14,129
Right-of-use assets obtained in exchange for lease obligations	$	54,065	$	18,236

The following table presents other lease information related to the company's operating leases:

	August 4, 2023		July 29, 2022		October 31, 2022
Weighted-average remaining lease term of operating leases in years	9.2		6.2		6.0
Weighted-average discount rate of operating leases	4.12	%	2.99	%	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 August 4, 2023:

(Dollars in thousands)	August 4, 2023
2023 (remaining)	$	4,112
2024	23,287
2025	21,269
2026	15,574
2027	12,078
Thereafter	68,393
Total future minimum operating lease payments	144,713
Less: imputed interest	25,664
Present value of operating lease liabilities	$	119,049