Leases

12 Months Ended

Jan. 31, 2021

The Company has operating leases for real estate, vehicles, and office equipment. Real estate leases are used to secure office space for the Company's administrative, engineering, production support and manufacturing activities. The Company's leases have remaining lease terms of up to nine years, some of which include options to extend the leases for up to three years, and some of which include options to terminate the leases within one year. Results and disclosure requirements for reporting periods beginning after January 28, 2019 are presented under ASC 842, while prior period amounts have not been adjusted and continue to be reported under ASC 840.

The components of lease expense were as follows:


	Fiscal Year Ended
(in thousands)	January 31, 2021		January 26, 2020
Operating lease cost	$	4,900	$	4,820
Short-term lease cost	1,037		372

Less: sublease income	(132)		(130)
Total lease cost	$	5,805	$	5,062

Supplemental cash flow information related to leases was as follows:


	Fiscal Year Ended
(in thousands)	January 31, 2021		January 26, 2020
Cash paid for amounts included in the measurement of lease liabilities	$	4,909	$	5,189
Right-of-use assets obtained in exchange for new operating lease liabilities	$	9,209	$	3,366
Write-down of right-of-use assets	$	—	$	1,363


	As of
	January 31, 2021
Weighted-average remaining lease term - operating leases	5.86
Weighted-average discount rate on remaining lease payments - operating leases	7.2	%

Supplemental balance sheet information related to leases was as follows:


	Balance as of
(in thousands)	January 31, 2021		January 26, 2020
Operating lease right-of-use assets in "Other Assets"	$	16,337	$	10,958

Operating lease liabilities in "Accrued Liabilities"	$	3,975	$	3,273
Operating lease liabilities in "Other long-term Liabilities"	13,172		8,185
Total operating lease liabilities	$	17,147	$	11,458

Maturities of lease liabilities as of January 31, 2021 are as follows:


(in thousands)
Fiscal Year Ending:
2022	$	5,004
2023	3,445
2024	3,032
2025	2,921
2026	2,113
Thereafter	4,500
Total lease payments	21,015
Less: imputed interest	(3,868)
Total	$	17,147