Leases

3 Months Ended

Apr. 26, 2026

The Company has operating leases for real estate, vehicles, and office equipment, which are accounted for in accordance with ASC 842, "Leases." 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 approximately seven years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year.

The components of lease expense were as follows:


	Three Months Ended
(in thousands)	April 26, 2026		April 27, 2025
Operating lease cost	$	2,038	$	1,769
Short-term lease cost	48		17
Sublease income	(133)		(127)
Total lease cost	$	1,953	$	1,659

Supplemental cash flow information related to leases was as follows:


	Three Months Ended
(in thousands)	April 26, 2026		April 27, 2025
Cash paid for amounts included in the measurement of lease liabilities	$	2,055	$	1,953
Right-of-use assets obtained in exchange for new operating lease liabilities	$	505	$	2,517


	April 26, 2026
Weighted-average remaining lease term–operating leases (in years)	4.6
Weighted-average discount rate on remaining lease payments–operating leases	6.9	%

Supplemental balance sheet information related to leases was as follows:



(in thousands)	April 26, 2026		January 25, 2026
Operating lease right-of-use assets in "Other assets"	$	22,387	$	23,455

Operating lease liabilities in "Accrued liabilities"	$	6,076	$	6,063
Operating lease liabilities in "Other long-term liabilities"	19,559		20,697
Total operating lease liabilities	$	25,635	$	26,760

Maturities of lease liabilities as of April 26, 2026 are as follows:


(in thousands)
Fiscal Year Ending:
2027 (remaining nine months)	$	5,856
2028	7,218
2029	6,074
2030	4,036
2031	3,465
Thereafter	3,441
Total lease payments	30,090
Less: imputed interest	(4,455)
Total	$	25,635