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Commitments
9 Months Ended
Oct. 31, 2013
Commitments And Contingencies Disclosure [Abstract]  
Commitments

10. Commitments

Letters of Credit

As of October 31, 2013, the Company had a total of $57.4 million in letters of credit outstanding substantially in favor of certain landlords for office space. These letters of credit renew annually and expire at various dates through December 2030.

Leases

The Company leases facilities space and certain fixed assets under non-cancelable operating and capital leases with various expiration dates.

As of October 31, 2013, the future minimum lease payments under non-cancelable operating and capital leases are as follows (in thousands):

 

     Capital
Leases
    Operating
Leases
 

Fiscal Period:

    

Remaining three months of fiscal 2014

   $ 13,901      $ 41,298   

Fiscal 2015

     73,382        176,180   

Fiscal 2016

     70,064        170,110   

Fiscal 2017

     71,765        157,328   

Fiscal 2018

     83,340        145,548   

Thereafter

     299,643        999,886   
  

 

 

   

 

 

 

Total minimum lease payments

     612,095      $ 1,690,350   
    

 

 

 

Less: amount representing interest

     (93,475  
  

 

 

   

Present value of capital lease obligations

   $ 518,620     
  

 

 

   

The Company’s agreements for the facilities and certain services provide the Company with the option to renew. The Company’s future contractual obligations would change if the Company exercised these options.