Operating Leases

3 Months Ended

Apr. 30, 2022

Note 5: Operating Leases

The Company leases its headquarters located in Sunnyvale, California, as well as office and data center space in various locations under non-cancelable operating lease agreements.

Supplemental balance sheet information related to leases was as follows (in thousands):

	As of
	April 30, 2022			January 31, 2022
Assets
Operating lease right-of-use assets	$	13,995		$	14,396
Total leased assets	$	13,995		$	14,396
Liabilities
Short-term operating lease liabilities	$	3,248		$	3,260
Long-term operating lease liabilities		10,833			11,194
Total lease liabilities	$	14,081		$	14,454

Weighted-average remaining lease term	5.6 years			5.8 years
Weighted-average discount rate		3.7	%		3.7	%

Operating lease right-of-use assets and long-term operating lease liabilities are included on the face of the condensed consolidated balance sheet. Short-term operating lease liabilities are included in other current liabilities.

The Company incurred total lease costs in its consolidated statements of operations of $1.2 million for each of the three months ended April 30, 2022 and 2021.

Supplemental cash flow information related to leases was as follows (in thousands):

	Three Months Ended
	April 30, 2022		April 30, 2021
Cash payments for operating leases	$	822	$	980
Right-of-use assets recognized in exchange for new operating lease obligations	$	316	$	313

As of April 30, 2022, maturities of lease liabilities under non-cancelable operating leases were as follows (in thousands):

Fiscal Years Ending January 31,	April 30, 2022
2023 remainder	$	2,366
2024		3,175
2025		3,130
2026		1,721
2027		1,684
Thereafter		3,555
Total future minimum lease payments		15,631
Less: imputed interest		(1,550	)
Present value of lease liabilities	$	14,081