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Leases
9 Months Ended
Oct. 31, 2020
Leases [Abstract]  
Leases Leases
The Company has operating leases primarily related to corporate offices and certain equipment, and finance leases primarily related to data center equipment. Our leases have remaining lease terms of less than 1 year to 9 years, some of which include options to extend the leases for up to 5 years.
The components of lease expense recorded in the condensed consolidated statements of operations and comprehensive loss were as follows (in thousands):
Three Months Ended October 31,Nine Months Ended October 31,
2020201920202019
Operating lease cost$3,732 $2,923 $11,134 $8,287 
Finance lease cost:
Amortization of assets976 1,185 3,093 3,182 
Interest on lease liabilities30 66 114 191 
Short-term lease cost343 177 1,070 446 
Variable lease cost629 493 1,879 1,328 
Total lease costs$5,710 $4,844 $17,290 $13,434 
Supplemental balance sheet information related to leases was as follows (in thousands):
Financial Statement Line Item
October 31, 2020
January 31, 2020
Assets:
Operating lease assetsOperating lease right-of-use assets$63,038 $57,590 
Finance lease assetsProperty and equipment, net672 3,939 
Total leased assets$63,710 $61,529 
Liabilities:
Current
OperatingOperating lease liabilities, current$14,506 $13,020 
FinanceFinance lease liabilities, current2,228 2,465 
Non-current
OperatingOperating lease liabilities, non-current52,727 47,913 
FinanceFinance lease liabilities, non-current— 1,664 
Total lease liabilities$69,461 $65,062 
Other information related to leases was as follows (dollars in thousands):
Nine Months Ended October 31,
20202019
Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases*$10,386 $7,161 
Operating cash flows from finance leases114 185 
Financing cash flows from finance leases1,973 3,114 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases13,965 9,012 
Finance leases— 2,364 
Weighted-average remaining lease term (in years):
Operating leases5.76.2
Finance leases01.9
Weighted-average discount rate:
Operating leases5.5 %6.1 %
Finance leases4.5 %4.7 %
*Includes cash paid for lease liability accretion of $2.8 million for each of the nine months ended October 31, 2020 and 2019.
As of October 31, 2020, remaining maturities of lease liabilities were as follows (in thousands):
Operating LeasesFinance Leases
Remainder of fiscal 2021$3,838 $2,228 
Fiscal 202214,655 — 
Fiscal 202313,740 — 
Fiscal 202413,665 — 
Fiscal 202511,945 — 
Thereafter20,357 — 
Total lease payments78,200 2,228 
Less: imputed interest(10,967)— 
Total$67,233 $2,228 
As of October 31, 2020, we had signed leases for additional office space that had not yet commenced. Future non-cancelable lease payments associated with these agreements totaled $26.5 million, payable over lease terms of 8 years.
Leases Leases
The Company has operating leases primarily related to corporate offices and certain equipment, and finance leases primarily related to data center equipment. Our leases have remaining lease terms of less than 1 year to 9 years, some of which include options to extend the leases for up to 5 years.
The components of lease expense recorded in the condensed consolidated statements of operations and comprehensive loss were as follows (in thousands):
Three Months Ended October 31,Nine Months Ended October 31,
2020201920202019
Operating lease cost$3,732 $2,923 $11,134 $8,287 
Finance lease cost:
Amortization of assets976 1,185 3,093 3,182 
Interest on lease liabilities30 66 114 191 
Short-term lease cost343 177 1,070 446 
Variable lease cost629 493 1,879 1,328 
Total lease costs$5,710 $4,844 $17,290 $13,434 
Supplemental balance sheet information related to leases was as follows (in thousands):
Financial Statement Line Item
October 31, 2020
January 31, 2020
Assets:
Operating lease assetsOperating lease right-of-use assets$63,038 $57,590 
Finance lease assetsProperty and equipment, net672 3,939 
Total leased assets$63,710 $61,529 
Liabilities:
Current
OperatingOperating lease liabilities, current$14,506 $13,020 
FinanceFinance lease liabilities, current2,228 2,465 
Non-current
OperatingOperating lease liabilities, non-current52,727 47,913 
FinanceFinance lease liabilities, non-current— 1,664 
Total lease liabilities$69,461 $65,062 
Other information related to leases was as follows (dollars in thousands):
Nine Months Ended October 31,
20202019
Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases*$10,386 $7,161 
Operating cash flows from finance leases114 185 
Financing cash flows from finance leases1,973 3,114 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases13,965 9,012 
Finance leases— 2,364 
Weighted-average remaining lease term (in years):
Operating leases5.76.2
Finance leases01.9
Weighted-average discount rate:
Operating leases5.5 %6.1 %
Finance leases4.5 %4.7 %
*Includes cash paid for lease liability accretion of $2.8 million for each of the nine months ended October 31, 2020 and 2019.
As of October 31, 2020, remaining maturities of lease liabilities were as follows (in thousands):
Operating LeasesFinance Leases
Remainder of fiscal 2021$3,838 $2,228 
Fiscal 202214,655 — 
Fiscal 202313,740 — 
Fiscal 202413,665 — 
Fiscal 202511,945 — 
Thereafter20,357 — 
Total lease payments78,200 2,228 
Less: imputed interest(10,967)— 
Total$67,233 $2,228 
As of October 31, 2020, we had signed leases for additional office space that had not yet commenced. Future non-cancelable lease payments associated with these agreements totaled $26.5 million, payable over lease terms of 8 years.