Leases

3 Months Ended

Apr. 30, 2021

Leases [Abstract]

Leases

Leases

We have operating and finance leases for corporate offices and certain equipment. Our leases have various expiration dates through 2030, some of which include options to extend the leases for up to nine years. Additionally, we are the sublessor for certain office space. Our sublease income for the three months ended April 30, 2021 and 2020 was immaterial.

For each of the three months ended April 30, 2021 and 2020, our operating lease expense was $3 million. Our finance lease expense was immaterial for both the three months ended April 30, 2021 and 2020.

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

	Three months ended April 30,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,303	$	2,563
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	243		306

Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):

	April 30, 2021			January 31, 2021
Operating Leases
Lease right-of-use assets	$	53,776		$	56,917
Lease liabilities	$	11,184		$	11,347
Lease liabilities, noncurrent	48,672			51,393
Total operating lease liabilities	$	59,856		$	62,740
Weighted Average Remaining Lease Term	6.6 years			6.7 years
Weighted Average Discount Rate	3.8		%	3.8		%

As of April 30, 2021, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2022	$	9,632
2023	11,410
2024	10,641
2025	7,852
2026	6,916
Thereafter	21,606
Total lease payments	68,057
Less imputed interest	(8,201)
Total	$	59,856

Leases

Leases

We have operating and finance leases for corporate offices and certain equipment. Our leases have various expiration dates through 2030, some of which include options to extend the leases for up to nine years. Additionally, we are the sublessor for certain office space. Our sublease income for the three months ended April 30, 2021 and 2020 was immaterial.

For each of the three months ended April 30, 2021 and 2020, our operating lease expense was $3 million. Our finance lease expense was immaterial for both the three months ended April 30, 2021 and 2020.

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

	Three months ended April 30,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,303	$	2,563
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	243		306

Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):

	April 30, 2021			January 31, 2021
Operating Leases
Lease right-of-use assets	$	53,776		$	56,917
Lease liabilities	$	11,184		$	11,347
Lease liabilities, noncurrent	48,672			51,393
Total operating lease liabilities	$	59,856		$	62,740
Weighted Average Remaining Lease Term	6.6 years			6.7 years
Weighted Average Discount Rate	3.8		%	3.8		%

As of April 30, 2021, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2022	$	9,632
2023	11,410
2024	10,641
2025	7,852
2026	6,916
Thereafter	21,606
Total lease payments	68,057
Less imputed interest	(8,201)
Total	$	59,856