Leases

9 Months Ended

Oct. 31, 2021

Leases [Abstract]

Leases

Leases

We have operating leases for corporate offices. 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 and nine months ended October 31, 2021 and 2020 was immaterial.

For each of the three months ended October 31, 2021 and 2020, our operating lease expense was $3 million. For each of the nine months ended October 31, 2021 and 2020, our operating lease expense was $10 million and $9 million, respectively.

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

	Nine months ended October 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10,288	$	8,149
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	2,135		8,937

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

	October 31, 2021			January 31, 2021
Operating Leases
Lease right-of-use assets	$	50,499		$	56,917
Lease liabilities	$	10,803		$	11,347
Lease liabilities, noncurrent	45,237			51,393
Total operating lease liabilities	$	56,040		$	62,740
Weighted Average Remaining Lease Term	6.3 years			6.7 years
Weighted Average Discount Rate	3.8		%	3.8		%

As of October 31, 2021, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2022	$	3,354
2023	11,555
2024	11,404
2025	8,490
2026	7,326
Thereafter	21,128
Total lease payments	63,257
Less imputed interest	7,217
Total	$	56,040

Leases

Leases

We have operating leases for corporate offices. 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 and nine months ended October 31, 2021 and 2020 was immaterial.

For each of the three months ended October 31, 2021 and 2020, our operating lease expense was $3 million. For each of the nine months ended October 31, 2021 and 2020, our operating lease expense was $10 million and $9 million, respectively.

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

	Nine months ended October 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10,288	$	8,149
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	2,135		8,937

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

	October 31, 2021			January 31, 2021
Operating Leases
Lease right-of-use assets	$	50,499		$	56,917
Lease liabilities	$	10,803		$	11,347
Lease liabilities, noncurrent	45,237			51,393
Total operating lease liabilities	$	56,040		$	62,740
Weighted Average Remaining Lease Term	6.3 years			6.7 years
Weighted Average Discount Rate	3.8		%	3.8		%

As of October 31, 2021, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2022	$	3,354
2023	11,555
2024	11,404
2025	8,490
2026	7,326
Thereafter	21,128
Total lease payments	63,257
Less imputed interest	7,217
Total	$	56,040