Leases

6 Months Ended

Jul. 31, 2022

Leases [Abstract]

Leases

Leases

We have operating leases for our corporate offices. Our leases have various expiration dates through 2034, 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 each of the three and six months ended July 31, 2022 and 2021 was immaterial.

For each of the three months ended July 31, 2022 and 2021, our operating lease expense was $3 million. For each of the six months ended July 31, 2022 and 2021, our operating lease expense was $7 million.

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

	Six months ended July 31,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,834	$	6,794
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	14,272		1,888

Supplemental balance sheet information related to leases was as follows:

	July 31, 2022		January 31, 2022
Weighted Average Remaining Lease Term	6.9 years		6.0 years
Weighted Average Discount Rate	4.1	%	3.7	%

As of July 31, 2022, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2023	$	4,845
2024	10,584
2025	10,834
2026	9,349
2027	8,563
Thereafter	31,608
Total lease payments	75,783
Less imputed interest	(12,311)
Total	$	63,472

Leases

Leases

We have operating leases for our corporate offices. Our leases have various expiration dates through 2034, 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 each of the three and six months ended July 31, 2022 and 2021 was immaterial.

For each of the three months ended July 31, 2022 and 2021, our operating lease expense was $3 million. For each of the six months ended July 31, 2022 and 2021, our operating lease expense was $7 million.

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

	Six months ended July 31,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,834	$	6,794
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	14,272		1,888

Supplemental balance sheet information related to leases was as follows:

	July 31, 2022		January 31, 2022
Weighted Average Remaining Lease Term	6.9 years		6.0 years
Weighted Average Discount Rate	4.1	%	3.7	%

As of July 31, 2022, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2023	$	4,845
2024	10,584
2025	10,834
2026	9,349
2027	8,563
Thereafter	31,608
Total lease payments	75,783
Less imputed interest	(12,311)
Total	$	63,472