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Leases
9 Months Ended
Oct. 31, 2020
Leases [Abstract]  
Leases

 

7. Leases

The Company has entered into various operating leases for its worldwide office facilities. The operating lease expense was approximately $0.8 million and $0.7 million for the three months ended October 31, 2020 and 2019, respectively. The operating lease expense was approximately $2.2 million and $2.2 million for the nine months ended October 31, 2020 and 2019, respectively. The Company's short-term leases and finance leases were not material as of October 31, 2020 and January 31, 2020, respectively.

 

Supplemental cash flow information related to leases is as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 31, 2020

 

 

October 31, 2020

 

 

 

(in thousands)

 

Cash paid for operating leases included in operating cash flows

 

$

625

 

 

$

1,656

 

Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets

 

$

85

 

 

$

261

 

 

As of October 31, 2020, the weighted average remaining lease term is 4.41 years, and the weighted average discount rate is 4.43 percent. Future minimum lease payments for the lease liabilities are as follows:

 

 

 

As of

 

 

 

October 31, 2020

 

Fiscal Year

 

(in thousands)

 

2021 (3 months remaining)

 

$

811

 

2022

 

 

2,814

 

2023

 

 

1,927

 

2024

 

 

1,702

 

2025

 

 

1,749

 

Thereafter

 

 

1,234

 

Total future annual minimum lease payments

 

 

10,237

 

Less: interest

 

 

(766

)

Total lease liabilities

 

$

9,471