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Leases (Tables)
12 Months Ended
Jan. 31, 2022
Leases [Abstract]  
Summary of Components of Lease Cost, Supplemental Cash Flow Information and Supplemental Information Related to Remaining Lease Term and Discount Rate

The components of lease cost, which were included in operating expenses in our consolidated statements of operations, were as follows (in thousands):

 

 

 

Year End January 31,

 

 

 

2022

 

 

2021

 

Finance lease cost:

 

 

 

 

 

 

Amortization of finance lease right of-use assets

 

$

51,907

 

 

$

54,630

 

Interest on finance lease liabilities

 

 

3,913

 

 

 

5,753

 

Operating lease cost, gross

 

 

53,052

 

 

 

54,243

 

Variable lease cost, gross

 

 

8,995

 

 

 

9,288

 

Sublease income

 

 

(10,787

)

 

 

(10,969

)

Total lease cost (1)

 

$

107,080

 

 

$

112,945

 

 

(1)
Short-term lease cost was not material for the periods presented and is not included in the table above.

 

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

 

 

 

Year End January 31,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

58,527

 

 

$

59,478

 

Operating cash flows for finance leases

 

 

3,923

 

 

 

6,358

 

Financing cash flows for finance leases

 

 

50,391

 

 

 

60,020

 

Right-of-use assets obtained in exchange of lease obligations (1)

 

 

 

 

 

 

Operating leases

 

$

20,296

 

 

$

39,267

 

Finance leases

 

 

3,501

 

 

 

31,282

 

 

Supplemental information related to the remaining lease term and discount rate was as follows:

 

 

 

January 31,

 

 

 

2022

 

 

2021

 

Weighted-average remaining lease term (in years)

 

 

 

 

 

 

Operating leases

 

 

5.15

 

 

 

5.77

 

Finance leases

 

 

1.56

 

 

 

2.35

 

 

 

 

 

 

 

 

Weighted-average discount rate

 

 

 

 

 

 

Operating leases

 

 

5.09

%

 

 

5.27

%

Finance leases

 

 

4.55

%

 

 

4.44

%

 

Summary of Maturities of Operating and Finance Lease Liabilities

As of January 31, 2022, maturities of our operating and finance lease liabilities, which do not include short-term leases and variable lease payments, are as follows (in thousands):

 

Fiscal years ending January 31:

 

Operating Leases (1)

 

 

Finance Leases

 

2023

 

$

54,159

 

 

$

43,371

 

2024

 

 

53,728

 

 

 

19,490

 

2025

 

 

36,477

 

 

 

1,574

 

2026

 

 

32,154

 

 

 

 

2027

 

 

30,816

 

 

 

 

Thereafter

 

 

36,070

 

 

 

 

Total lease payments

 

$

243,404

 

 

$

64,435

 

Less: imputed interest

 

$

(30,604

)

 

$

(2,364

)

Present value of total lease liabilities

 

$

212,800

 

 

$

62,071

 

 

(1)
Non-cancellable sublease proceeds for the fiscal years ending January 31, 2023, 2024, and 2025 of $8.2 million, $2.3 million, and $2.1 million, respectively, are not included in the table above.