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Leases (Tables)
6 Months Ended
Jul. 31, 2024
Leases [Abstract]  
Summary of Components of Lease Cost

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 31,

 

 

July 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of finance lease right-of-use assets

 

$

 

 

$

5,287

 

 

$

374

 

 

$

11,815

 

Interest on finance lease liabilities

 

 

 

 

 

271

 

 

 

12

 

 

 

627

 

Operating lease cost, gross

 

 

6,498

 

 

 

12,218

 

 

 

16,606

 

 

 

25,393

 

Variable lease cost, gross

 

 

1,528

 

 

 

2,344

 

 

 

3,618

 

 

 

4,654

 

Sublease income

 

 

(1,516

)

 

 

(1,704

)

 

 

(2,935

)

 

 

(3,373

)

Total lease cost

 

$

6,510

 

 

$

18,416

 

 

$

17,675

 

 

$

39,116

 

 

Summary of Maturities of Operating and Finance Lease Liabilities

As of July 31, 2024, maturities of our operating lease liabilities, which do not include short-term leases and variable lease payments, are as follows (in thousands):

 

Years ending January 31:

 

Operating Leases (1)

 

 

Remainder of 2025

 

$

15,863

 

 

2026

 

 

30,374

 

 

2027

 

 

28,825

 

 

2028

 

 

25,179

 

 

2029

 

 

12,092

 

 

Thereafter

 

 

10,897

 

 

Total lease payments

 

$

123,230

 

 

Less: imputed interest

 

$

(15,395

)

 

Present value of total lease liabilities

 

$

107,835

 

 

 

(1) Non-cancellable sublease proceeds for the remainder of the year ending January 31, 2025 and the year ending January 31, 2026 of $2.4 million and $1.0 million, respectively, are not included in the table above.