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Balance Sheet Components
9 Months Ended
Oct. 31, 2017
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components

 

 

Note 3. Balance Sheet Components

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

 

 

 

October 31,

 

 

January 31,

 

 

 

2017

 

 

2017

 

Prepaid expenses

 

$

9,569

 

 

$

9,256

 

Other current assets

 

 

4,346

 

 

 

1,570

 

Total prepaid expenses and other current assets

 

$

13,915

 

 

$

10,826

 

 

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

 

 

 

October 31,

 

 

January 31,

 

 

 

2017

 

 

2017

 

Servers

 

$

160,067

 

 

$

143,219

 

Leasehold improvements

 

 

64,507

 

 

 

64,379

 

Computer hardware and software

 

 

11,996

 

 

 

11,373

 

Furniture and fixtures

 

 

13,073

 

 

 

12,824

 

Construction in progress

 

 

13,234

 

 

 

5,882

 

Total property and equipment

 

 

262,877

 

 

 

237,677

 

Less: accumulated depreciation

 

 

(144,599

)

 

 

(120,501

)

Total property and equipment, net

 

$

118,278

 

 

$

117,176

 

 

As of October 31, 2017, the gross carrying amount of property and equipment included $65.3 million of servers and $6.8 million of construction in progress acquired under capital leases, and the accumulated depreciation of property and equipment acquired under these capital leases was $23.6 million. As of January 31, 2017, the gross carrying amount of property and equipment included $43.2 million of servers and related equipment and $5.6 million of construction in progress acquired under capital leases, and the accumulated depreciation of property and equipment acquired under these capital leases was $10.4 million.

Depreciation expense related to property and equipment was $9.9 million and $8.2 million for the three months ended October 31, 2017 and 2016, respectively, and $28.8 million and $28.6 million for the nine months ended October 31, 2017 and 2016, respectively. Included in these amounts was depreciation expense for servers acquired under capital leases in the amount of $4.9 million and $2.0 million for the three months ended October 31, 2017 and 2016, respectively, and $13.3 million and $5.0 million for the nine months ended October 31, 2017 and 2016, respectively. Construction in progress primarily consists of servers, networking equipment and storage infrastructure being provisioned in our datacenter facilities as well as leasehold improvements due to facilities investments. In addition, the amounts of interest capitalized to property and equipment were not material for the three and nine months ended October 31, 2017 and 2016.