Leases (Tables)

9 Months Ended

Oct. 31, 2020

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 condensed consolidated statements of operations, were as follows (in thousands):

	Three Months Ended						Nine Months Ended
	October 31,						October 31,
	2020			2019			2020			2019
Finance lease cost:
Amortization of finance lease right-of-use assets	$	14,102		$	11,713		$	41,027		$	29,823
Interest on finance lease liabilities		1,416			1,312			4,440			2,987
Operating lease cost, gross		13,552			12,300			40,095			36,533
Variable lease cost, gross		2,180			3,040			7,074			8,741
Sublease income		(2,707	)		(2,741	)		(7,888	)		(8,327	)
Total lease cost (1)	$	28,543		$	25,624		$	84,748		$	69,757

(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):

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2020		2019		2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	16,121	$	11,562	$	44,276	$	35,053
Operating cash flows for finance leases		1,456		802		4,962		2,531
Financing cash flows for finance leases		14,584		7,055		46,159		26,200
Right-of-use assets obtained in exchange of lease obligations (1)
Operating leases	$	9,732	$	1,016	$	39,079	$	230,371
Finance leases		6,072		40,530		29,148		84,950

(1)	Amounts disclosed for the three and nine months ended October 31, 2019 include the adoption impact of ASC Topic 842 on the opening balance sheet as of February 1, 2019.

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

	October 31,
	2020			2019
Weighted-average remaining lease term (in years)
Operating leases		5.93			6.84
Finance leases		2.55			3.07

Weighted-average discount rate
Operating leases		5.26	%		5.41	%
Finance leases		4.46	%		4.29	%

Summary of Maturities of Operating and Finance Lease Liabilities

As of October 31, 2020, 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
Remainder of 2021	$	15,157		$	15,587
2022		59,867			51,192
2023		49,410			41,418
2024		47,927			19,022
2025		32,269			1,317
Thereafter		91,541			—
Total lease payments	$	296,171		$	128,536
Less: imputed interest		(43,759	)		(7,408	)
Present value of total lease liabilities	$	252,412		$	121,128

(1)	Non-cancellable sublease proceeds for the remainder of the fiscal year ending January 31, 2021 and the fiscal years ending January 31, 2022, 2023, 2024, and 2025 of $1.9 million, $9.9 million, $8.3 million, $2.2 million, and $2.2 million, respectively, are not included in the table above.