LEASES (Tables)

9 Months Ended

Oct. 31, 2021

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of lease expense were as follows:

		Three Months Ended October 31,				Nine Months Ended October 31,
	Classification	2021		2020		2021		2020
		(in thousands)				(in thousands)
Finance lease cost:
Amortization of leased assets	Operating expenses	$	227	$	395	$	915	$	1,176
Interest on lease liabilities	Other interest expense	49		108		201		351
Operating lease cost	Operating expenses and rental and other cost of revenue	3,632		4,541		11,132		13,329
Short-term lease cost	Operating expenses	66		81		198		270
Variable lease cost	Operating expenses	502		739		1,755		2,109
Sublease income	Interest and other income	(226)		(136)		(643)		(419)
		$	4,250	$	5,728	$	13,558	$	16,816

Summary of Lease Assets and Liabilities

Right-of-use lease assets and lease liabilities consist of the following:

	Classification	October 31, 2021		January 31, 2021
		(in thousands)
Assets
Operating lease assets	Operating lease assets	$	59,950	$	74,445
Finance lease assets(a)	Property and equipment, net of accumulated depreciation	5,856		12,426
Total leased assets		$	65,806	$	86,871
Liabilities
Current
Operating	Current operating lease liabilities	$	9,922	$	11,772
Finance	Accrued expenses and other	4,078		9,823
Noncurrent
Operating	Operating lease liabilities	59,264		73,567
Finance	Other long-term liabilities	1,692		2,911
Total lease liabilities		$	74,956	$	98,073

(a)Finance lease assets are recorded net of accumulated amortization of $1.7 million as of October 31, 2021 and $3.0 million as of January 31, 2021.

Summary of Lease Maturities

Maturities of lease liabilities as of October 31, 2021 are as follows:

	Operating		Finance
	Leases		Leases		Total
Fiscal Year Ended January 31,	(in thousands)
2022 (remainder)	$	3,546	$	3,562	$	7,108
2023	13,480		845		14,325
2024	12,591		520		13,111
2025	11,978		439		12,417
2026	11,822		301		12,123
2027	11,091		270		11,361
Thereafter	19,933		572		20,505
Total lease payments	84,441		6,509		90,950
Less: Interest	15,255		739		15,994
Present value of lease liabilities	$	69,186	$	5,770	$	74,956

Weighted-Average Lease Term and Discount Rate

The weighted-average lease term and discount rate as of October 31, 2021 are as follows:

	October 31, 2021
Weighted-average remaining lease term (years):
Operating leases	6.7
Financing leases	2.3
Weighted-average discount rate:
Operating leases	6.1	%
Financing leases	5.7	%

Rental Fleet Assets

The following is the balance of our dedicated rental fleet assets, included in Property and equipment, net of accumulated depreciation in the condensed consolidated balance sheet, of our Construction segment as of October 31, 2021 and January 31, 2021:

	October 31, 2021		January 31, 2021
	(in thousands)
Rental fleet equipment	$	81,676	$	77,530
Less accumulated depreciation	28,744		28,916
	$	52,932	$	48,614