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Leases (Tables)

12 Months Ended

Jan. 31, 2020

The following table presents supplemental information related to the Company’s finance and operating leases (in thousands, except weighted-average information):



	January 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance lease	$	1,817
Operating cash flows from operating leases	4,450
Financing cash flows from finance lease	1,915
Right-of-use assets obtained in exchange for lease obligations:
Finance lease	$	—
Operating leases	3,930
Weighted-average remaining lease term (in years):
Finance lease	9.9
Operating leases	4.2
Weighted-average discount rate:
Finance lease	5.6		%
Operating leases	6.2		%

The components of the Company’s lease costs included in its consolidated statement of operations were as follows (in thousands):



	January 31, 2020
Finance lease cost:
Amortization of finance lease right-of-use assets	$	3,976
Interest on finance lease liabilities	3,639
Operating lease cost	4,712
Short-term lease cost	2,229
Total lease cost	$	14,556

Assets And Liabilities, Lessee

The balances of the Company’s finance and operating leases were recorded on the consolidated balance sheet as follows (in thousands):



	January 31, 2020
Finance Lease:
Property and equipment, net	$	39,411
Other accrued liabilities (current)	4,633
Other liabilities, non-current	59,257
Operating Leases:
Operating lease right-of-use assets	$	11,147
Operating lease liabilities (current)	3,750
Operating lease liabilities, non-current	8,113

Finance Lease, Liability, Maturity

Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of January 31, 2020 were as follows (in thousands):



Year Ending January 31,	Finance Lease			Operating Leases
2021	$	8,073		$	4,352
2022	8,073			2,935
2023	8,073			2,708
2024	8,073			1,266
2025	8,445			848
Thereafter	42,829			1,377
Total minimum payments	83,566			13,486
Less imputed interest	(19,676		)	(1,623		)
Present value of future minimum lease payments	63,890			11,863
Less current obligations under leases	(4,633		)	(3,750		)
Non-current lease obligations	$	59,257		$	8,113

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of January 31, 2020 were as follows (in thousands):



Year Ending January 31,	Finance Lease			Operating Leases
2021	$	8,073		$	4,352
2022	8,073			2,935
2023	8,073			2,708
2024	8,073			1,266
2025	8,445			848
Thereafter	42,829			1,377
Total minimum payments	83,566			13,486
Less imputed interest	(19,676		)	(1,623		)
Present value of future minimum lease payments	63,890			11,863
Less current obligations under leases	(4,633		)	(3,750		)
Non-current lease obligations	$	59,257		$	8,113

Schedule of future minimum lease payments for finance leases

Future minimum lease payments under non-cancelable financing and operating leases, based on the previous lease accounting standard, as of January 31, 2019 were as follows (in thousands):



Year Ending January 31,	Financing Lease		Operating Leases
2020	$	3,732	$	4,578
2021	8,073		3,765
2022	8,073		2,277
2023	8,073		2,224
2024	8,073		922
Thereafter	51,274		2,149
Total minimum payments	$	87,298	$	15,915

Schedule of future minimum rental payments for operating leases

Future minimum lease payments under non-cancelable financing and operating leases, based on the previous lease accounting standard, as of January 31, 2019 were as follows (in thousands):



Year Ending January 31,	Financing Lease		Operating Leases
2020	$	3,732	$	4,578
2021	8,073		3,765
2022	8,073		2,277
2023	8,073		2,224
2024	8,073		922
Thereafter	51,274		2,149
Total minimum payments	$	87,298	$	15,915