Leases (Tables)

6 Months Ended

Jul. 31, 2020

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



	Three Months Ended July 31,				Six Months Ended July 31,
	2020		2019		2020		2019
Finance lease cost:
Amortization of right-of-use assets	$	994	$	994	$	1,988	$	1,988
Interest on lease liabilities	868		918		1,752		1,823
Operating lease cost	2,031		1,386		3,854		2,353
Short-term lease cost	740		308		1,533		703
Total lease cost	$	4,633	$	3,606	$	9,127	$	6,867

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



	Six Months Ended July 31,
	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance lease	$	1,752		$	—
Operating cash flows from operating leases	2,696			2,083
Financing cash flows from finance lease	2,284			—
Right-of-use assets obtained in exchange for lease obligations:
Finance lease	$	—		$	—
Operating leases	31,890			2,567
Weighted-average remaining lease term (in years):
Finance lease	9.4			10.4
Operating leases	8.1			4.7
Weighted-average discount rate:
Finance lease	5.6		%	5.6		%
Operating leases	4.7		%	6.1		%

Assets And Liabilities, Lessee

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



	July 31, 2020		January 31, 2020
Finance Lease:
Property and equipment, net	$	37,424	$	39,411
Other accrued liabilities	4,765		4,633
Other liabilities, non-current	56,841		59,257
Operating Leases:
Operating lease right-of-use assets	$	40,481	$	11,147
Operating lease liabilities (current)	4,863		3,750
Operating lease liabilities, non-current	38,873		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 July 31, 2020 were as follows (in thousands):



Year Ending January 31,	Finance Lease			Operating Leases
Remainder of 2021	$	4,037		$	3,184
2022	8,073			7,888
2023	8,073			7,765
2024	8,073			6,714
2025	8,445			6,324
Thereafter	42,829			21,402
Total minimum payments	79,530			53,277
Less imputed interest	(17,924		)	(9,541		)
Present value of future minimum lease payments	61,606			43,736
Less current obligations under leases	(4,765		)	(4,863		)
Non-current lease obligations	$	56,841		$	38,873

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 July 31, 2020 were as follows (in thousands):



Year Ending January 31,	Finance Lease			Operating Leases
Remainder of 2021	$	4,037		$	3,184
2022	8,073			7,888
2023	8,073			7,765
2024	8,073			6,714
2025	8,445			6,324
Thereafter	42,829			21,402
Total minimum payments	79,530			53,277
Less imputed interest	(17,924		)	(9,541		)
Present value of future minimum lease payments	61,606			43,736
Less current obligations under leases	(4,765		)	(4,863		)
Non-current lease obligations	$	56,841		$	38,873