Leases (Tables)

9 Months Ended

Oct. 31, 2023

Leases [Abstract]

Lease, Cost

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

	Three Months Ended October 31,				Nine Months Ended October 31,
	2023		2022		2023		2022
Finance lease cost:
Amortization of finance lease right-of-use assets	$	994	$	994	$	2,981	$	2,981
Interest on finance lease liabilities	638		714		1,972		2,196
Operating lease cost	2,919		2,908		8,680		8,523
Short-term lease cost	1,453		714		4,040		1,856
Total lease cost	$	6,004	$	5,330	$	17,673	$	15,556

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

	Nine Months Ended October 31,
	2023			2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance lease	$	1,971		$	2,196
Operating cash flows from operating leases	8,851			8,861
Financing cash flows from finance lease	4,083			3,187
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	5,180		$	9,633
Weighted-average remaining lease term as of period end (in years):
Finance lease	6.2			7.2
Operating leases	5.5			6.0
Weighted-average discount rate:
Finance lease	5.6		%	5.6		%
Operating leases	5.7		%	5.2		%

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):

	October 31, 2023		January 31, 2023
Finance Lease:
Property and equipment, net	$	24,508	$	27,489
Other accrued liabilities, current	5,933		5,483
Other liabilities, non-current	39,156		43,690
Operating Leases:
Operating lease right-of-use assets	$	39,181	$	41,194
Operating lease liabilities, current	9,592		8,686
Operating lease liabilities, non-current	33,131		36,264

Finance Lease, Liability, Maturity

Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of October 31, 2023 were as follows (in thousands):

Year Ending January 31,	Finance Lease		Operating Leases
Remainder of 2024	$	2,018	$	2,757
2025	8,445		12,321
2026	8,711		9,207
2027	8,711		6,457
2028	8,711		5,625
Thereafter	16,696		13,281
Total minimum payments	53,292		49,648
Less imputed interest	(8,203)		(6,925)
Present value of future minimum lease payments	45,089		42,723
Less current obligations under leases	(5,933)		(9,592)
Non-current lease obligations	$	39,156	$	33,131

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 October 31, 2023 were as follows (in thousands):

Year Ending January 31,	Finance Lease		Operating Leases
Remainder of 2024	$	2,018	$	2,757
2025	8,445		12,321
2026	8,711		9,207
2027	8,711		6,457
2028	8,711		5,625
Thereafter	16,696		13,281
Total minimum payments	53,292		49,648
Less imputed interest	(8,203)		(6,925)
Present value of future minimum lease payments	45,089		42,723
Less current obligations under leases	(5,933)		(9,592)
Non-current lease obligations	$	39,156	$	33,131