XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.2
Leases - (Tables)
6 Months Ended
Jul. 31, 2019
Leases [Abstract]  
Lease costs
Supplemental cash flow information related to our operating leases for the six months ended July 31, 2019 as well as the weighted-average remaining lease term and weighted-average discount rate as of July 31, 2019 were as follows:
Cash paid for amounts included in the measurement of lease liabilities (in thousands)
$
16,167

Operating lease right-of-use assets obtained in exchange for operating lease liabilities
$
3,449

Weighted-average remaining lease term (years)
5.28

Weighted-average discount rate
6.46
%

The components of lease costs were as follows (in thousands):
 
Three Months Ended
 
Six Months Ended
 
July 31, 2019
 
July 31, 2019
Fixed operating lease cost
$
8,228

 
$
16,711

Variable lease cost (1)
2,242

 
4,342

Short-term lease cost (12 months or less)
1,484

 
2,345

Total lease cost
$
11,954

 
$
23,398

——————————
(1) Variable lease cost for the three and six months ended July 31, 2019 predominantly includes common area maintenance charges.
Future minimum lease payments
Future lease payments under our non-cancelable operating leases as of July 31, 2019 were as follows (in thousands):
Fiscal Years Ending January 31,
Operating Leases
The remainder of 2020
$
16,579

2021
33,269

2022
26,781

2023
21,478

2024
15,434

Thereafter
31,236

Total future lease payments
144,777

Less: imputed interest
(23,831
)
Present value of lease liabilities
$
120,946


Schedule of future minimum rental payments for operating leases
As previously disclosed in our Annual Report on Form 10-K for the year ended January 31, 2019 and under the previous lease accounting standard, ASC 840, Leases, the following table summarizes the future minimum lease payments due under operating leases as of January 31, 2019 (in thousands):
Year Ending January 31,
Operating Leases
2020
$
31,297

2021
28,573

2022
24,381

2023
20,440

2024
14,780

Thereafter
30,096

Total
$
149,567