Leases

9 Months Ended

Oct. 31, 2020

Leases [Abstract]

Leases

Leases

The Company has entered into various non-cancelable office space operating leases with original lease periods expiring between 2021 and 2028. These leases do not contain material variable rent payments, residual value guarantees, covenants or other restrictions.

Operating lease costs were as follows (in thousands):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2020		2019		2020		2019
	(unaudited)
Operating lease cost(1)	$	8,554	$	5,882	$	24,258	$	16,965

(1) Amounts are presented exclusive of sublease income and include short-term leases, which are immaterial.

The weighted-average remaining term of the Company’s operating leases was 7.1 and 7.9 years and the weighted-average discount rate used to measure the present value of the operating lease liabilities was 5.6% and 5.7% as of October 31, 2020 and January 31, 2020, respectively.

Maturities of the Company’s operating lease liabilities, which do not include short-term leases, as of October 31, 2020 were as follows (in thousands):

	Operating Leases
	(unaudited)
2021	$	5,475
2022	37,094
2023	37,758
2024	38,655
2025	36,111
Thereafter	99,860
Total lease payments	254,953
Less imputed interest	(47,078)
Total operating lease liabilities	$	207,875

Cash payments included in the measurement of the Company’s operating lease liabilities were $7.7 million and $6.1 million for the three months ended October 31, 2020 and 2019, respectively, and $22.7 million and $10.9 million for the nine months ended October 31, 2020 and 2019, respectively.