We lease real estate, as well as other equipment, under non-cancelable operating lease agreements. We recognize expenses under our operating lease assets and liabilities at the commencement date based on the present value of lease payments over the lease terms. Our leases do not provide an implicit interest rate. We use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. Our lease agreements do not require material variable lease payments, residual value guarantees, or restrictive covenants. For operating leases, we recognize expense on a straight-line basis over the lease term. We record tenant improvement allowances as an offsetting adjustment included in our calculation of the respective right-of-use asset.

Many of our leases include renewal options that can extend the lease term. These renewal options are at our sole discretion and are reflected in the lease term when they are reasonably certain to be exercised. The depreciable life of assets and leasehold improvements are limited by the expected lease term.

The amounts of assets and liabilities related to our operating leases as of July 31, 2022 are as follows (in thousands):


	July 31, 2022			April 30, 2022
Operating Leases
Right-of-use assets	$	29,422		$	27,475
Accumulated amortization		(4,005	)		(3,591	)
Right-of-use assets, net	$	25,417		$	23,884

Lease liabilities, current portion	$	1,618		$	1,803
Lease liabilities, net of current portion		24,739			23,076
Total operating lease liabilities	$	26,357		$	24,879

For the three months ended July 31, 2022, we recorded $1.0 million of operating lease costs, of which $47,000 were short-term operating lease costs. For the three months ended July 31, 2021, we recorded $901,000 of operating lease costs, of which $51,000 were short-term operating lease costs. As of July 31, 2022, our weighted average lease term and weighted average discount rate for our operating leases were 16.0 years and 5.4%, respectively. The operating lease costs, weighted average lease term, and weighted average discount rate, are primarily driven by the sublease of our corporate office and warehouse facility in Columbia, Missouri through fiscal 2039. The depreciable lives of right-of-use assets are limited by the lease term and are amortized on a straight-line basis over the life of the lease.

During the three months ended July 31, 2022, we amended the existing operating lease for our corporate office and warehouse facility in Columbia, Missouri to expand our usable square footage in our warehouse. The term of the lease remains unchanged, through fiscal 2039. During the three months ended July 31, 2022, we recorded a right-of-use asset and lease liability of $1.9 million.

Future lease payments for all our operating leases for the remainder of fiscal 2023 and for succeeding fiscal years, as of July 31, 2022, are as follows (in thousands):


	Operating
2023	$	2,411
2024		2,221
2025		2,228
2026		2,177
2027		2,207
2028		2,238
Thereafter		26,426
Total future lease payments		39,908
Less amounts representing interest		(13,551	)
Present value of lease payments		26,357
Less current maturities of lease liabilities		(1,618	)
Long-term maturities of lease liabilities	$	24,739

The cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $481,000 and $443,000 for the three months ended July 31, 2022 and 2021, respectively.