Leases

3 Months Ended

Jul. 31, 2020

Leases [Abstract]

Leases

Leases

The Company’s operating leases are primarily related to facility leases for administration and sales. The operating leases have terms ranging from three to five years. While each of the leases includes renewal options, the Company has only included the base lease term in its calculation of lease assets and liabilities. The Company does not have any finance leases.

Balance sheet information related to operating leases is as follows (in thousands):

	July 31, 2020
Assets
Right of use assets	$	1,920
Liabilities
Current lease liabilities	782
Long-term lease liabilities	1,265
Total liabilities	$	2,047

Lease cost information related to operating leases is as follows (in thousands):

	Three Months Ended July 31, 2020
Lease cost
Operating lease cost	$	194
Short-term lease cost	158
Variable lease cost	69
Total lease cost	$	421

Lease costs are primarily included in "Sales and marketing" and "General and administrative" expenses in the Company’s Condensed Consolidated Statements of Operations.

The impact of the Company's leases on Condensed Consolidated Statement of Cash Flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $0.4 million during the three months ended July 31, 2020. On May 1, 2020, the Company extended the lease between John J. Flatley Company, and Logility, Inc., an additional two years for the office building located in New Hampshire ending on April 30, 2022.

Weighted average information associated with the measurement of the Company’s remaining operating lease obligations is as follows:

	July 31, 2020
Weighted average remaining lease term	3.0 years
Weighted average discount rate	3.4	%

The following table summarizes the maturity of the Company’s operating lease liabilities as of July 31, 2020 (in thousands):

FY2021	$	596
FY2022	723
FY2023	463
FY2024	346
FY2025	20
Thereafter	—
Total operating lease payments	$	2,148
Less imputed interest	(101)
Total operating lease liabilities	$	2,047

The Company leases to other tenants a portion of its headquarters building that it owns in Atlanta, Georgia. The leases expire at various dates through October 2025. Lease income is included in "Other, net" in the Company’s Condensed Consolidated Statements of Operations and totaled approximately $0.1 million for the three months ended July 31, 2020. Lease payments to be received as of July 31, 2020 are as follows (in thousands):

FY2021	$	123
FY2022	149
FY2023	96
FY2024	98
FY2025	100
Thereafter	50
Total	$	616

Leases

Leases

The Company’s operating leases are primarily related to facility leases for administration and sales. The operating leases have terms ranging from three to five years. While each of the leases includes renewal options, the Company has only included the base lease term in its calculation of lease assets and liabilities. The Company does not have any finance leases.

Balance sheet information related to operating leases is as follows (in thousands):

	July 31, 2020
Assets
Right of use assets	$	1,920
Liabilities
Current lease liabilities	782
Long-term lease liabilities	1,265
Total liabilities	$	2,047

Lease cost information related to operating leases is as follows (in thousands):

	Three Months Ended July 31, 2020
Lease cost
Operating lease cost	$	194
Short-term lease cost	158
Variable lease cost	69
Total lease cost	$	421

Lease costs are primarily included in "Sales and marketing" and "General and administrative" expenses in the Company’s Condensed Consolidated Statements of Operations.

The impact of the Company's leases on Condensed Consolidated Statement of Cash Flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $0.4 million during the three months ended July 31, 2020. On May 1, 2020, the Company extended the lease between John J. Flatley Company, and Logility, Inc., an additional two years for the office building located in New Hampshire ending on April 30, 2022.

Weighted average information associated with the measurement of the Company’s remaining operating lease obligations is as follows:

	July 31, 2020
Weighted average remaining lease term	3.0 years
Weighted average discount rate	3.4	%

The following table summarizes the maturity of the Company’s operating lease liabilities as of July 31, 2020 (in thousands):

FY2021	$	596
FY2022	723
FY2023	463
FY2024	346
FY2025	20
Thereafter	—
Total operating lease payments	$	2,148
Less imputed interest	(101)
Total operating lease liabilities	$	2,047

The Company leases to other tenants a portion of its headquarters building that it owns in Atlanta, Georgia. The leases expire at various dates through October 2025. Lease income is included in "Other, net" in the Company’s Condensed Consolidated Statements of Operations and totaled approximately $0.1 million for the three months ended July 31, 2020. Lease payments to be received as of July 31, 2020 are as follows (in thousands):

FY2021	$	123
FY2022	149
FY2023	96
FY2024	98
FY2025	100
Thereafter	50
Total	$	616