Leases (Tables)

3 Months Ended

Apr. 30, 2019

Leases Tables Abstract

Condensed consolidated balance sheet

Leases (000’s)	Classification	April 30, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	2,234
Liabilities
Current
Operating	Current portion of operating lease liabilities		676
Noncurrent
Operating	Long-term portion of operating lease liabilities		1,559
Total Lease Obligations		$	2,235

Schedule of lease cost

	Classification	Three Months Ended April 30, 2019
Operating lease cost	Cost of goods sold	$	145
	Operating expenses	$	119
Short-term lease cost		$	36

Maturities of operating lease liabilities

Year ending January 31,	Operating Leases (a)
Remainder of fiscal year 2020	$	675
2021		697
2022		567
2023		486
2024		14
Thereafter		81
Total lease payments	$	2,520
Less: Interest		286
Present value of lease liability	$	2,235

Weighted-average lease terms and discount rates

Weighted-average lease terms and discount rates are as follows:

Weighted-average remaining lease term (years)	April 30, 2019
Operating leases		3.4
Weighted-average discount rate
Operating leases		6.0	%

Supplemental cash flow information related to leases for the three months ended April 30, 2019 were as follows

(in 000’s):

Cash paid for amounts included in the measurement of lease liabilities;	Three Months Ended April 30, 2019
Operating cash flows from operating leases	$	264
Leased assets obtained in exchange for new operating lease liabilities	$	2,486

Rent costs

Year ended January 31,	Gross rental
2019	$	1,022,162
2018	$	841,235

Minimum annual rental commitments

Year ending January 31,
2020		761,350
2021		446,494
2022		435,310
2023		313,633
2024		8,418
and thereafter		8,944
Total	$	1,974,149