Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

v3.21.1
Operating Leases (Tables)
3 Months Ended
Apr. 30, 2021
Leases [Abstract]  
Summary of Lease Costs

Lease costs are presented below (in thousands):

 

 

Three Months Ended April 30,

 

 

2021

 

 

2020

 

Operating lease cost

$

1,734

 

 

$

1,879

 

Short-term lease cost

 

925

 

 

 

3,329

 

Variable lease cost

 

125

 

 

 

425

 

Total

$

2,784

 

 

$

5,633

 

Weighted Average Lease Term and Discount Rate Related to Operating Lease Right-of-Use Assets and Lease Liabilities

Weighted-average lease term and the discount rate related to our operating lease right-of-use assets and lease liabilities were as follows:

 

 

As of

 

 

 

April 30, 2021

 

 

January 31, 2021

 

Weighted-average remaining lease term (years)

 

 

3.8

 

 

 

3.8

 

Weighted-average discount rate

 

 

8

%

 

 

8

%

Summary of Future Undiscounted Lease Payments for Operating Lease Liabilities

Future undiscounted lease payments for our operating lease liabilities as of April 30, 2021 were as follows (in thousands):

 

 

 

Amount

 

Remainder of year ending January 31, 2022

 

$

5,658

 

Year ending January 31,

 

 

 

 

2023

 

 

7,215

 

2024

 

 

4,736

 

2025

 

 

1,732

 

2026

 

 

753

 

Thereafter

 

 

2,000

 

   Total operating lease payments

 

 

22,094

 

   Less: imputed interest

 

 

(2,870

)

     Total operating lease liabilities

 

$

19,224