Quarterly report pursuant to Section 13 or 15(d)

Operating Leases

v3.22.1
Operating Leases
3 Months Ended
Apr. 30, 2022
Leases [Abstract]  
Operating Leases Operating Leases
Our operating leases consist of real estate and vehicles and have remaining lease terms of one year to 16 years. For purposes of calculating operating lease liabilities, lease terms may be deemed to include options to extend the lease when it is reasonably certain that we will exercise those options. Our operating lease arrangements do not contain any material restrictive covenants or residual value guarantees.
Lease costs are presented below (in thousands):
Three Months Ended April 30,
2022 2021
Operating lease cost $ 2,759  $ 1,734 
Short-term lease cost 1,508  925 
Variable lease cost 207  125 
Sublease income (1)
(532) — 
Total $ 3,942  $ 2,784 
(1) Included in other expense, net in the condensed consolidated statements of operations.
The following table represents the weighted-average remaining lease term and discount rate as of the periods presented:
As of
April 30, 2022 January 31, 2022
Weighted-average remaining lease term (years) 14.1 13.7
Weighted-average discount rate 6.3  % 6.5  %
Future undiscounted lease payments for our operating lease liabilities as of April 30, 2022 were as follows (in thousands):
Amount
Remainder of year ending January 31, 2023 $ 285 
Year ending January 31,
2024 9,452 
2025 7,466 
2026 5,010 
2027 4,030 
Thereafter 48,123 
Total operating lease payments 74,366 
Less: imputed interest (26,671)
Total operating lease liabilities $ 47,695 
Current operating lease liabilities of $1.3 million and $1.6 million were included in accrued expenses and other current liabilities on our condensed consolidated balance sheets as of April 30, 2022 and January 31, 2022, respectively.
Supplemental cash flow information related to leases for the three months ended April 30, 2022 and 2021 was as follows (in thousands):
Three Months Ended April 30,
2022 2021
Cash paid for amounts included in the measurement of operating lease liabilities $ 2,064  $ 1,898 
Operating lease ROU assets obtained in exchange for new operating lease liabilities $ 770  $ 710