v3.20.4
Leases
12 Months Ended
Jan. 31, 2021
Leases [Abstract]  
Leases Leases
Operating Leases
The Company has entered into non-cancelable operating lease agreements with various expiration dates through fiscal 2027. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments.
For the fiscal year ended January 31, 2021, cash paid for amounts included in the measurement of operating lease liabilities were $11.0 million. Operating lease liabilities arising from obtaining operating right of-use assets was $6.2 million during the fiscal year ended January 31, 2021.
As of January 31, 2021, the weighted-average remaining lease term is 4.1 years, and the weighted-average discount rate is 5.9%.
The component of lease costs was as follows:
January 31, 2021
(in thousands)
Lease cost
Operating lease cost$10,308 
Short-term lease cost1,957 
Variable lease cost3,007 
Total lease cost$15,272 
There was no sublease income for the fiscal year ended January 31, 2021. Total lease expense recognized prior to the adoption of Topic 842 were $10.3 million and $6.9 million for the year ended January 31, 2020 and January 31, 2019, respectively.
The maturities of the Company’s non-cancelable operating lease liabilities are as follows:
January 31, 2021
(in thousands)
Fiscal 2022$10,187 
Fiscal 202310,879 
Fiscal 202410,816 
Fiscal 20259,973 
Fiscal 20264,050 
Thereafter279 
Total operating lease payments46,184 
Less: imputed interest(5,221)
Present value of operating lease liabilities$40,963 

Future minimum payments under non-cancelable operating leases determined using the prior accounting guidance consisted of the following as of January 31, 2020:
Real Estate Arrangements
(in thousands)
Fiscal 2021$9,958 
Fiscal 20229,869 
Fiscal 20239,377 
Fiscal 20249,370 
Fiscal 20258,441 
Thereafter3,671 
Total$50,686