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.

Cash paid for amounts included in the measurement of operating lease liabilities was $2.9 million and $2.4 million for the three months ended April 30, 2021 and April 30, 2020, respectively. Operating lease liabilities arising from obtaining operating right-of-use assets was $2.6 million and none for the three months ended April 30, 2021 and April 30, 2020, respectively.

As of April 30, 2021, the weighted-average remaining lease term is 3.9 years, and the weighted-average discount rate is 5.6%.


	April 30, 2021		April 30, 2020

	(in thousands)
Lease cost
Operating lease cost	$	2,766	$	2,283
Short-term lease cost	496		493
Variable lease cost	849		836
Total lease cost	$	4,111	$	3,612

There was no sublease income for the three months ended April 30, 2021 or April 30, 2020. As of April 30, 2021, the Company has not entered into any non-cancelable operating leases with a term greater than 12 months that have not yet commenced.

The maturities of the Company’s non-cancelable operating lease liabilities are as follows:


	April 30, 2021
	(in thousands)
Fiscal 2022 (remaining nine months)	$	7,279
Fiscal 2023	11,578
Fiscal 2024	11,539
Fiscal 2025	10,421
Fiscal 2026	4,412
Thereafter	428
Total operating lease payments	45,657
Less: imputed interest	(4,866)
Present value of operating lease liabilities	$	40,791