| Leases Operating Leases The Company has entered into non-cancellable operating lease agreements with various expiration dates through fiscal 2038. 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. The maturities of the Company’s non-cancelable operating lease liabilities are as follows (in thousands): | | | | | | | Total | | Fiscal 2026 (remaining six months) | $ | 6,630 | | | Fiscal 2027 | 16,503 | | | Fiscal 2028 | 15,849 | | | Fiscal 2029 | 11,206 | | | Fiscal 2030 | 9,219 | | | Thereafter | 16,465 | | | Total operating lease payments | 75,872 | | | Less: imputed interest | (10,071) | | | Present value of operating lease liabilities | $ | 65,801 | |
As of July 31, 2025, the Company has entered into non-cancelable operating leases with terms greater than 12 months that have not yet commenced with undiscounted future minimum payments of $89.7 million, which are excluded from the table above. The operating leases are expected to commence between September 2025 and May 2026, with lease terms between 7.0 and 11.6 years
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