Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.22.1
Leases
 3 Months Ended
Apr. 30, 2022
Leases [Abstract]  
Leases Leases
The Company has operating leases for corporate offices under non-cancelable operating leases with various expiration dates. There are no finance leases.
The components of lease expense were as follows (in thousands):
Three Months Ended April 30, 2022
Operating lease cost $ 1,847 
Variable lease cost 7 
Short-term lease cost 188 
Total lease cost $ 2,042 
Supplemental cash flow and balance sheet information related to operating leases is as follows (in thousands):
April 30, 2022
Cash flow information
Operating cash flows paid for operating leases $ 1,678 
Balance sheet information
Operating lease right-of-use assets $ 14,756 
Operating lease liabilities, current 7,661 
Operating lease liabilities, long-term 8,305 
Total operating lease liabilities $ 15,966 
Other information related to leases was as follows:
April 30, 2022
Weighted average remaining lease term 2.7 years
Weighted average discount rate 10.9  %
As of April 30, 2022, the maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, was as follows (in thousands):
April 30, 2022
Remainder of 2023 $ 6,322 
2024 6,994 
2025 2,520 
2026 1,413 
2027 1,208 
Thereafter — 
Total minimum lease payments 18,457 
Less: imputed interest (2,491)
Total $ 15,966 
Rent expense for operating leases for the three months ended April 30, 2021, which were accounted for under ASC 840, Leases (“ASC 840”), was $1.6 million.
As previously disclosed in the Company's consolidated financial statements as of and for the year ended January 31, 2022 and under the previous lease accounting standard, future minimum lease payments under non-cancelable operating leases were as follows (in thousands):
Fiscal year ended January 31,
2023 $ 9,676 
2024 8,036 
2025 3,165 
2026 2,034 
2027 and thereafter 1,726 
Total $ 24,637