Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.22.2.2
Leases
 6 Months Ended
Jul. 31, 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 July 31, 2022 Six Months Ended July 31, 2022
Operating lease cost $ 1,883  $ 3,730 
Variable lease cost 6  12 
Short-term lease cost 178  366 
Total lease cost $ 2,067  $ 4,108 
Supplemental cash flow and balance sheet information related to operating leases is as follows (in thousands):
July 31, 2022
Cash flow information
Operating cash flows paid for operating leases $ 3,778 
Balance sheet information
Operating lease right-of-use assets $ 13,094 
Operating lease liabilities, current 6,525 
Operating lease liabilities, long-term 7,311 
Total operating lease liabilities $ 13,836 
Other information related to leases was as follows:
July 31, 2022
Weighted average remaining lease term 2.6 years
Weighted average discount rate 10.9  %
As of July 31, 2022, the maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, was as follows (in thousands):
July 31, 2022
Remainder of 2023 $ 3,859 
2024 6,913 
2025 2,522 
2026 1,413 
2027 1,208 
Thereafter — 
Total minimum lease payments 15,915 
Less: imputed interest (2,079)
Total $ 13,836 
Rent expense for operating leases for the three and six months ended July 31, 2021, which were accounted for under ASC 840, Leases (“ASC 840”), was $1.6 million and $3.2 million, respectively.
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