Leases (Tables)
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3 Months Ended |
Apr. 30, 2019 |
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| Leases [Abstract] |
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| Lease, Cost |
The following table presents supplemental information related to the Company’s operating and finance leases during the three months ended April 30, 2019 (in thousands, except weighted-average information): | | | | | | Three Months Ended April 30, 2019 | Cash paid for amounts included in the measurement of lease liabilities: | | Operating cash flows from finance lease | $ | — |
| Operating cash flows from operating leases | 1,032 |
| Financing cash flows from finance lease | — |
| Right-of-use assets obtained in exchange for lease obligations: | | Finance lease | $ | — |
| Operating leases | 2,269 |
| Weighted-average remaining lease term (in years): | | Finance lease | 10.7 |
| Operating leases | 4.8 |
| Weighted-average discount rate: | | Finance lease | 5.6 | % | Operating leases | 6.1 | % |
The components of the Company’s lease costs included in its condensed consolidated statement of operations were as follows (in thousands): | | | | | | Three Months Ended April 30, 2019 | Finance lease cost: | | Amortization of right-of-use assets | $ | 994 |
| Interest on lease liabilities | 905 |
| Operating lease cost | 967 |
| Short-term lease cost | 395 |
| Total lease cost | $ | 3,261 |
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| Assets And Liabilities, Lessee |
The balances of the Company’s operating and finance leases were recorded on the condensed consolidated balance sheet as follows (in thousands): | | | | | | April 30, 2019 | Operating Leases: | | Operating lease right-of-use assets | $ | 12,378 |
| Operating lease liabilities (current) | 3,575 |
| Operating lease liabilities, non-current | 9,827 |
| Finance Lease: | | Property and equipment, net | $ | 42,392 |
| Other accrued liabilities | 2,133 |
| Other liabilities, non-current | 62,755 |
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| Finance Lease, Liability, Maturity |
Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of April 30, 2019 were as follows (in thousands): | | | | | | | | | Year Ending January 31, | Finance Lease | | Operating Leases | Remainder of 2020 | $ | 3,732 |
| | $ | 4,017 |
| 2021 | 8,073 |
| | 4,189 |
| 2022 | 8,073 |
| | 2,579 |
| 2023 | 8,073 |
| | 2,529 |
| 2024 | 8,073 |
| | 1,014 |
| Thereafter | 51,274 |
| | 2,103 |
| Total minimum payments | 87,298 |
| | 16,431 |
| Less imputed interest | (22,410 | ) | | (3,029 | ) | Present value of future minimum lease payments | 64,888 |
| | 13,402 |
| Less current obligations under leases | (2,133 | ) | | (3,575 | ) | Non-current lease obligations | $ | 62,755 |
| | $ | 9,827 |
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| Lessee, Operating Lease, Liability, Maturity |
Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of April 30, 2019 were as follows (in thousands): | | | | | | | | | Year Ending January 31, | Finance Lease | | Operating Leases | Remainder of 2020 | $ | 3,732 |
| | $ | 4,017 |
| 2021 | 8,073 |
| | 4,189 |
| 2022 | 8,073 |
| | 2,579 |
| 2023 | 8,073 |
| | 2,529 |
| 2024 | 8,073 |
| | 1,014 |
| Thereafter | 51,274 |
| | 2,103 |
| Total minimum payments | 87,298 |
| | 16,431 |
| Less imputed interest | (22,410 | ) | | (3,029 | ) | Present value of future minimum lease payments | 64,888 |
| | 13,402 |
| Less current obligations under leases | (2,133 | ) | | (3,575 | ) | Non-current lease obligations | $ | 62,755 |
| | $ | 9,827 |
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| Schedule of Future Minimum Lease Payments for Capital Leases |
Future minimum lease payments under non-cancelable financing and operating leases, based on the previous lease accounting standard, as of January 31, 2019, were as follows (in thousands): | | | | | | | | | Year Ending January 31, | Financing Lease | | Operating Leases | 2020 | $ | 3,732 |
| | $ | 4,578 |
| 2021 | 8,073 |
| | 3,765 |
| 2022 | 8,073 |
| | 2,277 |
| 2023 | 8,073 |
| | 2,224 |
| 2024 | 8,073 |
| | 922 |
| Thereafter | 51,274 |
| | 2,149 |
| Total minimum payments | $ | 87,298 |
| | $ | 15,915 |
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| Schedule of Future Minimum Rental Payments for Operating Leases |
Future minimum lease payments under non-cancelable financing and operating leases, based on the previous lease accounting standard, as of January 31, 2019, were as follows (in thousands): | | | | | | | | | Year Ending January 31, | Financing Lease | | Operating Leases | 2020 | $ | 3,732 |
| | $ | 4,578 |
| 2021 | 8,073 |
| | 3,765 |
| 2022 | 8,073 |
| | 2,277 |
| 2023 | 8,073 |
| | 2,224 |
| 2024 | 8,073 |
| | 922 |
| Thereafter | 51,274 |
| | 2,149 |
| Total minimum payments | $ | 87,298 |
| | $ | 15,915 |
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