| Leases |
Leases Leases The company has operating leases primarily related to corporate offices and certain equipment, and finance leases primarily related to data center equipment. Our leases have remaining lease terms of less than 1 year to 8 years, some of which include options to extend the leases for up to 5 years. The components of lease expense recorded in the condensed consolidated statement of operations were as follows (in thousands): | | | | | | Three Months Ended April 30, 2019 | Operating lease cost | $ | 2,731 |
| Finance lease cost: | | Amortization of assets | 972 |
| Interest on lease liabilities | 66 |
| Short-term lease cost | 127 |
| Variable lease cost | 403 |
| Total lease costs | $ | 4,299 |
|
Supplemental balance sheet information related to leases was as follows (in thousands): | | | | | | | | Financial Statement Line Item | | As of April 30, 2019 | Assets: | | | | Operating lease assets | Operating lease right-of-use assets | | $ | 51,514 |
| Finance lease assets | Property and equipment, net | | 5,284 |
| Total leased assets | | | $ | 56,798 |
| | | | | Liabilities: | | | | Current | | | | Operating | Operating lease liabilities, current | | $ | 9,423 |
| Finance | Finance lease liabilities, current | | 3,410 |
| Non-current | | | | Operating | Operating lease liabilities, non-current | | 44,571 |
| Finance | Finance lease liabilities, non-current | | 1,994 |
| Total Lease Liabilities: | | | $ | 59,398 |
|
Other information related to leases was as follows (in thousands): | | | | | | Three Months Ended April 30, 2019 | Supplemental cash flow information: | | Cash paid for amounts included in the measurement of lease liabilities: | | Operating cash flows from operating leases* | $ | 2,167 |
| Operating cash flows from finance leases | 66 |
| Financing cash flows from finance leases | 1,014 |
| Right-of-use assets obtained in exchange for lease obligations: | | Operating leases | — |
| Finance leases | 486 |
| | | Weighted-average remaining lease term (in years): | | Operating leases | 6.6 |
| Finance leases | 1.7 |
| | | Weighted-average discount rate: | | Operating leases | 6.4 | % | Finance leases | 4.8 | % |
*Includes cash paid for lease liability accretion of $0.8 million. As of April 30, 2019, remaining maturities of lease liabilities (in thousands) were as follows: | | | | | | | | | | Operating Leases | | Finance Leases | Remainder of fiscal 2020 | $ | 7,270 |
| | $ | 3,005 |
| Fiscal 2021 | 9,789 |
| | 2,006 |
| Fiscal 2022 | 9,930 |
| | 578 |
| Fiscal 2023 | 10,142 |
| | — |
| Fiscal 2024 | 10,371 |
| | — |
| Thereafter | 18,885 |
| | — |
| Total lease payments | $ | 66,387 |
| | $ | 5,589 |
| Less: imputed interest | (12,393 | ) | | (185 | ) | Total | $ | 53,994 |
| | $ | 5,404 |
|
As of April 30, 2019, we had signed leases for additional office space that had not yet commenced. Future noncancelable lease payments associated with these agreements total $10.2 million, payable over lease terms of approximately 7 years. Total rent and related operating expenses recorded under Topic 840, the previous lease standard, were approximately $1.5 million for the three months ended April 30, 2018. |
| Leases |
Leases Leases The company has operating leases primarily related to corporate offices and certain equipment, and finance leases primarily related to data center equipment. Our leases have remaining lease terms of less than 1 year to 8 years, some of which include options to extend the leases for up to 5 years. The components of lease expense recorded in the condensed consolidated statement of operations were as follows (in thousands): | | | | | | Three Months Ended April 30, 2019 | Operating lease cost | $ | 2,731 |
| Finance lease cost: | | Amortization of assets | 972 |
| Interest on lease liabilities | 66 |
| Short-term lease cost | 127 |
| Variable lease cost | 403 |
| Total lease costs | $ | 4,299 |
|
Supplemental balance sheet information related to leases was as follows (in thousands): | | | | | | | | Financial Statement Line Item | | As of April 30, 2019 | Assets: | | | | Operating lease assets | Operating lease right-of-use assets | | $ | 51,514 |
| Finance lease assets | Property and equipment, net | | 5,284 |
| Total leased assets | | | $ | 56,798 |
| | | | | Liabilities: | | | | Current | | | | Operating | Operating lease liabilities, current | | $ | 9,423 |
| Finance | Finance lease liabilities, current | | 3,410 |
| Non-current | | | | Operating | Operating lease liabilities, non-current | | 44,571 |
| Finance | Finance lease liabilities, non-current | | 1,994 |
| Total Lease Liabilities: | | | $ | 59,398 |
|
Other information related to leases was as follows (in thousands): | | | | | | Three Months Ended April 30, 2019 | Supplemental cash flow information: | | Cash paid for amounts included in the measurement of lease liabilities: | | Operating cash flows from operating leases* | $ | 2,167 |
| Operating cash flows from finance leases | 66 |
| Financing cash flows from finance leases | 1,014 |
| Right-of-use assets obtained in exchange for lease obligations: | | Operating leases | — |
| Finance leases | 486 |
| | | Weighted-average remaining lease term (in years): | | Operating leases | 6.6 |
| Finance leases | 1.7 |
| | | Weighted-average discount rate: | | Operating leases | 6.4 | % | Finance leases | 4.8 | % |
*Includes cash paid for lease liability accretion of $0.8 million. As of April 30, 2019, remaining maturities of lease liabilities (in thousands) were as follows: | | | | | | | | | | Operating Leases | | Finance Leases | Remainder of fiscal 2020 | $ | 7,270 |
| | $ | 3,005 |
| Fiscal 2021 | 9,789 |
| | 2,006 |
| Fiscal 2022 | 9,930 |
| | 578 |
| Fiscal 2023 | 10,142 |
| | — |
| Fiscal 2024 | 10,371 |
| | — |
| Thereafter | 18,885 |
| | — |
| Total lease payments | $ | 66,387 |
| | $ | 5,589 |
| Less: imputed interest | (12,393 | ) | | (185 | ) | Total | $ | 53,994 |
| | $ | 5,404 |
|
As of April 30, 2019, we had signed leases for additional office space that had not yet commenced. Future noncancelable lease payments associated with these agreements total $10.2 million, payable over lease terms of approximately 7 years. Total rent and related operating expenses recorded under Topic 840, the previous lease standard, were approximately $1.5 million for the three months ended April 30, 2018. |