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Commitment and contingencies
9 Months Ended
Oct. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments and contingencies
Commitments and contingencies
The Company’s principal commitments and contingencies consist of a processing services agreement with a vendor, and obligations for office space, data storage facilities, equipment and certain maintenance agreements under long-term, non-cancelable operating leases. These commitments as of January 31, 2014 are disclosed in the Company’s consolidated financial statements included in its final prospectus (dated July 30, 2014) filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933 on August 1, 2014, and did not change materially during the three and nine months ended October 31, 2014 except for the following:
In March 2014, the Company modified its corporate office lease to expand its existing space for an additional commitment of $1.1 million over the term of the original lease.
Lease expense for office space for the three and nine months ended October 31, 2014 was $374,000 and $944,000, respectively, and $237,000 and $672,000 for the three and nine months ended October 31, 2013, respectively. Expense for other lease agreements for the three and nine months ended October 31, 2014 was $67,000 and $166,000, respectively, and $62,000 and $127,000 for the three and nine months ended October 31, 2013, respectively.