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Leases (Tables)

9 Months Ended

Oct. 31, 2019

Summary of Components of Lease Cost, Supplemental Cash Flow Information and Supplemental Information Related to Remaining Lease Term and Discount Rate

The components of lease cost, which were included in operating expenses in our condensed consolidated statements of operations, were as follows (in thousands):

	Three Months Ended			Nine Months Ended
	October 31,			October 31,
	2019			2019
Finance lease cost:
Amortization of finance lease right-of-use assets	$	11,713		$	29,823
Interest on finance lease liabilities		1,312			2,987
Operating lease cost, gross		12,300			36,533
Variable lease cost, gross		3,040			8,741
Sublease income		(2,741	)		(8,327	)
Total lease cost (1)	$	25,624		$	69,757

(1)

Short-term lease cost for the three and nine months ended October 31, 2019 was not material and is not included in the table above.

Supplemental cash flow information related to leases was as follows (in thousands):

	Three Months Ended		Nine Months Ended
	October 31,		October 31,
	2019		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	11,562	$	35,053
Operating cash flows for finance leases		802		2,531
Financing cash flows for finance leases		7,055		26,200
Right-of-use assets obtained in exchange of lease obligations (1)
Operating leases		1,016		230,371
Finance leases		40,530		84,950

(1)

Includes the adoption impact of ASC Topic 842 on the opening balance sheet as of February 1, 2019 as disclosed in Note 1.

Supplemental information related to the remaining lease term and discount rate was as follows (in thousands):

	October 31,
	2019
Weighted-average remaining lease term (in years)
Operating leases		6.84
Finance leases		3.07

Weighted-average discount rate
Operating leases		5.41	%
Finance leases		4.29	%

Summary of Maturities of Operating and Finance Lease Liabilities

As of October 31, 2019, maturities of our operating and finance lease liabilities, which do not include short-term leases and variable lease payments, are as follows (in thousands):

Years ending January 31:	Operating Leases (1)			Finance Leases
Remainder of 2020	$	14,577		$	17,559
2021		51,175			48,240
2022		48,918			38,084
2023		39,241			29,160
2024		37,230			8,742
Thereafter		115,241			—
Total lease payments	$	306,382		$	141,785
Less: imputed interest		(52,678	)		(9,842	)
Present value of total lease liabilities	$	253,704		$	131,943

(1)

Non-cancellable sublease proceeds for the remainder of the fiscal year ending January 31, 2020 and the fiscal years ending January 31, 2021, 2022, and 2023 of $1.4 million, $9.5 million, $7.1 million, and $6.1 million, respectively, are not included in the table above.