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Leases (Tables)

12 Months Ended

Jan. 31, 2021

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 consolidated statements of operations, were as follows (in thousands):

	Year End January 31,
	2021			2020
Finance lease cost:
Amortization of finance lease right-of-use assets	$	54,630		$	43,448
Interest on finance lease liabilities		5,753			4,483
Operating lease cost, gross		54,243			48,870
Variable lease cost, gross		9,288			11,862
Sublease income		(10,969	)		(11,504	)
Total lease cost (1)	$	112,945		$	97,159

(1)	Short-term lease cost was not material for the periods presented and is not included in the table above.

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

	Year End January 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	59,478	$	48,675
Operating cash flows for finance leases		6,358		4,052
Financing cash flows for finance leases		60,020		38,542
Right-of-use assets obtained in exchange of lease obligations (1)
Operating leases	$	39,267	$	233,255
Finance leases		31,282		103,420

(1)	Amounts disclosed for the year ended January 31, 2020 include the adoption impact of ASC Topic 842 on the opening balance sheet as of February 1, 2019.

Supplemental information related to the remaining lease term and discount rate was as follows:

	January 31,
	2021			2020
Weighted-average remaining lease term (in years)
Operating leases		5.77			6.67
Finance leases		2.35			2.93

Weighted-average discount rate
Operating leases		5.27	%		5.40	%
Finance leases		4.44	%		4.56	%

Summary of Maturities of Operating and Finance Lease Liabilities

As of January 31, 2021, maturities of our operating and finance lease liabilities, which do not include short-term leases and variable lease payments, are as follows (in thousands):

Fiscal years ending January 31:	Operating Leases (1)			Finance Leases
2022	$	59,002		$	53,788
2023		49,576			41,770
2024		48,093			19,357
2025		32,435			1,555
2026		28,348			—
Thereafter		63,562			—
Total lease payments	$	281,016		$	116,470
Less: imputed interest		(40,714	)		(6,231	)
Present value of total lease liabilities	$	240,302		$	110,239

(1)	Non-cancellable sublease proceeds for the fiscal years ending January 31, 2022, 2023, 2024, and 2025 of $9.3 million, $8.8 million, $2.3 million, and $2.1 million, respectively, are not included in the table above.