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COMMITMENTS | 12 Months Ended
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Jan. 31, 2018
COMMITMENTS |
COMMITMENTS | NOTE 11 — COMMITMENTS The Company leases certain office space and other facilities under non-cancelable operating leases expiring on various dates through December 2023. Certain leases contain renewal options. As it is management’s intention to continue to occupy the headquarters facility of SMC, the future minimum lease payment amounts presented below include the payment amounts associated with the one remaining two-year option term. The future minimum lease payments presented below also include amounts due under a long-term lease covering the primary offices and plant for TRC with the founder and current chief executive officer of TRC at an annual rate of $0.3 million through April 30, 2019, as well as amounts due under a long-term lease covering the primary offices for APC with several of its current executives at an annual rate of less than $0.1 million through January 1, 2024. None of the Company’s leases include significant amounts for incentives, rent holidays, penalties, or price escalations. Under certain lease agreements, the Company is obligated to pay property taxes, insurance, and maintenance costs. The following is a schedule of future minimum lease payments for the operating leases that had initial or remaining non-cancelable lease terms in excess of one year as of January 31, 2018:
2019 |  | $ | 685 |
2020 |  | 471 |
2021 |  | 214 |
2022 |  | 185 |
2023 |  | 160 |
Thereafter |  | 169 |
Total |  | $ | 1,884 |
The Company also uses equipment and occupies other facilities under non-cancelable operating leases and short-term rental agreements. Rent incurred on construction projects and included in the costs of revenues was $20.3 million, $13.2 million and $15.0 million for the fiscal years ended January 31, 2018, 2017 and 2016, respectively. Rent expense amounts included in selling, general and administrative expenses were $0.7 million, $0.6 million and $0.3 million for the fiscal years ended January 31, 2018, 2017 and 2016, respectively.

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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