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Operating Leases (Tables)

3 Months Ended

Apr. 30, 2019

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows (in thousands):

	April 30, 2019
Assets
Operating lease right-of-use assets	$	3,740
Total leased assets	$	3,740

Liabilities
Short-term operating lease liabilities	$	1,836
Long-term operating lease liabilities		2,136
Total lease liabilities	$	3,972

Weighted-average remaining lease term	2.6 years
Weighted-average discount rate		5.75	%

Components of Lease Expense

The components of lease expense were as follows (in thousands):

	Three Months Ended
	April 30, 2019
Operating lease costs ⁽¹⁾	$	596
Variable lease costs ⁽²⁾		234
Total lease cost	$	830

⁽¹⁾ Operating lease costs are recognized on a straight-line basis over the lease term. Includes costs for short-term leases with an initial term of twelve months or less, which were not material.

⁽²⁾ Variable lease costs primarily included common area maintenance, utilities and property taxes and insurance, which were expensed as incurred.

Summary of Supplemental Cash Flow Information Related to Leases

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

	Three Months Ended
	April 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	526
Right-of-use assets recognized in exchange for new operating lease obligations		120

Summary of Maturities of Lease Liabilities Under Non-cancelable Operating Leases

As of April 30, 2019, maturities of lease liabilities under the Company’s non-cancelable operating leases were as follows (in thousands):

Fiscal Years Ended January 31,	April 30, 2019
2020 - remainder of fiscal year	$	1,482
2021		1,436
2022		1,034
2023		274
2024		48
Total lease payments		4,274
Less: imputed interest		(302	)
Present value of lease liabilities	$	3,972

Minimum Rental Payments Under Non-Cancelable Operating Leases

As of January 31, 2019, future minimum rental payments under the Company’s non-cancelable operating leases were as follows (in thousands):

Fiscal Years Ending January 31,	January 31, 2019
2020	$	1,983
2021		1,408
2022		917
2023		266
2024		49
Total ⁽¹⁾	$	4,623

⁽¹⁾	Amounts are based on Topic 840, Leases that was superseded upon the Company’s adoption of Topic 842 on February 1, 2019.