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Operating Leases (Tables)

9 Months Ended

Oct. 31, 2019

Summary of Supplemental Balance Sheet Information Related to Leases

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

	As of
	October 31, 2019
Assets
Operating lease ROU assets	$	4,341
Total leased assets	$	4,341

Liabilities
Short-term operating lease liabilities	$	1,629
Long-term operating lease liabilities		2,892
Total lease liabilities	$	4,521

Weighted-average remaining lease term	3.2 years
Weighted-average discount rate		5.75	%

Components of Lease Expense

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

	Three Months Ended		Nine Months Ended
	October 31, 2019		October 31, 2019
Operating lease costs ⁽¹⁾	$	684	$	1,898
Variable lease costs ⁽²⁾		306		784
Total lease cost	$	990	$	2,682

⁽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		Nine Months Ended
	October 31, 2019		October 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	534	$	1,587
ROU assets recognized in exchange for new operating lease obligations		1,492		1,612

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

As of October 31, 2019, maturities of lease liabilities under non-cancelable operating leases were as follows (in thousands):

Fiscal Years Ending January 31,	October 31, 2019
2020 - remainder of fiscal year	$	422
2021		1,616
2022		1,546
2023		915
2024		461
Total lease payments		4,960
Less: imputed interest		(439	)
Present value of lease liabilities	$	4,521

Minimum Rental Payments Under Non-Cancelable Operating Leases

As of January 31, 2019, future minimum rental payments under 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⁽¹⁾Amounts are based on Topic 840, Leases that was superseded upon the Company’s adoption of Topic 842 on February 1, 2019.