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Operating Leases | 6 Months Ended
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Jul. 31, 2022
Leases [Abstract] |
Operating Leases | Note 6: Operating Leases The Company leases its headquarters located in Sunnyvale, California, as well as office and data center space in various locations under non-cancelable operating lease agreements. Supplemental balance sheet information related to leases was as follows (in thousands):
|  |  |  |  |  |  |  |  | As of
|  |  |  |  |  |  |  | July 31, 2022 |  | January 31, 2022
Assets |  |  |  |  |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  |  |  |  |  |  |  | $ | 14,663 |  | $ | 14,396
Total leased assets |  |  |  |  |  |  |  | $ | 14,663 |  | $ | 14,396
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Short-term operating lease liabilities |  |  |  |  |  |  |  | $ | 3,711 |  | $ | 3,260
Long-term operating lease liabilities |  |  |  |  |  |  |  |  | 11,076 |  |  | 11,194
Total lease liabilities |  |  |  |  |  |  |  | $ | 14,787 |  | $ | 14,454
Weighted-average remaining lease term |  |  |  |  |  |  |  |  | 5.1 years |  |  | 5.8 years
Weighted-average discount rate |  |  |  |  |  |  |  |  | 3.8% |  |  | 3.7%
Operating lease right-of-use assets and long-term operating lease liabilities are included on the face of the condensed consolidated balance sheet. Short-term operating lease liabilities are included in other current liabilities. The Company incurred total lease costs in its consolidated statements of operations of $1.2 million for each of the three months ended July 31, 2022 and 2021 and $2.4 million for each of the six months ended July 31, 2022 and 2021. Supplemental cash flow information related to leases was as follows (in thousands):
|  |  | Three Months Ended |  |  | Six Months Ended
|  | July 31, 2022 |  | July 31, 2021 |  | July 31, 2022 |  | July 31, 2021
Cash payments for operating leases |  | $ | 825 |  | $ | 983 |  | $ | 1,647 |  | $ | 1,964
Right-of-use assets recognized in exchange for new operating lease obligations |  | $ | 1,401 |  | $ | 9,514 |  | $ | 1,717 |  | $ | 9,827
As of July 31, 2022, maturities of lease liabilities under non-cancelable operating leases were as follows (in thousands):
Fiscal Years Ending January 31, |  |  |  |  |  |  |  |  |  |  | July 31, 2022
2023 remainder |  |  |  |  |  |  |  |  |  |  | $ | 1,791
2024 |  |  |  |  |  |  |  |  |  |  |  | 3,684
2025 |  |  |  |  |  |  |  |  |  |  |  | 3,650
2026 |  |  |  |  |  |  |  |  |  |  |  | 1,940
2027 |  |  |  |  |  |  |  |  |  |  |  | 1,684
Thereafter |  |  |  |  |  |  |  |  |  |  |  | 3,555
Total future minimum lease payments |  |  |  |  |  |  |  |  |  |  |  | 16,304
Less: imputed interest |  |  |  |  |  |  |  |  |  |  |  | (1,517)
Present value of lease liabilities |  |  |  |  |  |  |  |  |  |  | $ | 14,787
Additionally, in August 2022, the Company entered into a new operating lease agreement to expand its customer contact center and warehouse facilities in Newark, California to scale with the Company's business growth. The lease commencement date is expected to occur on or before March 1, 2023. The lease expiration date will be 10 years after the commencement date. Total rental payments are approximately $6.9 million from the commencement date through the expiration date. The Company is also required to pay common area maintenance costs, property taxes and insurance, in accordance with the terms of the lease agreement.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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