Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

v3.19.3
Operating Leases (Tables)
9 Months Ended
Oct. 31, 2019
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense for the three and nine months ended October 31, 2019 are as follows:

 

 

 

Three Months

Ended

October 31, 2019

 

 

Nine Months

Ended

October 31, 2019

 

 

 

(Amounts in

thousands)

 

Operating lease cost

 

$

199

 

 

$

611

 

Short term lease cost

 

 

3

 

 

17

 

Total lease cost

 

$

202

 

 

$

628

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to the Company’s operating leases was as follows:

 

 

 

Nine Months Ended

October 31, 2019

 

 

 

(Amounts in

thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows from operating leases

 

$

611

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations

 

 

 

 

Operating leases

 

$

2,952

 

Schedule of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to the Company's operating leases was as follows:

 

 

 

October 31, 2019

 

 

 

(Amounts in

thousands)

 

Operating lease right-of-use assets

 

$

2,438

 

 

 

 

 

 

Current portion, operating lease liabilities

 

 

511

 

Operating lease liabilities, long term

 

 

2,056

 

Total operating lease liabilities

 

$

2,567

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

4.9

 

Weighted average incremental borrowing rate

 

 

5.1

%

Schedule of Future Minimum Lease Payments for Operating Leases Future minimum lease payments for operating leases, with initial or remaining terms in excess of one year at October 31, 2019, are as follows:

 

 

 

Payments for

Operating Leases

 

For the fiscal years ended January 31,

 

(Amounts in

thousands)

 

2020

 

$

192

 

2021

 

 

573

 

2022

 

 

545

 

2023

 

 

526

 

2024

 

 

516

 

Thereafter

 

 

497

 

Total lease payments

 

 

2,849

 

Less interest

 

 

282

 

Total operating lease liabilities

 

$

2,567