Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

v3.20.2
Operating Leases (Tables)
9 Months Ended
Oct. 31, 2020
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

For the Three Months Ended

October 31, 2020

 

 

For the Nine Months Ended

October 31, 2020

 

 

 

(Amounts in thousands)

 

Operating lease cost

 

$

344

 

 

$

972

 

Short term lease (credit) cost, net

 

 

(10

)

 

 

30

 

Total lease cost

 

$

334

 

 

$

1,002

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

 

 

 

For the Three Months Ended

October 31, 2020

 

 

For the Nine Months Ended

October 31, 2020

 

 

 

(Amounts in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

263

 

 

$

829

 

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, 2020

 

 

January 31, 2020

 

 

 

(Amounts in thousands)

 

Operating lease right-of-use assets

 

$

5,231

 

 

$

4,860

 

 

 

 

 

 

 

 

 

 

Current portion, operating lease liabilities

 

 

1,351

 

 

 

722

 

Operating lease liabilities, long term

 

 

4,299

 

 

 

4,348

 

Total operating lease liabilities

 

$

5,650

 

 

$

5,070

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

4.3

 

 

 

 

 

Weighted average incremental borrowing rate

 

 

5.0

%

 

 

 

 

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, 2020, are as follows:

 

 

 

Payments for

Operating Leases

 

For the fiscal years ended January 31,

 

(Amounts in thousands)

 

2021

 

$

298

 

2022

 

 

1,319

 

2023

 

 

1,445

 

2024

 

 

1,482

 

2025

 

 

1,524

 

Thereafter

 

 

59

 

Total lease payments

 

 

6,127

 

Less interest

 

 

477

 

Total operating lease liabilities

 

$

5,650