| Leases Operating Leases The Company has entered into non-cancelable operating lease agreements with various expiration dates through fiscal 2039. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments. The maturities of the Company’s non-cancelable operating lease liabilities are as follows (in thousands): | | | | | | | Total | | Fiscal 2027 (remaining nine months) | $ | 16,168 | | | Fiscal 2028 | 21,854 | | | Fiscal 2029 | 15,208 | | | Fiscal 2030 | 12,263 | | | Fiscal 2031 | 8,224 | | | Thereafter | 12,197 | | | Total operating lease payments | 85,914 | | | Less: imputed interest | (10,414) | | | Present value of operating lease liabilities | $ | 75,500 | |
As of April 30, 2026, the Company has entered into non-cancelable operating leases, with lease terms greater than 12 months that have not yet commenced, with undiscounted future minimum payments of $103.7 million, which have been excluded from the table above. The operating leases are expected to commence in October 2026 and August 2027, with lease terms between 11.2 and 11.3 years
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