Commitments and Contingencies Lease Commitments The Company has entered into various noncancelable operating leases for its facilities expiring between fiscal years 2020 and 2031. Certain operating leases contain provisions under which monthly rent escalates over time. When lease agreements contain escalating rent clauses or free rent periods, the Company recognizes rent expense on a straight-line basis over the term of the lease. In March 2019 , the Company entered into a noncancelable operating lease for an office facility in San Francisco, California. In connection with entering into the lease agreement, the Company made a security deposit of $18.0 million in the form of a standby letter of credit, which is included in restricted cash as of July 31, 2019 . The lease term is from March 2019 through June 2030 , with future minimum lease payments of $171.0 million . The Company is entitled to receive tenant improvement reimbursements not to exceed $25.4 million . Rent expense, net of sublease income, was $8.7 million and $6.4 million for the three months ended July 31, 2019 and 2018 , respectively. Rent expense, net of sublease income, was $17.0 million and $12.0 million for the six months ended July 31, 2019 and 2018 , respectively. Future minimum lease payments under noncancelable operating leases that have initial terms in excess of one year as of July 31, 2019 are as follows (in thousands): Year ending January 31, 2020 (6 months remaining) $ 15,196 2021 38,648 2022 40,944 2023 41,129 2024 40,509 Thereafter 231,757 Total $ 408,183 Hosting Commitments In April 2018 , the Company executed an amendment to its existing agreement with Amazon Web Services (AWS). The amended agreement was effective as of May 1, 2018 and continues through July 31, 2023 . The Company has minimum annual commitments of $50.0 million each year of the agreement term for a total minimum commitment of $250.0 million . As of July 31, 2019 , the Company had a remaining minimum payment obligation of $187.5 million to AWS through July 31, 2023 . Legal Matters The Company is involved from time to time in various claims and legal actions arising in the ordinary course of business. While it is not feasible to predict or determine the ultimate outcome of these matters, the Company believes that none of its current legal proceedings will have a material adverse effect on its financial position or results of operations. Indemnification Agreements The Company has signed indemnification agreements with all its directors and executive officers. The agreements indemnify the director or executive officer from claims and expenses on actions brought against the individuals, separately or jointly with the Company, for indemnifiable events. Indemnifiable events generally mean any event or occurrence related to the fact that the director or executive officer was or is acting in his or her capacity as a director or executive officer for the Company or was or is acting or representing the interests of the Company. The terms of obligations under these indemnification agreements may vary. In the ordinary course of business, the Company enters into contractual arrangements under which the Company agrees to provide indemnification of varying scope and terms to business partners and other parties with respect to certain matters, including, but not limited to, losses arising out of the breach of such agreements, intellectual property infringement claims made by third parties, and other liabilities relating to or arising from its various products, or its acts or omissions. In these circumstances, payment may be conditional on the other party making a claim pursuant to the procedures specified in the particular contract. Further, the Companys obligations under these agreements may be limited in terms of time and/or amount, and in some instances, the Company may have recourse against third parties for certain payments. As of July 31, 2019 and January 31, 2019, no material amounts were accrued.