your orchid is a Phalaenopsis variety and one of the easiest ones to grow/care 4 which is y u c them at Home Depot, Lowes and every other place. Don't do anything w/the leaf. It looks healthy, albeit split. I'm guessing a tear somewhere along the line started the whole thing. Visit AOS (am orch soc) for more details. Phales, do better at times when ignored and unloved. If you over love them, you can easily kill them. When loving their environment, they send up spikes w/anywhere from 6-8+ buds on them. Don't over feed.