Leases

12 Months Ended

Jan. 31, 2026

Leases [Abstract]

Leases

Leases

We lease offices under noncancelable operating lease agreements that expire at various dates through the end of July 2040. Some of our operating leases contain escalation provisions for adjustments in the consumer price index and options to renew. We include a renewal option in the lease term for calculating our lease liability when we are reasonably certain that we will exercise the renewal option.

Operating lease expense for the years ended January 31, 2026, 2025 and 2024 was $26.4 million, $25.6 million and $28.5 million.

Future lease payments under operating leases as of January 31, 2026, were as follows:

Fiscal Period:	Amount (in thousands)
2027	$	12,896
2028	27,229
2029	25,218
2030	21,348
2031	23,603
Thereafter	150,293
Total undiscounted cash flows	$	260,587
Less: Imputed interest	(75,468)
Present value of lease liabilities	$	185,119

The weighted average remaining lease terms as of January 31, 2026 and 2025 were 11.0 years and 7.5 years. The discount rates for operating leases as of January 31, 2026 and 2025 were 5.3% and 4.8%.