Accrued and Other Current Liabilities

12 Months Ended

Jan. 31, 2023

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

8. Accrued and Other Current Liabilities

Accrued and other current liabilities at January 31, 2023 and 2022 consisted of the following:

	As of January 31,
	2023		2022
	(in thousands)
Accrued employee compensation	$	22,152	$	30,044
Accrued product development costs		19,433		10,523
Software license liabilities, current		7,059		6,001
Other accrued liabilities		8,011		5,496
Total accrued and other current liabilities	$	56,655	$	52,064

The timing of SoC development progress and payments to outside foundries resulted in fluctuation in the accrued product development costs. Approximately $10.9 million of annual bonus was paid in fiscal year 2023, of which $3.2 million was paid in cash and $7.7 million was settled with restricted stock units.