Leases

9 Months Ended

Oct. 31, 2023

Leases [Abstract]

Leases

7. Leases

The Company enters into various operating leases for its worldwide facilities. The operating lease expense was approximately $1.0 million and $1.0 million for the three months ended October 31, 2023 and 2022, respectively, and was approximately $2.8 million and $2.8 million for the nine months ended October 31, 2023 and 2022, respectively. The Company's short-term leases and finance leases were not material as of October 31, 2023 and January 31, 2023, respectively.

Supplemental cash flow information related to the operating leases is as follows:

	Three Months Ended		Nine Months Ended
	October 31, 2023		October 31, 2023
	(in thousands)
Cash paid for operating leases included in operating cash flows	$	947	$	2,940
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets		51		171

As of October 31, 2023, the weighted average remaining lease term is 1.95 years, and the weighted average discount rate is 3.62 percent. Future minimum lease payments for the lease liabilities are as follows:

	As of
	October 31, 2023
Fiscal Year	(in thousands)
2024 (3 months remaining)	$	936
2025		3,353
2026		1,364
2027		289
2028		100
Thereafter		—
Total future annual minimum lease payments		6,042
Less: interest		(173	)
Total lease liabilities	$	5,869