Leases

3 Months Ended

Apr. 30, 2024

Leases [Abstract]

Leases

7. Leases

There were no material lease agreements entered into, or modified, during the three months ended April 30, 2024. The operating lease expense was approximately $1.0 million and $0.9 million for the three months ended April 30, 2024 and 2023, respectively. The Company's short-term leases and finance leases were not material as of April 30, 2024 and January 31, 2024, respectively.

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

	Three Months Ended April 30,
	2024		2023
	(in thousands)
Cash paid for operating leases included in operating cash flows	$	983	$	968
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets	$	36	$	62

As of April 30, 2024, the weighted average remaining lease term is 1.58 years, and the weighted average discount rate is 3.65 percent. Future minimum lease payments for the lease liabilities are as follows:

	As of
	April 30, 2024
Fiscal Year	(in thousands)
2025 (9 months remaining)	$	2,594
2026		1,532
2027		287
2028		71
2029		—
Thereafter		—
Total future annual minimum lease payments		4,484
Less: interest		(93	)
Total lease liabilities	$	4,391