The lease obligations primarily consist of operating leases for the Company's headquarters and its foreign subsidiaries. During the twelve months ended January 31, 2025, the Company extended certain facility leases for its international offices with lease periods expiring between fiscal years 2027 and 2031. An aggregate of approximately $3.6 million of additional operating lease ROU and corresponding lease liabilities were recorded in the consolidated balance sheets as a result of these lease extensions.

In December 2024, the Company entered into a new office lease for its headquarters in Santa Clara, California for 104 months beginning from September 1, 2025 to April 30, 2034. As of January 31, 2025, the lease has not commenced as the facility is not available to use. The corresponding ROU and lease liabilities will be recorded in the balance sheet upon lease commencement date. The total future undiscounted cash payments are approximately $15.7 million and will be paid through the lease term.

For the fiscal years ended January 31, 2025, 2024 and 2023, the operating lease expense was approximately $3.8 million, $3.7 million and $3.7 million, respectively. The Company's short-term leases and finance leases were immaterial as of January 31, 2025 and 2024, respectively.

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


	Year Ended January 31,
	2025		2024		2023
	(in thousands)
Cash paid for operating leases included in operating cash flows	$	3,800	$	3,877	$	4,011
Operating lease assets changes arising from lease obtained and modifications	$	3,604	$	348	$	575


	As of
	January 31, 2025
Fiscal Year	(in thousands)
2026	$	2,916
2027		1,613
2028		815
2029		23
2030		23
Thereafter		18
Total future annual minimum lease payments		5,408
Less: interest		(143	)
Total lease liabilities	$	5,265