Accrued and Other Current Liabilities

12 Months Ended

Jan. 31, 2020

Payables And Accruals [Abstract]

Accrued and Other Current Liabilities

7. Accrued and Other Current Liabilities

Accrued and other current liabilities at January 31, 2020 and 2019 consisted of the following:

	As of January 31,
	2020		2019
	(in thousands)
Accrued employee compensation	$	16,874	$	10,645
Accrued rebates		54		311
Accrued product development costs		10,885		6,393
Software license liabilities, current		4,388		4,879
Other accrued liabilities		2,769		2,472
Total accrued and other current liabilities	$	34,970	$	24,700

The increased employee compensation liabilities were primarily due to approximately $5.8 million of stock-based compensation expense associated with the Company’s annual bonus program that will be settled by restricted stock units. The timing of SoC development progress and payments to outside foundries resulted in fluctuation of the accrued product development costs. The current software license liabilities mainly consisted of approximately $3.9 million of short-term liabilities associated with the $12.7 million of license agreements with Cadence Design Systems, Inc. (“Cadence”) that was entered in fiscal year 2020.