The Company has entered into various operating leases for its worldwide office facilities. During the three months ended April 30, 2021, the Company extended its Shanghai office lease for an additional three years beginning December 1, 2021 to November 30, 2024. The Company accounted for this extension as a lease modification and recorded an increase to the operating lease right-of-use assets and corresponding operating lease liabilities of approximately $1.7 million, respectively, in the condensed consolidated balance sheets. The Company also signed a separate lease for additional space for its Shanghai office for a period of 40 months starting from August 1, 2021 through November 30, 2024 and will record an operating lease right-of-use asset and corresponding operating lease liability in the condensed consolidated balance sheets upon commencement on August 1, 2021. The total estimated future undiscounted cash payments for this additional lease are approximately $1.7 million.

The operating lease expense was approximately $0.8 million and $0.7 million for the three months ended April 30, 2021 and 2020, respectively. The Company's short-term leases and finance leases were not material as of April 30, 2021 and January 31, 2021, respectively.

	Three Months Ended
	April 30, 2021
	(in thousands)
Cash paid for operating leases included in operating cash flows	$	856
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets	$	89
Leased assets obtained in exchange for operating lease liabilities arising from lease modifications	$	1,687

As of April 30, 2021, the weighted average remaining lease term is 4.20 years, and the weighted average discount rate is 3.82 percent. Future minimum lease payments for the lease liabilities are as follows:

	As of
	April 30, 2021
Fiscal Year	(in thousands)
2022 (9 months remaining)	$	2,559
2023		2,918
2024		2,698
2025		2,625
2026		1,180
Thereafter		278
Total future annual minimum lease payments		12,258
Less: interest		(791	)
Total lease liabilities	$	11,467