Leases

12 Months Ended

Jan. 31, 2023

LEASES

We have entered into non-cancelable real estate operating lease agreements with various expiration dates through fiscal 2029. Our operating lease arrangements do not contain any restrictive covenants or residual value guarantees.

Supplemental cash flow information related to our operating leases for fiscal 2023 and 2022 as well as the weighted-average remaining lease term and weighted-average discount rate as of January 31, 2023 and 2022 were as follows:


	Year Ended January 31,
	2023		2022		2021
Supplemental Cash Flow Information
Cash paid for amount included in the measurement of operating lease liabilities	$	5,266	$	4,596	$	3,999
Operating lease ROU assets obtained in exchange for operating lease liabilities	$	3,224	$	8,558	$	6,579


	As of January 31,
	2023		2022
Lease Term and Discount Rate
Weighted-average remaining lease term (years)	5.55		6.56
Weighted-average discount rate	4.2	%	4.3	%

The components of lease costs, net of sublease income, consisted of the following (in thousands):


	Year Ended January 31,
		2023		2022		2021
Operating lease costs		$	4,905	$	4,027	$	3,844
Short-term lease costs		771		2,248		509
Variable lease costs		1,186		1,124		702
Total lease costs		$	6,862	$	7,399	$	5,055

Sublease income was $0.7 million, $0.6 million and $0.9 million for fiscal 2023, 2022 and 2021, respectively, and was recorded as a reduction of lease costs.

The maturities of our non-cancelable operating lease liabilities as of January 31, 2023 were as follows (in thousands):


Fiscal Year Ending January 31,	Amount
2024	$	4,805
2025	5,733
2026	5,580
2027	5,640
2028	5,702
Thereafter	2,916
Total operating lease payments	$	30,376
Less: Imputed interest	(3,402)
Present value of operating lease liabilities	$	26,974