Operating Leases

9 Months Ended

Oct. 31, 2023

Leases [Abstract]

Operating Leases

Operating Leases

Our operating leases consist of real estate and vehicles and have remaining lease terms of one year to 14 years. For purposes of calculating operating lease liabilities, lease terms may be deemed to include options to extend the lease when it is reasonably certain that we will exercise those options. Our operating lease arrangements do not contain any material restrictive covenants or residual value guarantees.

Lease costs are presented below (in thousands):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2023		2022		2023		2022
Operating lease cost	$	3,364	$	3,060	$	9,663	$	8,555
Short-term lease cost	1,225		1,509		3,845		4,552
Variable lease cost	493		362		1,639		885
Sublease income (1)	(426)		(532)		(1,491)		(1,597)
Total	$	4,656	$	4,399	$	13,656	$	12,395

(1) Included in other income (expense), net in the condensed consolidated statements of operations.

The following table represents the weighted-average remaining lease term and discount rate as of the periods presented:

	As of
	October 31, 2023		January 31, 2023
Weighted-average remaining lease term (years)	11.2		12.1
Weighted-average discount rate	7.0	%	7.0	%

Future undiscounted lease payments for our operating lease liabilities as of October 31, 2023 were as follows (in thousands):

	Amount
Remainder of year ending January 31, 2024	$	1,849
Year ending January 31,
2025	12,284
2026	10,173
2027	9,432
2028	8,748
Thereafter	49,931
Total operating lease payments	92,417
Less: imputed interest	(27,825)
Total operating lease liabilities	$	64,592

As of October 31, 2023, we had non-cancellable commitments in the amount of $0.5 million related to operating leases of real estate facilities that have not yet commenced.

Current operating lease liabilities of $6.9 million and $7.0 million were included in accrued expenses and other current liabilities on our condensed consolidated balance sheets as of October 31, 2023 and January 31, 2023, respectively.

Supplemental cash flow information related to leases for the three and nine months ended October 31, 2023 and 2022 was as follows (in thousands):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2023		2022		2023		2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,486	$	1,721	$	9,646	$	5,278
Operating lease ROU assets obtained in exchange for new operating lease liabilities	4,139		5,769		8,820		8,659