Operating Leases

12 Months Ended

Jan. 31, 2024

Leases [Abstract]

Operating Leases

8 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):

	Year Ended January 31,
	2024		2023		2022
Operating lease cost	$	13,047	$	11,675	$	8,875
Short-term lease cost	4,965		5,895		4,387
Variable lease cost	2,142		1,418		582
Sublease income(1)	(1,615)		(2,129)		(355)
Total lease cost	$	18,539	$	16,859	$	13,489
(1) Included in other income (expense), net in the consolidated statements of operations

Supplemental balance sheet information related to leases is as follows (in thousands):

	As of January 31,
	2024		2023
Assets:
Operating lease right-of-use assets	$	56,072	$	52,052
Liabilities:
Operating lease liabilities, current (included in accrued expenses and other current liabilities)	$	8,357	$	6,997
Operating lease liabilities, non-current	58,713		56,442
Total operating lease liabilities	$	67,070	$	63,439

Supplemental cash flow information related to operating leases is as follows for the periods presented (in thousands):

	Year Ended January 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	12,907	$	6,702	$	9,358
Operating lease ROU assets obtained in exchange for new operating lease liabilities	$	12,986	$	11,511	$	35,262

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

	As of January 31,
	2024		2023
Weighted-average remaining lease term (years)	10.7		12.1
Weighted-average discount rate	7.1	%	7.0	%

Future undiscounted lease payments for our operating lease liabilities as of January 31, 2024 were as follows (in thousands):

	Amount
Year Ended January 31,
2025	$	12,719
2026	11,838
2027	10,666
2028	9,012
2029	5,752
Thereafter	44,190
Total operating lease payments	94,177
Less: imputed interest	(27,107)
Total operating lease liabilities	$	67,070

As of January 31, 2024, we had non-cancellable commitments in the amount of $32.7 million related to operating leases of real estate facilities that have not yet commenced.