Operating Leases

3 Months Ended

Apr. 30, 2024

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 April 30,
	2024		2023
Operating lease cost	$	3,476	$	3,071
Short-term lease cost	1,123		1,300
Variable lease cost	523		621
Sublease income (1)	—		(532)
Total	$	5,122	$	4,460

(1) Included in other income, 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
	April 30, 2024		January 31, 2024
Weighted-average remaining lease term (years)	10.5		10.7
Weighted-average discount rate	7.2	%	7.1	%

Future undiscounted lease payments for our operating lease liabilities as of April 30, 2024 were as follows (in thousands):

	Amount
Remainder of year ending January 31, 2025	$	9,097
Year ending January 31,
2026	12,110
2027	11,875
2028	10,444
2029	7,137
Thereafter	49,852
Total operating lease payments	100,515
Less: imputed interest	(29,519)
Total operating lease liabilities	$	70,996

As of April 30, 2024, we had non-cancellable commitments in the amount of $26.3 million related to operating leases of real estate facilities that have not yet commenced.

Current operating lease liabilities of $8.2 million and $8.4 million were included in accrued expenses and other current liabilities on our condensed consolidated balance sheets as of April 30, 2024 and January 31, 2024, respectively.

Supplemental cash flow information related to leases for the three months ended April 30, 2024 and 2023 was as follows (in thousands):

	Three Months Ended April 30,
	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,653	$	2,615
Operating lease ROU assets obtained in exchange for new operating lease liabilities	7,044		1,993