Leases

12 Months Ended

Jan. 31, 2023

Note 13—Leases

We enter into lease contracts for certain of our facilities at various locations worldwide. Our leases have remaining lease terms of one to six years, some of which include options to extend the lease term for periods of up to five years when it is reasonably certain that we will exercise such options.

Balance sheet and other information related to our leases is as follows:


Operating Leases (In thousands)	Balance Sheet Classification	January 31, 2023		January 31, 2022
Lease Assets	Right of Use Assets	$	794	$	1,094
Lease Liabilities—Current	Other Accrued Expenses	$	275	$	327
Lease Liabilities—Long Term	Lease Liabilities	$	555	$	808

Lease cost information is as follows:


Operating Leases (In thousands)	Statement of Income Classification		2023		2022
Operating Lease Costs		General and Administrative Expense	$	460	$	510

At January 31, 2023, maturities of operating lease liabilities

are

as follows:


(In thousands)
2024	$	302
2025		199
2026		154
2027		149
2028		92
Thereafter		—

Total Lease Payments		896
Less: Imputed Interest		(66	)

Total Lease Liabilities	$	830

As of January 31, 2023, the weighted-average remaining lease term and weighted-average discount rate for our operating leases are 3.8 years and 3.87%, respectively. We calculated the weighted-average discount rate using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collateralized basis over a similar term.

Supplemental cash flow information related to leases is as follows:


(In thousands)	2023		2022
Cash paid for operating lease liabilities	$	314	$	372