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SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION
12 Months Ended
Jan. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION
Consolidated Balance Sheets

Inventories consisted of the following as of January 31, 2023 and 2022:
January 31,
(in thousands)20232022
Raw materials$3,325 $3,001 
Work-in-process40 150 
Finished goods9,263 2,186 
Total inventories$12,628 $5,337 

Property and equipment, net consisted of the following as of January 31, 2023 and 2022:
January 31,
(in thousands)20232022
Land and buildings$820 $7,994 
Leasehold improvements15,026 18,155 
Software73,569 76,152 
Equipment, furniture, and other41,966 64,363 
Total cost131,381 166,664 
Less: accumulated depreciation and amortization(66,571)(102,574)
Total property and equipment, net$64,810 $64,090 

Depreciation expense on property and equipment was $18.6 million, $20.7 million, and $30.6 million in the years ended January 31, 2023, 2022, and 2021, respectively.

Prepaid and other current assets consisted of the following as of January 31, 2023 and 2022:

January 31,
(in thousands)20232022
Prepaid expenses$24,364 $22,639 
Other current assets27,257 31,113 
Insurance recovery receivable12,503 — 
CTI litigation settlement indemnification asset - current portion11,250 — 
Total prepaid expenses and other current assets$75,374 $53,752 

Other assets consisted of the following as of January 31, 2023 and 2022:
January 31,
(in thousands)20232022
Deferred commissions$54,512 $51,714 
Long-term contract assets, net37,950 30,510 
Capitalized software development costs, net23,527 22,483 
Noncontrolling equity investments5,146 5,146 
Long-term deferred cost of revenue4,951 5,907 
CTI litigation settlement indemnification asset - long-term portion4,750 — 
Deferred debt issuance costs, net1,485 1,950 
Long-term restricted cash and time deposits287 409 
Other15,674 8,519 
Total other assets$148,282 $126,638 

Accrued expenses and other current liabilities consisted of the following as of January 31, 2023 and 2022:
January 31,
(in thousands)20232022
Compensation and benefits$73,766 $86,777 
Taxes other than income taxes16,346 16,313 
Preferred Stock dividends payable10,400 10,400 
CTI litigation settlement liability - current portion11,250 — 
Operating lease obligations - current portion7,965 24,551 
DOJ legal settlement liability7,000 — 
Contingent consideration - current portion4,496 7,776 
Professional and consulting fees2,635 3,771 
Income taxes 443 602 
Other21,643 18,504 
Total accrued expenses and other current liabilities$155,944 $168,694 

Other liabilities consisted of the following as of January 31, 2023 and 2022:

January 31
(in thousands)20232022
Unrecognized tax benefits, including interest and penalties$52,887 $16,345 
Contingent consideration - long-term portion8,221 — 
CTI litigation settlement liability - long-term portion4,750 — 
Finance lease obligations - long-term portion2,308 3,831 
Other466 1,820 
Total other liabilities$68,632 $21,996 

Consolidated Statements of Operations
 
Other income (expense), net consisted of the following for the years ended January 31, 2023, 2022, and 2021: 
 Year Ended January 31,
(in thousands)202320222021
Foreign currency gains (losses), net$3,453 $(1,644)$(1,584)
Losses on derivative financial instruments, net— (14,374)(1,267)
Change in fair value of future tranche right— 15,810 (56,146)
Other, net(1,471)5,435 (1,604)
Total other income (expense), net$1,982 $5,227 $(60,601)

Please refer to Note 10, “Convertible Preferred Stock” for additional information regarding the future tranche right.

Consolidated Statements of Cash Flows
 
The following table provides supplemental information regarding our consolidated cash flows for the years ended January 31, 2023, 2022, and 2021:
 Year Ended January 31,
(in thousands)202320222021
Cash paid for interest$4,661 $9,716 $24,612 
Cash payments of income taxes, net$15,886 $42,917 $21,476 
Non-cash investing and financing transactions: 
Liabilities for contingent consideration in business combinations$12,184 $900 $— 
Preferred Stock dividends declared$10,400 $10,400 $5,200 
Finance leases of property and equipment$647 $4,041 $903 
Settlement of Future Tranche Right upon issuance of Series B Preferred Stock$— $36,962 $— 
Retirement of treasury stock$106,146 $234,999 $— 
Settlement of convertible note premium with common stock$— $59,131 $— 
Receipt of common stock from the counterparties under the Note Hedges$— $59,651 $— 
Accrued but unpaid purchases of property and equipment$2,353 $750 $2,731 
Accrued but unpaid purchases of treasury stock$616 $— $—