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Leases
3 Months Ended
Apr. 30, 2022
Leases [Abstract]  
Leases

 

6. Leases

The Company has entered into various operating leases for its worldwide office facilities. The operating lease expense was approximately $0.9 million and $0.8 million for the three months ended April 30, 2022 and 2021, respectively. The Company's short-term leases and finance leases were not material as of April 30, 2022 and January 31, 2022, respectively.

 

Supplemental cash flow information related to leases is as follows:

 

 

 

Three Months Ended

 

 

 

 

April 30, 2022

 

 

 

 

(in thousands)

Cash paid for operating leases included in operating cash flows

 

$

1,069

 

 

Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets

 

$

87

 

 

As of April 30, 2022, the weighted average remaining lease term is 3.39 years, and the weighted average discount rate is 3.56 percent. Future minimum lease payments for the lease liabilities are as follows:

 

 

 

As of

 

 

 

April 30, 2022

 

Fiscal Year

 

(in thousands)

 

2023 (9 months remaining)

 

$

2,737

 

2024

 

 

3,443

 

2025

 

 

3,240

 

2026

 

 

1,421

 

2027

 

 

344

 

Thereafter

 

 

123

 

Total future annual minimum lease payments

 

 

11,308

 

Less: interest

 

 

(577

)

Total lease liabilities

 

$

10,731