Leases

9 Months Ended

Oct. 31, 2022

Leases [Abstract]

Leases

Leases

We have operating leases for our corporate offices. Our leases have various expiration dates through 2034, some of which include options to extend the leases for up to nine years. Additionally, we are the sublessor for certain office space. Our sublease income for each of the three and nine months ended October 31, 2022 and 2021 was immaterial.

For the three months ended October 31, 2022 and 2021, our operating lease expense was $4 million and $3 million, respectively. For the nine months ended October 31, 2022 and 2021, our operating lease expense was $12 million and $10 million, respectively.

Supplemental cash flow information related to leases was as follows (in thousands):

	Nine months ended October 31,
	2022		2021
Cash paid for operating lease liabilities	$	11,320	$	10,288
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	13,937		2,135

Supplemental balance sheet information related to leases was as follows:

	October 31, 2022		January 31, 2022
Weighted Average Remaining Lease Term	6.8 years		6.0 years
Weighted Average Discount Rate	4.1	%	3.7	%

As of October 31, 2022, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2023	$	3,299
2024	9,405
2025	11,417
2026	9,499
2027	8,496
Thereafter	31,474
Total lease payments	73,590
Less imputed interest	(11,700)
Total	$	61,890

Leases

Leases

We have operating leases for our corporate offices. Our leases have various expiration dates through 2034, some of which include options to extend the leases for up to nine years. Additionally, we are the sublessor for certain office space. Our sublease income for each of the three and nine months ended October 31, 2022 and 2021 was immaterial.

For the three months ended October 31, 2022 and 2021, our operating lease expense was $4 million and $3 million, respectively. For the nine months ended October 31, 2022 and 2021, our operating lease expense was $12 million and $10 million, respectively.

Supplemental cash flow information related to leases was as follows (in thousands):

	Nine months ended October 31,
	2022		2021
Cash paid for operating lease liabilities	$	11,320	$	10,288
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	13,937		2,135

Supplemental balance sheet information related to leases was as follows:

	October 31, 2022		January 31, 2022
Weighted Average Remaining Lease Term	6.8 years		6.0 years
Weighted Average Discount Rate	4.1	%	3.7	%

As of October 31, 2022, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2023	$	3,299
2024	9,405
2025	11,417
2026	9,499
2027	8,496
Thereafter	31,474
Total lease payments	73,590
Less imputed interest	(11,700)
Total	$	61,890