Property and Equipment, Net

9 Months Ended

Oct. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment, net consists of the following as of the dates shown (in thousands):

	October 31, 2023		January 31, 2023
Land	$	3,040	$	3,040
Building	20,984		20,984
Land improvements and building improvements	22,392		22,392
Equipment and computers	2,218		2,233
Furniture and fixtures	14,006		13,995
Leasehold improvements	19,099		18,986
Construction in progress	10,988		302
	92,727		81,932
Less accumulated depreciation	(35,130)		(32,115)
Total property and equipment, net	$	57,597	$	49,817

Total depreciation expense was $1 million and $4 million for the three and nine months ended October 31, 2023, respectively, and $1 million and $5 million for the three and nine months ended October 31, 2022, respectively. Land is not depreciated.