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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jan. 31, 2023
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The reconciliation of cash, cash equivalents, and restricted cash to amounts presented in the consolidated statements of cash flows were as follows:
January 31,
202320222021
(in thousands)
Cash and cash equivalents$264,162 $315,235 $145,491 
Restricted cash30,400 400 400 
Total cash, cash equivalents, and restricted cash$294,562 $315,635 $145,891 
Restrictions on Cash and Cash Equivalents
The reconciliation of cash, cash equivalents, and restricted cash to amounts presented in the consolidated statements of cash flows were as follows:
January 31,
202320222021
(in thousands)
Cash and cash equivalents$264,162 $315,235 $145,491 
Restricted cash30,400 400 400 
Total cash, cash equivalents, and restricted cash$294,562 $315,635 $145,891 
Accounts Receivable, Allowance for Credit Loss The change in the allowance for expected credit losses for the years ended January 31, 2023, 2022, and 2021 was as follows:
Beginning
Balance
Additions
Charged To
Expense
Write-offsEnding
Balance
(in thousands)
Year ended January 31, 2023
Allowance for expected credit losses$5,584 $6,353 $(1,937)$10,000 
Year ended January 31, 2022
Allowance for expected credit losses$2,000 $3,835 $(251)$5,584 
Year ended January 31, 2021
Allowance for expected credit losses$2,000 $121 $(121)$2,000 
Schedule of Property and Equipment, Net Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets, as follows:
Useful Lives
Furniture and fixtures
3 to 5 years
Computers and software
3 to 5 years
Machinery and equipment
3 to 5 years
Tooling
3 to 5 years
Leasehold improvementsShorter of the estimated lease term or useful life
Owned and operated systems
5 to 7 years
Property and equipment, net consisted of the following:
January 31,
20232022
(in thousands)
Furniture and fixtures$1,244 $903 
Computers and software7,164 6,147 
Machinery and equipment25,144 16,193 
Tooling13,782 10,572 
Leasehold improvements9,357 10,549 
Owned and operated systems24,119 22,546 
Construction in progress2,790 2,720 
83,600 69,630 
Less: Accumulated depreciation(43,554)(35,037)
Total Property and Equipment, Net$40,046 $34,593 
The following table presents the depreciation expense related to fixed assets:
Year ended January 31,
202320222021
(in thousands)
Depreciation Expense$13,404 $11,840 $10,083 
Deferred Policy Acquisition Costs
Changes in the deferred contract acquisition costs during the years ended January 31, 2023 and 2022 were as follows:
(in thousands)
Balance as of January 31, 2021
$5,534 
Capitalization of deferred contract acquisition costs3,381 
Amortization of deferred contract acquisition costs(1,786)
Balance as of January 31, 2022
$7,129 
Capitalization of deferred contract acquisition costs3,374 
Amortization of deferred contract acquisition costs(2,361)
Balance as of January 31, 2023
$8,142 
Deferred acquisition costs capitalized on the consolidated balance sheets were as follows:
January 31
20232022
(in thousands)
Deferred contract acquisition costs, current$2,598 $2,104 
Deferred contract acquisition costs, noncurrent5,544 5,025 
Total deferred contract acquisition costs$8,142 $7,129 
Deferred Revenue, by Arrangement, Disclosure
The following table shows the total deferred revenue for each period presented.
January 31, 2023January 31, 2022
(in thousands)
Total deferred revenue$198,610 $146,808 
The following table shows the revenue recognized that was included in the deferred revenue balance at the beginning of the period.
Year Ended January 31,
202320222021
(in thousands)
Total deferred revenue recognized$77,142 $40,934 $39,400