Quarterly report [Sections 13 or 15(d)]

Leases

v3.25.1
Leases
 3 Months Ended
Apr. 30, 2025
Leases [Abstract]  
Leases Leases
The Company has leases for corporate offices under non-cancelable operating leases with various expiration dates. The Company did not have any finance leases during the three months ended April 30, 2025 and 2024.
The components of lease expense were as follows:
Three Months Ended April 30,
(in thousands) 2025 2024
Operating lease cost $ 2,983  $ 2,862 
Variable lease cost 349  329 
Short-term lease cost 116  142 
Total lease cost $ 3,448  $ 3,333 
The weighted average remaining lease term and discount rate were as follows:
April 30, 2025 January 31, 2025
Weighted average remaining lease term (years) 6.83 7.16
Weighted average discount rate 8.51  % 8.70  %
The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, were as follows:
(in thousands)
Fiscal year ended January 31, 2026 (remaining nine months)
 $ 9,304 
2027 11,436 
2028 9,422 
2029 8,014 
2030 6,843 
2031 6,328 
Thereafter 16,687 
Total minimum lease payments
 68,034 
Less: imputed interest (17,122)
Total $ 50,912