Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.23.2
Leases
 6 Months Ended
Jul. 31, 2023
Leases [Abstract]  
Leases Leases
The Company has operating leases for corporate offices under non-cancelable operating leases with various expiration dates. There are no finance leases.
The components of lease expense were as follows:
Three Months Ended July 31, Six Months Ended July 31,
(in thousands) 2023 2022 2023 2022
Operating lease cost $ 2,888  $ 1,948  $ 5,283  $ 3,795 
Variable lease cost 307  268  609  572 
Short-term lease cost 182  185  389  383 
Total lease cost $ 3,377  $ 2,401  $ 6,281  $ 4,750 
The weighted average remaining lease term and discount rate were as follows:
July 31, 2023
Weighted average remaining lease term (years) 6.34
Weighted average discount rate 10.76  %
The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, was as follows:
(in thousands) July 31, 2023
Fiscal year ended January 31, 2024 (remaining six months) $ 6,086 
2025 7,504 
2026 6,078 
2027 5,508 
2028 3,917 
2029 3,413 
Thereafter 12,912 
Total minimum lease payments 45,418 
Less: imputed interest (13,566)
Total $ 31,852