Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.24.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 31, 2024
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The following table reconciles cash, cash equivalents and restricted cash from the consolidated balance sheets to amounts reported in the consolidated statements of cash flows:
January 31,
(in thousands) 2024 2023
Cash and cash equivalents $ 164,024  $ 188,387 
Restricted cash included in prepaid expenses and other current assets(1)
1,494  — 
Restricted cash included in other non-current assets(2)
6,911  — 
Total cash, cash equivalents and restricted cash $ 172,429  $ 188,387 
(1)Consists primarily of cash that is restricted and is associated with certain credit card programs.
(2)Consists primarily of collateral for letters of credit issued in lieu of deposits on certain leases and customer contracts, as well as security deposits in lieu of letters of credit for customer contracts.
Accounts Receivable, Allowance for Credit Loss
Changes in the allowance account for the periods presented were as follows:
Year Ended January 31,
(in thousands) 2024 2023 2022
Allowance, beginning of period
 $ 3,156  $ 2,727  $ 3,203 
Write-offs of uncollectible accounts
 (3,109) (2,590) (212)
Provision for (recovery of) expected credit losses
 5,220  3,780  (264)
Adjustment to retained earnings for CECL adoption —  (761) — 
Allowance, end of period $ 5,267  $ 3,156  $ 2,727 
Restrictions on Cash and Cash Equivalents
The following table reconciles cash, cash equivalents and restricted cash from the consolidated balance sheets to amounts reported in the consolidated statements of cash flows:
January 31,
(in thousands) 2024 2023
Cash and cash equivalents $ 164,024  $ 188,387 
Restricted cash included in prepaid expenses and other current assets(1)
1,494  — 
Restricted cash included in other non-current assets(2)
6,911  — 
Total cash, cash equivalents and restricted cash $ 172,429  $ 188,387 
(1)Consists primarily of cash that is restricted and is associated with certain credit card programs.
(2)Consists primarily of collateral for letters of credit issued in lieu of deposits on certain leases and customer contracts, as well as security deposits in lieu of letters of credit for customer contracts.