v3.22.4
Leases
12 Months Ended
Jan. 31, 2023
Leases [Abstract]  
Leases Leases
Operating Leases
The Company has entered into non-cancelable operating lease agreements with various expiration dates through fiscal 2031. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments.
Cash paid for amounts included in the measurement of operating lease liabilities were $12.0 million, $11.8 million, and $11.0 million for the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively. Operating lease liabilities arising from obtaining operating right of-use assets were $18.5 million and $4.9 million for the fiscal years ended January 31, 2023 and January 31, 2022, respectively.
The weighted-average remaining lease terms were 3.5 years and 3.0 years as of January 31, 2023 and January 31, 2022, respectively. The weighted-average discount rates were 4.5% and 5.4% as of January 31, 2023 and January 31, 2022, respectively.
The components of lease costs were as follows (in thousands):
Year Ended January 31,
202320222021
Lease cost
Operating lease cost$11,084 $11,262 $10,308 
Short-term lease cost2,344 1,918 1,957 
Variable lease cost8,279 4,874 3,007 
Total lease cost$21,707 $18,054 $15,272 
There was no sublease income for the fiscal years ended January 31, 2023, January 31, 2022, or January 31, 2021. As of January 31, 2023, the Company has entered into non-cancelable operating leases with terms greater than 12 months that have not yet commenced with undiscounted future minimum payments of $10.9 million, which are excluded from the table above. The operating leases will commence between February 2023 and April 2023 with lease terms between 5 and 6 years.
The maturities of the Company’s non-cancelable operating lease liabilities are as follows (in thousands):
January 31, 2023
Fiscal 2024$11,766 
Fiscal 202511,930 
Fiscal 20269,005 
Fiscal 20274,992 
Fiscal 20284,432 
Thereafter4,859 
Total operating lease payments46,984 
Less: imputed interest(4,371)
Present value of operating lease liabilities$42,613