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Leases
12 Months Ended
Jan. 31, 2025
Leases [Abstract]  
Leases Leases
We lease offices under noncancelable operating lease agreements that expire at various dates through the end of July 2034. Some of our operating leases contain escalation provisions for adjustments in the consumer price index and options to renew. We include a renewal option in the lease terms for calculating our lease liability when we are reasonably certain that we will exercise the renewal option.

Operating lease expense for the years ended January 31, 2025, 2024 and 2023 was $25.6 million, $28.5 million and $33.2 million.

Future lease payments under operating leases as of January 31, 2025, were as follows:
Fiscal Period:Amount (in thousands)
2026$24,480 
202722,357 
202818,010 
202915,494 
203014,968 
Thereafter54,223 
Total undiscounted cash flows$149,532 
Less: imputed interest(25,105)
Present value of lease liabilities$124,427 
The weighted average remaining lease terms as of January 31, 2025 and 2024 were 7.5 years and 8.1 years. The discount rates for operating leases as of January 31, 2025 and 2024 were 4.8% and 4.7%.