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Leases | 6 Months Ended
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Jul. 31, 2024
Leases [Abstract] |
Leases | Leases Leases The Company’s lease portfolio consists solely of office space with lease terms ranging from approximately one to ten years. 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. The components of lease cost reflected on the consolidated statements of operations were as follows (in thousands):
| Three Months Ended July 31, |  | Six Months Ended July 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease cost | $ | 4,295 |  |  | $ | 3,862 |  |  | $ | 9,836 |  |  | $ | 7,513 |
Variable lease cost | 60 |  |  | 778 |  |  | 870 |  |  | 1,450 |
Short-term lease cost | 129 |  |  | 97 |  |  | 231 |  |  | 385 |
Total net lease cost | $ | 4,484 |  |  | $ | 4,737 |  |  | $ | 10,937 |  |  | $ | 9,348 |
The future maturities of the Company’s operating lease liabilities by fiscal year are as follows (in thousands):
| Amount
Remainder of 2025 | $ | 8,226 |
2026 | 16,356 |
2027 | 15,506 |
2028 | 13,210 |
2029 | 12,652 |
Thereafter | 51,302 |
Total future undiscounted lease payments | $ | 117,252 |
Less: imputed interest | (29,365) |
Total reported lease liability | $ | 87,887 |
The Company's lease terms and discount rates are as follows:
| July 31,
| 2024 |  | 2023
Weighted-average remaining lease term (years) | 7.9 |  | 6.2
Weighted-average discount rate | 7.3 | % |  | 5.6 | %
Other information for the Company's leases is as follows (in thousands):
| Six Months Ended July 31,
| 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities | $ | 7,381 |  | $ | 5,788
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | $ | 1,837 |  | $ | 1,524
Sydney Lease Agreement In May 2024, the Company entered into a lease agreement for a new office space in Sydney, Australia. The lease commencement date, which is when the premises will become available to the Company for use, is expected to be in the fourth quarter of fiscal year ended January 31, 2025. The Company is obligated to pay $0.1 million per month beginning in the fourth quarter of fiscal year ended January 31, 2025 through the third quarter of fiscal 2030, the expiration date.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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