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Leases | 9 Months Ended
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Oct. 31, 2022
Leases [Abstract] |
Leases | 7. Leases The Company enters into various operating leases for its worldwide facilities. In the second quarter of fiscal year 2023, the Company extended leases for its Shenzhen office and one of its facilities in Santa Clara, California for an additional two years beginning October 1, 2022 to September 30, 2024. For the lease extensions, the Company recorded an increase to the operating lease right-of-use (ROU) assets and corresponding operating lease liabilities of approximately $0.8 million in the condensed consolidated balance sheets. For the three months ended October 31, 2022, the Company modified a lease liability for its Italy office lease and recorded a reduction to the ROU assets and corresponding operating lease liabilities of approximately $0.2 million in the condensed consolidated balance sheets. Operating lease expense was approximately $1.0 million and $0.9 million for the three months ended October 31, 2022 and 2021, respectively, and was approximately $2.8 million and $2.5 million for the nine months ended October 31, 2022 and 2021, respectively. The Company's short-term leases and finance leases were not material as of October 31, 2022 and January 31, 2022, respectively. Supplemental cash flow information related to the operating leases is as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 31, 2022 |  |  | October 31, 2022 |
|  | (in thousands) |
Cash paid for operating leases included in operating cash flows |  | $ | 1,095 |  |  | $ | 3,254 |
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets |  | $ | 78 |  |  | $ | 248 |
Leased assets changes arising from lease modifications |  | $ | (235 | ) |  | $ | 575 |
As of October 31, 2022, the weighted average remaining lease term is 2.85 years, and the weighted average discount rate is 3.59 percent. Future minimum lease payments for the lease liabilities are as follows:
|  | As of |
|  | October 31, 2022 |
Fiscal Year |  | (in thousands) |
2023 (3 months remaining) |  | $ | 919 |
2024 |  |  | 3,664 |
2025 |  |  | 3,355 |
2026 |  |  | 1,363 |
2027 |  |  | 319 |
Thereafter |  |  | 113 |
Total future annual minimum lease payments |  |  | 9,733 |
Less: interest |  |  | (411 | )
Total lease liabilities |  | $ | 9,322 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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