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Leases

3 Months Ended

Apr. 30, 2023

7. Leases

The Company enters into various operating leases for its worldwide facilities. The operating lease expense was approximately $0.9 million and $0.9 million for the three months ended April 30, 2023 and 2022, respectively. The Company's short-term leases and finance leases were not material as of April 30, 2023 and January 31, 2023, respectively.

Supplemental cash flow information related to the operating leases is as follows:


	Three Months Ended April 30,
	2023		2022
	(in thousands)
Cash paid for operating leases included in operating cash flows	$	968	$	1,069
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets	$	62	$	87

As of April 30, 2023, the weighted average remaining lease term is 2.39 years, and the weighted average discount rate is 3.59 percent. Future minimum lease payments for the lease liabilities are as follows:


	As of
	April 30, 2023
Fiscal Year	(in thousands)
2024 (9 months remaining)	$	2,821
2025		3,400
2026		1,368
2027		297
2028		125
Thereafter		—
Total future annual minimum lease payments		8,011
Less: interest		(281	)
Total lease liabilities	$	7,730