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Leases | 12 Months Ended
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Jan. 31, 2025
Leases [Abstract] |
Leases | 8. Leases The lease obligations primarily consist of operating leases for the Company's headquarters and its foreign subsidiaries. During the twelve months ended January 31, 2025, the Company extended certain facility leases for its international offices with lease periods expiring between fiscal years 2027 and 2031. An aggregate of approximately $3.6 million of additional operating lease ROU and corresponding lease liabilities were recorded in the consolidated balance sheets as a result of these lease extensions. In December 2024, the Company entered into a new office lease for its headquarters in Santa Clara, California for 104 months beginning from September 1, 2025 to April 30, 2034. As of January 31, 2025, the lease has not commenced as the facility is not available to use. The corresponding ROU and lease liabilities will be recorded in the balance sheet upon lease commencement date. The total future undiscounted cash payments are approximately $15.7 million and will be paid through the lease term. For the fiscal years ended January 31, 2025, 2024 and 2023, the operating lease expense was approximately $3.8 million, $3.7 million and $3.7 million, respectively. The Company's short-term leases and finance leases were immaterial as of January 31, 2025 and 2024, respectively. Supplemental cash flow information related to the operating leases is as follows:
|  | Year Ended January 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | (in thousands) |
Cash paid for operating leases included in operating cash flows |  | $ | 3,800 |  |  | $ | 3,877 |  |  | $ | 4,011 |
Operating lease assets changes arising from lease obtained and modifications |  | $ | 3,604 |  |  | $ | 348 |  |  | $ | 575 |
As of January 31, 2025, the weighted average remaining lease term is 2.2 years, and the weighted average discount rate is 3.45%. Future minimum lease payments for the lease liabilities are as follows:
|  | As of |
|  | January 31, 2025 |
Fiscal Year |  | (in thousands) |
2026 |  | $ | 2,916 |
2027 |  |  | 1,613 |
2028 |  |  | 815 |
2029 |  |  | 23 |
2030 |  |  | 23 |
Thereafter |  |  | 18 |
Total future annual minimum lease payments |  |  | 5,408 |
Less: interest |  |  | (143 | )
Total lease liabilities |  | $ | 5,265 |

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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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