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Leases | 12 Months Ended
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Jan. 31, 2024
Leases [Abstract] |
Leases | Leases The Company adopted ASC 842 as of February 1, 2022. The Company has leases for corporate offices under non-cancelable operating leases with various expiration dates. The Company did not have any finance leases during the years ended January 31, 2024 and 2023. On August 2, 2023, the Company entered into a 10-year operating lease agreement for a new corporate headquarters located in New York, NY. The Company has the option to extend the term for 60 months. The Company cannot take possession of the leased premises until the design and construction period ends, which is anticipated to end in early fiscal 2025. The annual lease payments will be approximately $2.6 million once the lease commences. The components of lease expense were as follows:
| Year Ended January 31,
(in thousands) | 2024 |  | 2023
Operating lease cost | $ | 11,086 |  |  | $ | 8,145 |
Variable lease cost | 1,270 |  |  | 1,147 |
Short-term lease cost | 714 |  |  | 763 |
Total lease cost | $ | 13,070 |  |  | $ | 10,055 |
The weighted-average remaining lease term and discount rate were as follows:
| January 31,
| 2024 |  | 2023
Weighted-average remaining lease term (in years) | 6.20 |  | 2.96
Weighted-average discount rate | 10.11 | % |  | 11.01 | %
The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives were as follows as of January 31, 2024:
(in thousands) |  |
Fiscal year ended January 31, |  |
2025 |  | $ | 8,743 |
2026 |  | 7,361 |
2027 |  | 7,063 |
2028 |  | 5,597 |
2029 |  | 4,669 |
Thereafter |  | 12,802 |
Total minimum lease payments (1) |  | 46,235 |
Less: imputed interest |  | (12,943) |
Total |  | $ | 33,292 |
(1) Excludes future payments related to the New York operating lease, which has been signed but not yet commenced as of January 31, 2024.

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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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