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Leases
 3 Months Ended
Apr. 30, 2024
Leases [Abstract]  
Leases Leases
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 three months ended April 30, 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, which is not included in our right-of-use (“ROU”) assets and lease liabilities as the lease renewal is not reasonably certain to be exercised. The lease commenced on April 29, 2024 with payments beginning in December 2024.
The components of lease expense were as follows:
Three Months Ended April 30,
(in thousands)20242023
Operating lease cost$2,862 $2,395 
Variable lease cost329 302 
Short-term lease cost142 207 
Total lease cost$3,333 $2,904 

The weighted average remaining lease term and discount rate were as follows:
April 30, 2024January 31, 2024
Weighted average remaining lease term (years)7.676.20
Weighted average discount rate8.99 %10.11 %
The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, were as follows:
(in thousands)April 30, 2024
Fiscal year ended January 31, 2025 (remaining nine months)
$7,951 
202610,205 
20279,657 
20288,191 
20297,263 
20301,540 
Thereafter27,769 
Total minimum lease payments
72,576 
Less: imputed interest(20,983)
Total$51,593