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LEASES
 12 Months Ended
Jan. 31, 2024
Leases [Abstract]  
LEASES LEASES
We have entered into operating leases primarily for corporate offices, research and development facilities, datacenters, and automobiles. Our finance leases primarily relate to infrastructure equipment. Our leases have remaining lease terms of 1 year to 11 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within 1 to 8 years. As of January 31, 2024 and 2023, assets recorded under finance leases were $8.4 million and $10.7 million, respectively. As of January 31, 2024 and 2023, accumulated depreciation associated with finance leases was $4.7 million and $4.9 million, respectively.

The components of lease expenses for the years ended January 31, 2024, 2023, and 2022 were as follows:

Year Ended January 31,
(in thousands)202420232022
Operating lease expenses$9,596 $16,301 $24,241 
Finance lease expenses:
Amortization of right-of-use assets2,481 3,057 3,223 
Interest on lease liabilities132 188 260 
Total finance lease expenses2,613 3,245 3,483 
Variable lease expenses2,829 6,318 6,344 
Short-term lease expenses148 774 1,055 
Sublease income(74)(267)(1,804)
Total lease expenses$15,112 $26,371 $33,319 

During the years ended January 31, 2024, 2023, and 2022, we exited certain leased offices primarily due to our workforce operating under a hybrid work model, under which the majority of our employees work from home on a full or part time basis, which resulted in the recognition of accelerated operating lease costs of $5.4 million, $8.3 million, and $9.8 million, respectively.
Other information related to leases was as follows:
Year Ended January 31,
(dollars in thousands)202420232022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$16,524$21,261$19,360
Operating cash flows from finance leases132187260
Financing cash flows from finance leases2,0182,8703,189
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$6,274$19,490$11,282
Finance leases5796474,041
Weighted average remaining lease terms
Operating leases8 years7 years3 years
Finance leases2 years2 years3 years
Weighted average discount rates
Operating leases6.8 %6.2 %4.8 %
Finance leases3.6 %3.6 %3.8 %

Maturities of lease liabilities as of January 31, 2024 were as follows:
January 31, 2024
(in thousands)Operating LeasesFinance Leases
Year Ending January 31,
2025$7,234 $1,472 
20267,245 882 
20276,161 182 
20285,534 70 
20294,838 — 
Thereafter18,601 — 
Total future minimum lease payments49,613 2,606 
Less: imputed interest(12,021)(86)
Total$37,592 $2,520 
Reported as of January 31, 2024:
Accrued expenses and other current liabilities$5,492 $1,433 
Operating lease liabilities32,100 — 
Other liabilities— 1,087 
Total$37,592 $2,520 

As of January 31, 2024, there were no material operating leases or finance leases that have not yet commenced.
LEASES LEASES
We have entered into operating leases primarily for corporate offices, research and development facilities, datacenters, and automobiles. Our finance leases primarily relate to infrastructure equipment. Our leases have remaining lease terms of 1 year to 11 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within 1 to 8 years. As of January 31, 2024 and 2023, assets recorded under finance leases were $8.4 million and $10.7 million, respectively. As of January 31, 2024 and 2023, accumulated depreciation associated with finance leases was $4.7 million and $4.9 million, respectively.

The components of lease expenses for the years ended January 31, 2024, 2023, and 2022 were as follows:

Year Ended January 31,
(in thousands)202420232022
Operating lease expenses$9,596 $16,301 $24,241 
Finance lease expenses:
Amortization of right-of-use assets2,481 3,057 3,223 
Interest on lease liabilities132 188 260 
Total finance lease expenses2,613 3,245 3,483 
Variable lease expenses2,829 6,318 6,344 
Short-term lease expenses148 774 1,055 
Sublease income(74)(267)(1,804)
Total lease expenses$15,112 $26,371 $33,319 

During the years ended January 31, 2024, 2023, and 2022, we exited certain leased offices primarily due to our workforce operating under a hybrid work model, under which the majority of our employees work from home on a full or part time basis, which resulted in the recognition of accelerated operating lease costs of $5.4 million, $8.3 million, and $9.8 million, respectively.
Other information related to leases was as follows:
Year Ended January 31,
(dollars in thousands)202420232022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$16,524$21,261$19,360
Operating cash flows from finance leases132187260
Financing cash flows from finance leases2,0182,8703,189
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$6,274$19,490$11,282
Finance leases5796474,041
Weighted average remaining lease terms
Operating leases8 years7 years3 years
Finance leases2 years2 years3 years
Weighted average discount rates
Operating leases6.8 %6.2 %4.8 %
Finance leases3.6 %3.6 %3.8 %

Maturities of lease liabilities as of January 31, 2024 were as follows:
January 31, 2024
(in thousands)Operating LeasesFinance Leases
Year Ending January 31,
2025$7,234 $1,472 
20267,245 882 
20276,161 182 
20285,534 70 
20294,838 — 
Thereafter18,601 — 
Total future minimum lease payments49,613 2,606 
Less: imputed interest(12,021)(86)
Total$37,592 $2,520 
Reported as of January 31, 2024:
Accrued expenses and other current liabilities$5,492 $1,433 
Operating lease liabilities32,100 — 
Other liabilities— 1,087 
Total$37,592 $2,520 

As of January 31, 2024, there were no material operating leases or finance leases that have not yet commenced.