Leases

12 Months Ended

Jan. 31, 2021

Note 12—Leases

We enter into lease contracts for certain of its facilities at various locations worldwide. Our leases have remaining lease terms of one to eight years, some of which include options to extend the lease term for periods of up to five years when it is reasonably certain the Company will exercise such options.

We lease office space from an affiliate. This lease is classified as an operating lease with annual rental payments of $63,000 for both January 31, 2021 and January 31, 2020.

Balance sheet and other information related to our leases is as follows:


Operating Leases (In thousands)	Balance Sheet Classification	January 31, 2021		January 31, 2020
Lease Assets	Right of Use Assets	$	1,389	$	1,661
Lease Liabilities — Current	Other Accrued Expenses		372		416
Lease Liabilities — Long Term	Lease Liabilities	$	1,065	$	1,279

Lease cost information is as follows:


Operating Leases (In thousands)	Statement of Income Classification		Year Ended January 31, 2021		Year Ended January 31, 2020
Operating Lease Costs		General and Administrative Expense	$	485	$	449

Maturities of operating lease liabilities are as follows:


(In thousands)	January 31, 2021

2022	$	372
2023		318
2024		292
2025		184
2026		163
Thereafter		270

Total Lease Payments		1,599
Less: Imputed Interest		(162	)

Total Lease Liabilities	$	1,437

As of January 31, 2021, the weighted-average remaining lease term and weighted-average discount rate for our operating leases are 5.2 years and 4.00%, respectively. We calculated the weighted-average discount rate using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collateralized basis over a similar term.

Supplemental cash flow information related to leases is as follows:


(In thousands)	Year Ended January 31, 2021		Year Ended January 31, 2020
Cash paid for operating lease liabilities	$	429	$	406