Leases

12 Months Ended

Jan. 31, 2022

Note 12—Leases

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

that we

will exercise such options.

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


Operating Leases (In thousands)	Balance Sheet Classification	January 31, 2022		January 31, 2021
Lease Assets	Right of Use Assets	$	1,094	$	1,389
Lease Liabilities—Current	Other Accrued Expenses		327		372
Lease Liabilities—Long Term	Lease Liabilities	$	808	$	1,065

Lease cost information is as follows:


Operating Leases (In thousands)	Statement of Income Classification		2022		2021
Operating Lease Costs		General and Administrative Expense	$	510	$	485

At January 31, 2022, maturities of operating lease liabilities are as follows:


(In thousands)
2023	$	327
2024		308
2025		203
2026		159
2027		153
Thereafter		91

Total Lease Payments		1,241
Less: Imputed Interest		(106	)

Total Lease Liabilities	$	1,135

As of January 31, 2022, the weighted-average remaining lease term and weighted-average discount rate for our operating leases are 4.5 years and 3.85%, 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)	2022		2021

Cash paid for operating lease liabilities	$	372	$	429