Leases

12 Months Ended

Jan. 31, 2025

Note 11—Leases

We enter into lease contracts for certain of our facilities at various locations worldwide. Our leases have remaining lease terms of one to ten 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, 2025		January 31, 2024
Lease Assets	Right of Use Assets	$	1,781	$	603
Lease Liabilities—Current	Other Accrued Expenses	$	320	$	233
Lease Liabilities—Long Term	Lease Liabilities	$	1,535	$	415

Lease cost information is as follows:


Operating Leases (In thousands)	Statement of Income Classification	2025		2024
Operating Lease Costs	General and Administrative Expense	$	410	$	318

At January 31, 2025, maturities of operating lease liabilities are as follows:


(In thousands)
2026	$	437
2027		393
2028		336
2029		244
2030		191
Thereafter		691
Total Lease Payments		2,292
Less: Imputed Interest		(437	)
Total Lease Liabilities	$	1,855

As of January 31, 2025, the weighted-average remaining lease term and weighted-average discount rate for our operating leases are 7.0 years and 5.96%, 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)	2025		2024
Cash paid for operating lease liabilities	$	418	$	350