The Company enters into various operating leases for its worldwide facilities. In the second quarter of fiscal year 2023, the Company extended leases for its Shenzhen office and one of its facilities in Santa Clara, California for an additional two years beginning October 1, 2022 to September 30, 2024. For the lease extensions, the Company recorded an increase to the operating lease right-of-use (ROU) assets and corresponding operating lease liabilities of approximately $0.8 million in the condensed consolidated balance sheets.

Operating lease expense was approximately $0.9 million and $0.8 million for the three months ended July 31, 2022 and 2021, respectively, and was approximately $1.8 million and $1.6 million for the six months ended July 31, 2022 and 2021, respectively. The Company's short-term leases and finance leases were not material as of July 31, 2022 and January 31, 2022, respectively.

Supplemental cash flow information related to the operating leases is as follows:

	Three Months Ended		Six Months Ended
	July 31, 2022		July 31, 2022
	(in thousands)
Cash paid for operating leases included in operating cash flows	$	1,090	$	2,159
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets	$	83	$	170
Leased assets obtained in exchange for operating lease liabilities arising from lease modifications	$	810	$	810

As of July 31, 2022, the weighted average remaining lease term is 3.09 years, and the weighted average discount rate is 3.57 percent. Future minimum lease payments for the lease liabilities are as follows:

	As of
	July 31, 2022
Fiscal Year	(in thousands)
2023 (6 months remaining)	$	1,881
2024		3,797
2025		3,467
2026		1,416
2027		340
Thereafter		119
Total future annual minimum lease payments		11,020
Less: interest		(490	)
Total lease liabilities	$	10,530