The Company leases office space globally under non-cancelable operating lease agreements that expire at various dates through fiscal 2025. The leases require monthly lease payments that may be subject to annual increases throughout the lease term. Certain of these leases include (i) renewal options at the election of the Company to renew or extend the lease for an additional 5 years, and/or (ii) options to terminate the lease early, subject to certain termination penalties and fees. These optional renewal and terminations periods have not been considered in the determination of the right-of-use assets (“RoU”) and lease liabilities associated with these leases, as the Company did not consider it reasonably certain it would exercise the options. During the second quarter of fiscal 2023, the Company exercised the option to early terminate one of its office leases, resulting in the related right-of-use asset balance being written off with no corresponding lease liability remaining on the Company’s balance sheet. This action resulted in a $0.1 million gain recognized in interest and other income (expense), net in the Company’s condensed consolidated statements of operations during the nine months ended October 31, 2022.

The Company evaluated its contracts and determined each of its identified leases are classified as operating leases. The Company has no lease agreements that are classified as finance leases as of October 31, 2022.

The following table presents the components of operating lease expense (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2022		2021		2022		2021
Operating lease expense	$	975	$	1,109	$	3,115	$	3,367
Variable lease expense	114		115		364		381
Short-term lease expense	118		20		277		39
Sublease income	67		65		197		151

As of October 31, 2022, the weighted average remaining lease term was 0.7 years and the weighted average discount rate used to determine the net present value of the lease liability was 3.0%.

Supplemental cash flow information and non-cash activity related to the Company’s operating leases were as follows (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2022		2021		2022		2021
Cash paid for amounts included in the measurement of lease liabilities	$	1,081	$	1,190	$	3,433	$	3,580

As of October 31, 2022, remaining maturities of lease liabilities are as follows (in thousands):


	Amount
Remainder of fiscal 2023	$	1,096
2024	1,638
2025	19


Total lease payments	$	2,753
Less: imputed interest	(34)
Present value of lease liabilities	$	2,719