Accrued and Other Current Liabilities

9 Months Ended

Oct. 31, 2022

6. Accrued and Other Current Liabilities

Accrued and other current liabilities at October 31, 2022 and January 31, 2022 consisted of the following:

	As of
	October 31, 2022		January 31, 2022
	(in thousands)
Accrued employee compensation	$	20,195	$	30,044
Accrued product development costs		13,533		10,523
Software license liabilities, current		2,332		6,001
Other accrued liabilities		7,501		5,496
Total accrued and other current liabilities	$	43,561	$	52,064

The timing of SoC development and payments to outside foundries resulted in the fluctuation of accrued product development costs. Approximately $10.9 million of annual bonus was paid in the first quarter of fiscal year 2023, of which $3.2 million was paid in cash and $7.7 million was settled with restricted stock units.