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. For the three months ended October 31, 2022, the Company modified a lease liability for its Italy office lease and recorded a reduction to the ROU assets and corresponding operating lease liabilities of approximately $0.2 million in the condensed consolidated balance sheets.

Operating lease expense was approximately $1.0 million and $0.9 million for the three months ended October 31, 2022 and 2021, respectively, and was approximately $2.8 million and $2.5 million for the nine months ended October 31, 2022 and 2021, respectively. The Company's short-term leases and finance leases were not material as of October 31, 2022 and January 31, 2022, respectively.

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

	Three Months Ended			Nine Months Ended
	October 31, 2022			October 31, 2022
	(in thousands)
Cash paid for operating leases included in operating cash flows	$	1,095		$	3,254
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets	$	78		$	248
Leased assets changes arising from lease modifications	$	(235	)	$	575

As of October 31, 2022, the weighted average remaining lease term is 2.85 years, and the weighted average discount rate is 3.59 percent. Future minimum lease payments for the lease liabilities are as follows:

	As of
	October 31, 2022
Fiscal Year	(in thousands)
2023 (3 months remaining)	$	919
2024		3,664
2025		3,355
2026		1,363
2027		319
Thereafter		113
Total future annual minimum lease payments		9,733
Less: interest		(411	)
Total lease liabilities	$	9,322