Employee Benefit Plan |
3 Months Ended |
|---|---|
Apr. 30, 2023 | |
| Retirement Benefits [Abstract] | |
| Employee Benefit Plan | EMPLOYEE BENEFIT PLAN Our U.S. employees participate in a 401(k) defined contribution plan sponsored by us. Contributions to the plan are discretionary. There were $1.5 million and $0.5 million, respectively, matching contributions for the three months ended April 30, 2023 and 2022, respectively. Israeli Severance Pay Israeli labor law generally requires payment of severance pay upon dismissal of an employee or upon termination of employment in certain other circumstances. Pursuant to Section 14 of the Severance Compensation Act, 1963 (Section 14), all of our employees in Israel are entitled to monthly deposits made in their name with insurance companies, at a rate of 8.33% of their monthly salary. These payments release us from any future severance payment obligation with respect to these employees; as such, any liability for severance pay due to these employees and the deposits under Section 14 are not recorded as an asset on our condensed consolidated balance sheets. We recorded severance expenses related to these employees of $1.0 million and $1.0 million for the three months ended April 30, 2023 and 2022, respectively.
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