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SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION
 12 Months Ended
Jan. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION
 
Consolidated Balance Sheets

Inventories consisted of the following as of January 31, 2024 and 2023: 
January 31,
(in thousands)20242023
Raw materials$12,124 $17,337 
Work-in-process6,751 7,057 
Finished goods5,709 869 
Total inventories$24,584 $25,263 
 
Property and equipment, net consisted of the following as of January 31, 2024 and 2023:
January 31,
(in thousands)20242023
Land and buildings$2,854 $2,854 
Leasehold improvements12,368 13,486 
Software26,355 27,889 
Equipment, furniture and other51,551 54,617 
Total cost93,128 98,846 
Less: accumulated depreciation and amortization(68,744)(72,971)
Total property and equipment, net$24,384 $25,874 
Depreciation expense on property and equipment was $9.9 million, $11.7 million and $15.5 million in the years ended January 31, 2024, 2023, and 2022, respectively.

Prepaid expenses and other current assets consisted of the following as of January 31, 2024 and 2023:
January 31,
(in thousands)20242023
Prepaid expenses$26,701 $29,081 
Deferred cost of revenue1,451 2,347 
Income tax receivables4,249 7,028 
Foreign currency forward contracts1,792 288 
Other942 595 
Total prepaid expenses and other current assets$35,135 $39,339 

Other assets consisted of the following as of January 31, 2024 and 2023:
January 31,
(in thousands)20242023
 Long-term restricted cash and time deposits $137 $203 
 Capitalized software development costs, net 8,370 9,706 
 Deferred commissions 2,567 2,339 
 Long-term deferred cost of revenue 390 127 
 Long-term security deposits 132 6 
 Noncontrolling investments accounted under ASC 321
7,186 7,046 
 Other 353 534 
Total other assets$19,135 $19,961 

Accrued expenses and other current liabilities consisted of the following as of January 31, 2024 and 2023:
January 31,
(in thousands)20242023
Compensation and benefits$45,476 $38,253 
Distributor and agent commissions9,630 10,345 
Operating lease obligations - current portion5,413 6,604 
Income taxes3,428 3,121 
Taxes other than income taxes8,447 12,720 
Fair value of derivatives - current portion223 1,592 
Other3,209 5,662 
Total accrued expenses and other current liabilities$75,826 $78,297 

Other liabilities consisted of the following as of January 31, 2024 and 2023:
January 31,
(in thousands)20242023
Unrecognized tax benefits, including interest and penalties$5,810 $9,563 
Obligations for severance compensation1,796 2,104 
Total other liabilities$7,606 $11,667 
Consolidated Statements of Operations

Other income (expense), net consisted of the following for the years ended January 31, 2024, 2023, and 2022: 
 Year Ended January 31,
(in thousands)202420232022
Gain from business divestiture$4,768 $5,764 $— 
Gains on investments, net$— $1,660 $729 
Foreign currency losses, net$(846)$(51)$(3,140)
(Losses) gains on derivative financial instruments, net$(330)$(426)$133 
Other (expense) income, net(677)204 (403)
Total other income (expense), net$2,915 $7,151 $(2,681)

Consolidated Statements of Cash Flows
 
The following table provides supplemental information regarding our consolidated cash flows for the years ended January 31, 2024, 2023, and 2022:
 Year Ended January 31,
(in thousands)202420232022
Cash paid for interest, including commitment fee$663 $1,978 $470 
Cash payments of income taxes, net$6,766 11,284 8,232 
Non-cash investing and financing transactions:
Accrued but unpaid purchases of property and equipment$163 972 1,166 
Extinguishment of liability with stocks$3,856 — 2,514 
Inventory transfers to property and equipment$1,639 1,474 537