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Stockholders’ Equity
3 Months Ended
Apr. 30, 2026
Equity [Abstract]  
Stockholders’ Equity Stockholders’ Equity
Restricted Stock Units
RSUs generally vest on a graded basis over three to four years of service. The terms of the RSUs include vesting provisions based on continued service.
The following is a summary of the Company’s RSU activity:
 Restricted
Stock Units
Weighted Average Grant Date Fair Value
Non-vested restricted stock units - February 1, 2026438,048$5.56 
Granted99,800$14.69 
Vested(35,900)$6.70 
Forfeited-$
Outstanding – April 30, 2026501,948$7.29 
During the three months ended April 30, 2026, the Company recognized stock-based compensation expense related to restricted stock units of an aggregate of approximately $242 thousand, compared to approximately $152 thousand for the three months ended April 30, 2025. The restricted stock expense was recorded to selling, general and administrative expenses or costs of sales depending on the nature of the related recipient's expense on the Condensed Consolidated Statements of Operations. As of April 30, 2026, there was unrecognized stock-based compensation expense of approximately $2.7 million related to future vesting of restricted stock units.
Options
The following is a summary of the Company’s option activity:
 OptionsWeighted Average
Exercise Price
Weighted
Average
Remaining
Contractual Life
(in years)
Aggregate Intrinsic Value
(in thousands)
Outstanding – February 1, 202671,306$4.79 7.86$413 
Granted-$
Exercised-$
Expired/forfeited-$
Outstanding – April 30, 202671,306$4.79 7.36$670 
Exercisable – April 30, 202612,935$7.57 8.40$257 
The Company values stock options using the Black-Scholes option pricing model. The grants are amortized on a straight-line basis over the requisite service period, which is generally the vesting period. If an award is granted, but vesting does not occur, any previously recognized compensation cost is reversed in the period related to the termination of service.
For the three months ended April 30, 2026, the Company recognized stock-based compensation expense related to options of approximately $19 thousand, compared to approximately $22 thousand for the three months ended April 30, 2025. The stock-based compensation expense related to the options is included in selling, general and administrative expenses on the accompanying Condensed Consolidated Statements of Operations. At April 30, 2026, there was unrecognized stock-based compensation expense related to the issuance of options of approximately $90 thousand.
Performance Stock Units
The following is a summary of the Company's Performance Stock Unit ("PSU") activity:
 
PSU(a)
Weighted Average
Grant Date Fair Value
Weighted
Average
Remaining
Contractual Life
(in years)
Outstanding at February 1, 20263,742,740$4.55 1.98
Granted102,150$14.69 
Vested-$
Forfeited-$
Outstanding at April 30, 20263,844,890$4.81 2.01
(a) The outstanding PSUs for which the vesting period has not ended as of April 30, 2026, at the maximum award level.
During the three months ended April 30, 2026, the Company granted to its Chief Executive Officer PSUs with a target payout of 68,600 shares of common stock. The PSU award is eligible to vest and settle into between 50% and 150% of the target shares based on the Company's actual performance against threshold, target, and maximum adjusted EBITDA. The PSUs had a target value of approximately $1 million. No outstanding PSUs vested in the three months ended April 30, 2026. During the three months ended April 30, 2026, the Company recognized stock-based compensation expense related to PSUs of approximately $320 thousand, compared to approximately $131 thousand for the three months ended April 30, 2025. The stock-based compensation expense related to the PSUs is included in selling, general and administrative expenses on the accompanying Condensed Consolidated Statements of Operations.
Equity issuances
During the three months ended April 30, 2026, the Company issued 7,200 shares of common stock of the Company, valued at approximately $105 thousand, for employee compensation.