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Income Taxes
 9 Months Ended
Oct. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 10 – INCOME TAXES

The Company recorded an income tax provision of $3.3 million and $2.4 million for the three months ended October 31, 2025 and 2024, respectively. The effective tax rate was 25.3% and 31.9% for the three months ended October 31, 2025 and 2024, respectively.

The Company recorded an income tax provision of $5.9 million and $5.2 million for the nine months ended October 31, 2025 and 2024, respectively. The effective tax rate was 29.5% and 32.8% for the nine months ended October 31, 2025 and 2024, respectively.

The significant components of the effective tax rate for both the three and nine month periods changed primarily due to the tax consequences of a foreign currency gain related to an extraordinary intercompany dividend in the prior year and changes in certain foreign valuation allowances, partially offset by changes in jurisdictional earnings.

At October 31, 2025, the Company had no deferred tax liability for substantially all of the undistributed foreign earnings of approximately $252.2 million because the Company intends to permanently reinvest such earnings in its foreign operations. It is not practicable to estimate the tax liability related to a future distribution of these permanently reinvested foreign earnings.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law by President Trump. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The Company will continue to evaluate and monitor potential impact on future periods; however, the Company does not expect the OBBBA to have a material impact on its Consolidated Financial Statements.