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Derivative Financial Instruments | 3 Months Ended
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Apr. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments | NOTE 7 – DERIVATIVE FINANCIAL INSTRUMENTS The Company addresses certain financial exposures that include the use of derivative financial instruments. The Company enters into foreign currency forward contracts to reduce the effects of fluctuating foreign currency exchange rates. As of April 30, 2026, the Company's net forward contracts hedging portfolio designated as qualified cash flow hedging instruments consisted of $6.0 million Euros equivalent with various expiry dates ranging through July 15, 2026. Th e net gain or loss on the derivatives is reported as a component of accumulated other comprehensive income/(loss) and reclassified into earnings in the same period during which the hedged transaction affects earnings using the same revenue or expense category that the hedged item impacted. The Company also enters into foreign currency forward contracts not designated as qualified hedges in accordance with ASC 815, Derivatives and Hedging. As of April 30, 2026, the Company’s net forward contracts hedging portfolio not designated as qualified hedges consisted of 12.0 million Swiss Francs equivalent, 27.6 million U.S. dollars eq uivalent, 13.9 million Euros equivalent and 1.9 million British Pounds equivalent with various expiry dates ranging through July 9, 2026. Changes in the fair value of these derivatives are recognized in earnings in the period they arise. Net gains or losses related to these forward contracts are included in Cost of sales, Selling, general and administrative expenses in the Consolidated Statements of Operations. The cash flows related to these foreign currency contracts are classified in operating activities. The following table presents the fair values of the Company's derivative financial instruments included in the Consolidated Balance Sheets as of April 30, 2026, January 31, 2026 and April 30, 2025 (in thousands):
|  | Asset Derivatives |  |  | Liability Derivatives |
|  | Balance Sheet Location |  | April 30, 2026 Fair Value |  |  | January 31, 2026 Fair Value |  |  | April 30, 2025 Fair Value |  |  | Balance Sheet Location |  | April 30, 2026 Fair Value |  |  | January 31, 2026 Fair Value |  |  | April 30, 2025 Fair Value |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign Exchange Contracts |  | Other Current Assets |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |  | Accrued Liabilities |  | $ | — |  |  | $ | — |  |  | $ | 1,263 |
Total Derivative Instruments |  |  |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,263 |
|  | Asset Derivatives |  |  | Liability Derivatives |
|  | Balance Sheet Location |  | April 30, 2026 Fair Value |  |  | January 31, 2026 Fair Value |  |  | April 30, 2025 Fair Value |  |  | Balance Sheet Location |  | April 30, 2026 Fair Value |  |  | January 31, 2026 Fair Value |  |  | April 30, 2025 Fair Value |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign Exchange Contracts |  | Other Current Assets |  | $ | 44 |  |  | $ | 484 |  |  | $ | 1,255 |  |  | Accrued Liabilities |  | $ | 103 |  |  | $ | 10 |  |  | $ | — |
Total Derivative Instruments |  |  |  | $ | 44 |  |  | $ | 484 |  |  | $ | 1,255 |  |  |  |  | $ | 103 |  |  | $ | 10 |  |  | $ | — |
As of April 30, 2026, January 31, 2026 and April 30, 2025, the balance of net deferred gains on derivative financial instruments designated as cash flow hedges included in accumulated other comprehensive income/(loss) were an immaterial amount, $0 and ($1.1) million, respectively. For the three months ended April 30, 2026, and April 30, 2025, the Company reclassifie d $0 an d ($0.1) million, respectively, from accumulated other comprehensi ve loss to Net sales in the Consolidated Statements of Operations. No amounts associated with ineffectiveness has been recorded for the three months ended April 30, 2026. See Note 8 - Fair Value Measurements for fair value and presentation in the Consolidated Balance Sheets for derivatives.

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