XML 46 R31.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 24 - Net Loss Per Share | 12 Months Ended
--- | ---
Jan. 31, 2023
Notes to Financial Statements |
Earnings Per Share [Text Block] | (24) Net Loss Per Share Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options, and shares issuable under the employee stock purchase plan using the treasury stock method. The following tables set forth the computation of basic and diluted earnings per share (in thousands, except per share data):
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
|  | Successor |  |  | Successor |  |  | Predecessor (SLH) |  |  | Predecessor (SLH) |  |  | Predecessor (PL) |
|  | From |  |  | From |  |  | From |  |  | From |  |  | From |
|  | February 1, 2022 |  |  | June 12, 2021 |  |  | February 1, 2021 |  |  | August 27, 2020 |  |  | February 1, 2020 |
|  | to January 31, |  |  | to January 31, |  |  | to June 11, |  |  | to January 31, |  |  | to August 27, |
|  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2021 |  |  | 2020 |
Net income (loss) from continuing operations |  | $ | (790,066 | ) |  | $ | (58,746 | ) |  | $ | (50,439 | ) |  | $ | (89,754 | ) |  | $ | 2,929,958 |
Net income (loss) from discontinued operations |  |  | 65,102 |  |  |  | 11,940 |  |  |  | 1,175 |  |  |  | (3,968 | ) |  |  | (165,946 | )
Net income (loss) |  | $ | (724,964 | ) |  | $ | (46,806 | ) |  | $ | (49,264 | ) |  | $ | (93,722 | ) |  | $ | 2,764,012 |
Net income (loss) share class (Predecessor (SLH) only) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss for Class A - Continuing operations |  |  |  |  |  |  |  |  |  | $ | (48,421 | ) |  | $ | (86,164 | ) |  |  |  |
Net income (loss) for Class A - Discontinued operations |  |  |  |  |  |  |  |  |  |  | 1,128 |  |  |  | (3,809 | ) |  |  |  |
Loss on modifications of terms of participation rights held by Class B shareholders and warrants |  |  |  |  |  |  |  |  |  |  | — |  |  |  | (5,900 | ) |  |  |  |
Net loss attributable to Class A |  |  |  |  |  |  |  |  |  | $ | (47,293 | ) |  | $ | (95,873 | ) |  |  |  |
Net loss for Class B - Continuing operations |  |  |  |  |  |  |  |  |  | $ | (2,018 | ) |  | $ | (3,590 | ) |  |  |  |
Net income (loss) loss for Class B - Discontinued operations |  |  |  |  |  |  |  |  |  |  | 47 |  |  |  | (159 | ) |  |  |  |
Gain on modifications of terms of participation rights held by Class B shareholders and warrants |  |  |  |  |  |  |  |  |  |  | — |  |  |  | 5,900 |  |  |  |  |
Net income (loss) attributable to Class B |  |  |  |  |  |  |  |  |  | $ | (1,971 | ) |  | $ | 2,151 |  |  |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ordinary – Basic and Diluted (Successor) |  |  | 158,880 |  |  |  | 133,143 |  |  |  | * |  |  |  | * |  |  |  | * |
Class A – Basic and Diluted (Predecessor (SLH)) |  |  | * |  |  |  | * |  |  |  | 3,840 |  |  |  | 3,840 |  |  |  | * |
Class B – Basic and Diluted (Predecessor (SLH)) |  |  | * |  |  |  | * |  |  |  | 160 |  |  |  | 160 |  |  |  | * |
Ordinary – Basic and Diluted (Predecessor (PL)) |  |  | * |  |  |  | * |  |  |  | * |  |  |  | * |  |  |  | 100.1 |
Net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ordinary – Basic and Diluted (Successor) - Continuing operations |  | $ | (4.97 | ) |  | $ | (0.44 | ) |  |  | * |  |  |  | * |  |  |  | * |
Ordinary – Basic and Diluted (Successor) - Discontinued operations |  |  | 0.41 |  |  |  | 0.09 |  |  |  | * |  |  |  | * |  |  |  | * |
Ordinary – Basic and Diluted (Successor) |  | $ | (4.56 | ) |  | $ | (0.35 | ) |  |  | * |  |  |  | * |  |  |  | * |
Class A – Basic and Diluted (Predecessor (SLH)) - Continuing operations |  |  | * |  |  |  | * |  |  | $ | (12.61 | ) |  | $ | (23.98 | ) |  |  | * |
Class A – Basic and Diluted (Predecessor (SLH)) - Discontinued operations |  |  | * |  |  |  | * |  |  |  | 0.29 |  |  |  | (0.99 | ) |  |  | * |
Class A – Basic and Diluted (Predecessor (SLH)) |  |  | * |  |  |  | * |  |  | $ | (12.32 | ) |  | $ | (24.97 | ) |  |  | * |
Class B – Basic and Diluted (Predecessor (SLH)) - Continuing operations |  |  | * |  |  |  | * |  |  | $ | (12.61 | ) |  | $ | 14.43 |  |  |  | * |
Class B – Basic and Diluted (Predecessor (SLH)) - Discontinued operations |  |  | * |  |  |  | * |  |  |  | 0.29 |  |  |  | (0.99 | ) |  |  | * |
Class B – Basic and Diluted (Predecessor (SLH)) |  |  | * |  |  |  | * |  |  | $ | (12.32 | ) |  | $ | 13.44 |  |  |  | * |
Ordinary – Basic and Diluted (Predecessor (PL)) - Continuing operations |  |  | * |  |  |  | * |  |  |  | * |  |  |  | * |  |  | $ | 29,270.31 |
Ordinary – Basic and Diluted (Predecessor (PL)) - Discontinued operations |  |  | * |  |  |  | * |  |  |  | * |  |  |  | * |  |  |  | (1,657.80 | )
Ordinary – Basic and Diluted (Predecessor (PL)) |  |  | * |  |  |  | * |  |  |  | * |  |  |  | * |  |  | $ | 27,612.51 |
* | Not Applicable
Common shares related to participating rights in Notional Units in Evergreen have been excluded as the income generated for period from February 1, 2020 through August 27, 2020 (Predecessor (PL)) is attributable to gains recognized upon emergence of bankruptcy, which the Notional Units did not participate in as they were cancelled at that time. Warrants to purchase 705,882 common shares have been excluded from the Predecessor (SLH) period since, for periods of losses, the impact would be anti-dilutive and, for periods of income, no shares would be added to diluted earnings per share under the treasury stock method as the strike price of these awards are above the fair market value of underlying shares for all periods presented. During the fiscal year ended January 31, 2023 (Successor), the period from June 12, 2021 through January 31, 2022 (Successor), and the period from February 1, 2021 through June 11, 2021 (Predecessor (SLH)), the Company incurred net losses and, therefore, the effect of the Company’s potentially dilutive securities was not included in the calculation of diluted loss per share as the effect would be anti-dilutive. The following table contains share/unit totals with a potentially dilutive impact (in thousands):
|  | Fiscal 2023 |  |  | Fiscal 2022 |
|  | Successor |  |  | Successor |  |  | Predecessor (SLH) |
|  | From |  |  | From |  |  | From |
|  | February 1, 2022 |  |  | June 12, 2021 |  |  | February 1, 2021 |
|  | to January 31, |  |  | to January 31, |  |  | to June 11, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Warrants to purchase common shares |  |  | 61,967 |  |  |  | 61,967 |  |  |  | 706 |
Stock Options |  |  | 2,322 |  |  |  | 2,826 |  |  |  | — |
RSU’s |  |  | 14,425 |  |  |  | 6,558 |  |  |  | — |
Total |  |  | 78,714 |  |  |  | 71,351 |  |  |  | 706 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration