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Share-Based Compensation (Tables)
12 Months Ended
Jan. 31, 2024
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation Expense

Share-based compensation expense has been recognized as follows:

 

 

Years Ended January 31

 

 

2024

 

 

2023

 

 

2022

 

(In thousands)

 

 

 

 

 

 

 

 

 

Stock Options

 

$

 

 

$

7

 

 

$

210

 

Restricted Stock Awards and Restricted Stock Units

 

 

1,322

 

 

 

1,271

 

 

 

1,266

 

Employee Stock Purchase Plan

 

 

25

 

 

 

12

 

 

 

17

 

Total

 

$

1,347

 

 

$

1,290

 

 

$

1,493

 

 

Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the plans is summarized below:

 

 

Number
of Shares

 

 

Weighted-
Average
Exercise
Price Per
Share

 

Options Outstanding, January 31, 2021

 

 

622,083

 

 

$

14.63

 

Options Granted

 

 

 

 

 

 

Options Exercised

 

 

(6,425

)

 

 

9.34

 

Options Forfeited

 

 

(17,615

)

 

 

15.09

 

Options Cancelled

 

 

 

 

 

 

Options Outstanding, January 31, 2022

 

 

598,043

 

 

$

14.67

 

Options Granted

 

 

 

 

 

 

Options Exercised

 

 

(42,944

)

 

 

8.74

 

Options Forfeited

 

 

(5,500

)

 

 

15.42

 

Options Cancelled

 

 

(2,400

)

 

 

8.09

 

Options Outstanding, January 31, 2023

 

 

547,199

 

 

$

15.16

 

Options Granted

 

 

 

 

 

 

Options Exercised

 

 

(9,100

)

 

 

11.54

 

Options Forfeited

 

 

(10,525

)

 

 

15.20

 

Options Cancelled

 

 

(4,225

)

 

 

10.50

 

Options Outstanding, January 31, 2024

 

 

523,349

 

 

$

15.26

 

Summary of Options Outstanding

Set forth below is a summary of options outstanding at January 31, 2024:

 

Outstanding

 

 

Exercisable

 

Range of
Exercise prices

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Life

 

$10.01-15.00

 

 

311,874

 

 

$

13.78

 

 

 

2.0

 

 

 

311,874

 

 

$

13.78

 

 

 

2.0

 

$15.01-20.00

 

 

211,475

 

 

 

17.44

 

 

 

3.8

 

 

 

211,475

 

 

 

17.44

 

 

 

3.8

 

 

 

523,349

 

 

$

15.26

 

 

 

2.7

 

 

 

523,349

 

 

$

15.26

 

 

 

2.7

 

Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs, PSUs and RSAs granted under the Plan is summarized below:

 

 

RSUs, PSUs &
RSAs

 

 

Weighted-Average
Grant Date
Fair Value

 

Outstanding at January 31, 2021

 

 

197,413

 

 

$

9.96

 

Granted

 

 

151,406

 

 

 

14.51

 

Vested

 

 

(126,939

)

 

 

10.43

 

Forfeited

 

 

(900

)

 

 

14.26

 

Outstanding at January 31, 2022

 

 

220,980

 

 

$

13.23

 

Granted

 

 

141,371

 

 

 

12.70

 

Vested

 

 

(85,324

)

 

 

13.45

 

Forfeited

 

 

(2,100

)

 

 

13.25

 

Outstanding at January 31, 2023

 

 

274,927

 

 

$

12.82

 

Granted

 

 

157,643

 

 

 

12.64

 

Vested

 

 

(116,288

)

 

 

12.29

 

Forfeited

 

 

(15,577

)

 

 

13.37

 

Outstanding at January 31, 2024

 

 

300,705

 

 

$

12.90