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Share-Based Compensation (Tables)
6 Months Ended
Jul. 31, 2025
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation Expense

Share-based compensation expense was recognized as follows:

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 31,
2025

 

 

August 3,
2024

 

 

July 31,
2025

 

 

August 3,
2024

 

Stock Options

 

$

35

 

 

$

 

 

$

35

 

 

$

 

Restricted Stock Awards and Restricted Stock Units

 

 

421

 

 

 

470

 

 

 

702

 

 

 

789

 

Stock-Settled Performance Awards

 

 

43

 

 

 

 

 

 

43

 

 

 

 

Employee Stock Purchase Plan

 

 

 

 

 

11

 

 

 

25

 

 

 

17

 

Total

 

$

499

 

 

$

481

 

 

$

805

 

 

$

806

 

Schedule of Fair Value Of Stock Options Granted

The fair value of stock options granted during the six months ended July 31, 2025 was estimated using the following assumptions:

 

    Risk Free Interest Rate

 

 

4.2

%

Expected Volatility

 

 

45.7

%

Expected Life (in years)

 

 

7.6

 

Aggregated Information Regarding Stock Option Activity

Aggregated information regarding stock option activity for the six months ended July 31, 2025, is summarized below:

 

 

 

Number of
Options

 

 

Weighted Average
Exercise Price

 

Outstanding at January 31, 2025

 

 

421,699

 

 

$

15.52

 

Granted

 

 

30,000

 

 

 

11.10

 

Exercised

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Canceled

 

 

(132,650

)

 

 

14.40

 

Outstanding at July 31, 2025

 

 

319,049

 

 

$

15.57

 

 

Summary of Options Outstanding

Below is a summary of options outstanding at July 31, 2025:

 

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

 

 

127,974

 

 

$

12.92

 

 

 

3.2

 

 

 

102,974

 

 

$

13.36

 

 

 

1.6

 

$15.01-20.00

 

 

191,075

 

 

$

17.35

 

 

 

1.7

 

 

 

191,075

 

 

$

17.35

 

 

 

1.7

 

 

 

319,049

 

 

$

15.57

 

 

 

2.3

 

 

 

294,049

 

 

$

15.95

 

 

 

1.7

 

Aggregated Information Regarding RSU, PSU and RSA Activity

Aggregated information regarding RSU, PSU and RSA activity for the six months ended July 31, 2025, is summarized below:

 

 

RSUs, PSUs & RSAs

 

 

Weighted Average
Grant Date Fair Value

 

Outstanding at January 31, 2025

 

 

253,777

 

 

$

14.07

 

Granted

 

 

152,436

 

 

 

8.33

 

Vested

 

 

(92,973

)

 

 

12.79

 

Forfeited

 

 

(140,123

)

 

 

12.81

 

Outstanding at July 31, 2025

 

 

173,117

 

 

$

10.71