Property, Plant and Equipment

9 Months Ended

Oct. 31, 2025

Property, Plant and Equipment [Abstract]

Note 8 – Property, Plant and Equipment

Property, plant and equipment consist of the following:


(In thousands)	October 31, 2025			January 31, 2025*
Land and Land Improvements	$	2,304		$	2,304
Buildings and Leasehold Improvements		15,350			15,224
Machinery and Equipment		28,942			26,547
Computer Equipment and Software		14,587			14,538
Gross Property, Plant and Equipment		61,183			58,613
Accumulated Depreciation		(46,474	)		(42,820	)
Net Property Plant and Equipment	$	14,709		$	15,793

* The prior year balance sheet has been restated to reflect the write-off of Euro 1.8 million (approximately $1.8 million as of January 31, 2025) in net book value of property, plant and equipment that was included in the MTEX opening balance sheet. Refer to Note 1, “Business and Basis of Presentation” under the section “Correction of Immaterial Error in Prior Period Financial Statements” for additional details.

Depreciation expense on property, plant and equipment was $0.2 million and $1.4 million for the three and nine months ended October 31, 2025, respectively. Depreciation expense on property, plant and equipment was $0.6 million and $1.6 million for the three and nine months ended November 2, 2024, respectively.