v3.26.1
Stockholders' equity
 3 Months Ended
Apr. 30, 2026
Equity [Abstract]  
Stockholders' equity Stockholders' equity
(a) Common stock
The Company closed its initial public offering (“IPO”) on July 22, 2019 and filed an Amended and Restated Certificate of Incorporation authorizing the issuance of up to 500,000,000 shares of common stock, par value $0.01 per share.
(b) Treasury stock
The Company's equity-based compensation plan allows for the grant of non-vested stock options, restricted stock units ("RSUs") and total shareholder return ("TSR") performance-based stock units ("PSUs") to its employees pursuant to the terms of its stock option and incentive plans (See Note 8). Until September 2023, under the provision of the plans, for RSU and PSU awards, unless otherwise elected, employee participants fulfilled their related income tax withholding obligation by having shares withheld at the time of vesting. The shares withheld were then transferred to the Company's treasury stock at cost.
From September 2023 through March 2026, all employee participants fulfilled their related tax withholding obligation by selling vested shares at the time of vesting in non-discretionary transactions pursuant to the Company’s mandatory sell-to-cover policy (sell-to-cover). The proceeds from the employee participants’ sales of vested shares are remitted to the Company to cover the tax withholding payments to tax authorities. No shares are transferred to the Company’s treasury stock in connection with tax withholdings funded by an employee participant’s sale of vested shares to cover taxes.
Beginning April 2026, the Company’s Section 16 officers fulfilled their income tax withholding obligation related to RSU and PSU vesting events by having shares withheld at the time of vesting. The shares withheld are transferred to the Company's treasury stock at cost. All employee participants who are not Section 16 officers continued to fulfill their tax withholding obligation through sell-to-cover.
(c) Stock repurchase program
In March 2025, the Company’s Board of Directors authorized a stock repurchase program. Under the program, the Company may repurchase up to 2.5 million shares of its common stock from time to time through open market purchases, privately negotiated transactions, block purchases or other methods that comply with applicable securities laws, including repurchase plans that satisfy the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of its common stock, and the program may be modified, suspended or discontinued at any time without prior notice. The 1% U.S. federal excise tax on certain repurchases of stock by publicly traded U.S. corporations enacted as part of the Inflation Reduction Act of 2022 applies to repurchases pursuant to the Company’s stock repurchase program. There were no repurchases during the three months ended April 30, 2026 and 2025.
(d) Accumulated other comprehensive loss
Activity in accumulated other comprehensive income (loss) was as follows for the three months ended April 30, 2026 and 2025:
 
Unrealized gain on cash flow hedges
Foreign currency translation adjustment
Accumulated other comprehensive (loss) income
Balance, January 31, 2025
$— $(51)$(51)
Other comprehensive income before reclassifications387 28 415 
Amounts reclassified from accumulated other comprehensive income (loss) 20 — 20 
Net current period other comprehensive income$407 $28 $435 
Balance, April 30, 2025
$407 $(23)$384 
Balance, January 31, 2026
$(133)$(249)$(382)
Other comprehensive loss before reclassifications(8)(108)(116)
Amounts reclassified from accumulated other comprehensive income (loss) (73)— (73)
Net current period other comprehensive loss$(81)$(108)$(189)
Balance, April 30, 2026
$(214)$(357)$(571)
As the Company records a valuation allowance against its U.S. deferred tax assets and substantially all of the Company’s accumulated other comprehensive income originated in the U.S., other comprehensive income did not include income tax expense, and the amounts reclassified from accumulated other comprehensive income (loss) for unrealized gain (loss) on cash flow hedges did not include income tax expense.