v3.26.1
Leases (Tables)
 3 Months Ended
Apr. 30, 2026
Leases [Abstract]  
Quantitative Information of Leases
The quantitative information regarding our leases is as follows:

Three Months Ended
4/30/20264/30/2025
(In thousands, except lease term and discount rate)
Operating lease cost$2,312 $2,358 
Short-term lease cost118 118 
Sublease income(10)(10)
Variable lease cost397 273 
Total lease cost$2,817 $2,739 
Other operating lease information:
Cash paid for amounts included in the measurement of lease liabilities$2,432 $1,638 
Right-of-use assets obtained in exchange for new lease liabilities $— $237 
Weighted-average remaining lease term (years)4.35.2
Weighted-average discount rate9.84 %9.82 %
Schedule of Minimum Future Lease Payments
Minimum future lease payments for operating leases in effect as of April 30, 2026, are as follows:
Operating Leases
For the year ending January 31, (In thousands)
Remainder of 2027$7,346 
20289,513 
20299,656 
20309,979 
20316,863 
Thereafter— 
Remaining balance of lease payments43,357 
Short-term lease liabilities6,557 
Long-term lease liabilities28,392 
Total lease liabilities34,949 
Difference between undiscounted cash flows and discounted cash flows$8,408 
On July 23, 2024, the Company entered into a new lease agreement (the “Lease”) with Starboard Distribution Center, LLC which extended the Company’s tenancy at its 560,000 sq. ft. office, manufacturing and warehouse facility in Torrance, California. The Lease extended the tenancy for 65 months, covering the period from May 1, 2025 through September 30, 2030. Under the Lease, the monthly base rent was abated for the initial 5-month period from May 1, 2025 to September 30, 2025, then was set at $726,700 for October 1, 2025 through April 30, 2026, with subsequent increases of 3.5% every 12 months thereafter. The Lease also provides for a tenant improvement allowance of up to $1.7 million to be used by December 31, 2026. As of April 30, 2026, the Company has not drawn on the tenant improvement allowance. The Landlord has the right to terminate the Lease upon customary events of default.