v3.26.1
Leases
3 Months Ended
Apr. 30, 2026
Leases [Abstract]  
Leases

Note 11 – Leases

We enter into lease contracts for certain of our facilities at various locations worldwide. Our leases have remaining lease terms of one to ten years, some of which include options to extend the lease term for periods of up to five years when it is reasonably certain that we will exercise such options.

Balance sheet and other information related to our leases are as follows:

Operating Leases (In thousands)

 

Balance Sheet Classification

 

April 30, 2026

 

 

January 31,
2026

 

Lease Assets

 

Right of Use Assets

 

$

2,307

 

 

$

2,466

 

Lease Liabilities – Current

 

Other Accrued Expenses

 

$

585

 

 

$

584

 

Lease Liabilities – Long Term

 

Lease Liabilities

 

$

1,784

 

 

$

1,953

 

 

Lease cost information is as follows:

 

 

 

Three Months
Ended

 

Operating Leases (In thousands)

 

Statement of Income Classification

 

April 30,
2026

 

 

April 30,
2025

 

Operating Lease Costs

 

General and Administrative Expense

 

$

171

 

 

$

158

 

 

 

 

 

 

 

 

 

 

Maturities of operating lease liabilities are as follows:

 

(In thousands)

 

April 30, 2026

 

Fiscal 2027, remaining

 

$

534

 

Fiscal 2028

 

 

629

 

Fiscal 2029

 

 

445

 

Fiscal 2030

 

 

361

 

Fiscal 2031

 

 

253

 

Thereafter

 

 

570

 

Total Lease Payments

 

 

2,792

 

Less: Imputed Interest

 

 

(423

)

Total Lease Liabilities

 

$

2,369

 

As of April 30, 2026, the weighted-average remaining lease term and weighted-average discount rate for our operating leases are 5.0 years and 6.22%, respectively. We calculated the weighted-average discount rate using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collateralized basis over a similar term.

Supplemental cash flow information related to leases is as follows:

 

Three Months
Ended

 

(In thousands)

 

April 30, 2026

 

 

April 30,
2025

 

Cash paid for operating lease liabilities

 

$

176

 

 

$

144