The Company holds an equity membership interest in a federal low-income housing tax credit entity. Refer to Note 10, "Income Taxes," in the Notes to the Consolidated Financial Statements on Form 10-K for the fiscal year ended January 31, 2026, for additional information on the tax credit investment.

The Company included in "Other income, net" in the Condensed Consolidated Statements of Income, interest expense related to the accretion of the liability of $684 and $1,052 for the three months ended April 30, 2026 and 2025, respectively. Included in "Income tax expense" in the Condensed Consolidated Statements of Income was amortization of the investment of $3,726 and $4,293 for the three months ended April 30, 2026 and 2025, respectively. Also included in "Income tax expense" in the Condensed Consolidated Statements of Income were income tax credits and other income tax benefits of $5,139 and $5,967 for the three months ended April 30, 2026 and 2025, respectively. The carrying value of the investment is recorded in "Other assets" in the Condensed Consolidated Balance Sheets. The liabilities for the present value of the estimated future capital contributions are recorded in "Accrued expenses, accrued compensation and other current liabilities" and "Other non-current liabilities" in the Condensed Consolidated Balance Sheets. The following table summarizes the balances related to the investment at April 30, 2026, January 31, 2026 and April 30, 2025:


	April 30,		January 31,		April 30,
	2026		2026		2025
Other assets	$	27,854	$	31,580	$	44,491
Accrued expenses, accrued compensation and other current liabilities		14,707		15,164		16,258
Other non-current liabilities		12,156		15,558		26,863