Related Party Transactions |
6 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions As of July 31, 2026, the Company had outstanding long-term debt, net of $157.5 million with the Investor Group. The debt is presented as Long-term debt, net on the Condensed Consolidated Balance Sheets. The Investor Group held 84% of the voting power of the Company’s outstanding Class A Common Stock as of July 31, 2026. The Company recognized a nominal amount of interest expense related to the $10.0 million of new term loans held by other members of the Investor Group during the three and six months ended July 31, 2026. The Company recognized $2.7 million and $5.4 million of paid-in-kind interest during the three and six months ended July 31, 2026, respectively. On January 28, 2026, the Company entered into the First Amendment to the New Credit Agreement. The First Amendment removed the minimum liquidity maintenance covenant. On April 1, 2026, the Company entered into the Second Amendment to the New Credit Agreement. The Second Amendment provides the Company with the ability to capitalize interest in lieu of cash payments until May 3, 2027. On September 1, 2026, the Company entered into the Third Amendment to the New Credit Agreement. The Third Amendment provides an additional $10.0 million of new term loans from the Investor Group. See “Note 6 - Long-Term Debt” for additional information.
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