INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2025

INCOME TAXES

Schedule of components of the amounts of income tax expense

	2025		2024		2023
Current:
Federal	$	18,033	$	10,870	$	12,776
State		5,056		1,835		1,012
Foreign		791		2,537		740
		23,880		15,242		14,528
Deferred:
Federal		1,015		(923)		(803)
State		367		301		23
Foreign		483		1,955		(2,452)
		1,865		1,333		(3,232)
Income tax expense	$	25,745	$	16,575	$	11,296

Schedule of income tax expense amounts

	2025		2024		2023
Computed expected income tax expense	$	23,353	$	10,276	$	9,660
Difference resulting from:
State income taxes, net of federal tax effect		4,284		1,688		860
Unrecognized tax loss benefit		1,120		3,858		—
Executive compensation limitation		1,450		1,040		1,397
Adjustment to valuation for foreign NOLs		1,404		2,083		(2,574)
Meals and entertainment expense		860		626		83
Foreign tax rate differential		(793)		(2,294)		(441)
Net benefit related to Solar Tax Credit investments		(1,763)		(646)		—
Stock-based compensation windfall		(3,070)		—		—
Research and development tax credits adjustment		—		—		6,181
Recognition of research and development tax credit benefits		—		—		(3,430)
Other permanent differences and adjustments, net		(1,100)		(56)		(440)
Income tax expense	$	25,745	$	16,575	$	11,296

Schedule of uncertain income tax

	2025		2024		2023
Unrecognized income tax benefits, beginning of fiscal year	$	2,553	$	2,882	$	4,937
Increases related to prior period income tax positions		—		78		—
Increases related to current period income tax positions		—		—		2,359
Expirations of statutes of limitations		—		(407)		—
Settlements		—		—		(4,414)
Unrecognized income tax benefits, end of fiscal year	$	2,553	$	2,553	$	2,882

Schedule of effects of temporary differences that are reflected in deferred taxes

	2025		2024
Assets:
Net operating loss carryforwards	$	19,635	$	19,772
Research and development costs deferral		2,785		1,622
Stock awards		1,546		2,726
Lease liabilities		1,437		1,383
Accrued expenses		1,152		1,955
Other		139		148
		26,694		27,606
Liabilities:
Intangibles		(3,882)		(3,819)
Right-of-use assets		(1,433)		(1,378)
Property and equipment		(1,336)		(893)
Construction contracts		(914)		(839)
Other		(385)		(619)
		(7,950)		(7,548)
Valuation allowances		(18,192)		(17,799)
Deferred tax assets, net	$	552	$	2,259