Capital Stock

12 Months Ended

Jan. 31, 2023

Equity [Abstract]

Capital Stock

11. Capital Stock

Preference shares

Since the Company’s initial public offering, or IPO, a total of 20,000,000 preference shares, with a $0.00045 par value per share, were authorized. There were no preference shares issued and outstanding as of January 31, 2023 and 2022, respectively.

Ordinary shares

As of January 31, 2023 and 2022, the following ordinary shares were reserved for future issuance under the Company’s equity plans and employee stock purchase plan:

	As of January 31,
	2023		2022
Shares reserved for options, restricted stock and restricted stock units under equity plans		5,822,819		7,461,541
Shares reserved for employee stock purchase plan		2,986,403		2,624,704

Shares repurchased

There were no shares repurchased in fiscal years 2023 and 2022. On March 16, 2020, the Company repurchased a total of 25,719 of its ordinary shares for approximately $1.0 million in cash under an authorized repurchase program up to $50.0 million. The Company's Board of Directors has approved extensions of the repurchase program through June 30, 2023. As of January 31, 2023, there was approximately $49.0 million available for repurchases through June 30, 2023. Repurchases under the program may be made from time-to-time through open market purchases, 10b5-1 plans or privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate the Company to acquire any particular amount of ordinary shares, and it may be suspended at any time at the company's discretion. Repurchases are funded using working capital and any repurchased shares are recorded as authorized but unissued shares.