Capital Stock

9 Months Ended

Oct. 31, 2023

Equity [Abstract]

Capital Stock

9. 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 October 31, 2023 and January 31, 2023, respectively.

Ordinary shares

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

	As of
	October 31, 2023		January 31, 2023
Shares reserved for options, restricted stock and    restricted stock units under equity plans		4,783,996		5,822,819
Shares reserved for employee stock purchase plan		2,834,384		2,986,403

Stock repurchase program

On May 26, 2023, the Company’s Board of Directors approved an extension of the Company's existing share repurchase program for an additional twelve months through June 30, 2024. There were no ordinary shares repurchased in the nine months ended October 31, 2023. As of October 31, 2023, there was approximately $49.0 million available for repurchases under the current repurchase program through June 30, 2024. Repurchases 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. The repurchase program is funded using the Company’s working capital and any repurchased shares are recorded as authorized but unissued shares.