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Commitments
9 Months Ended
Oct. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Commitments

 

Note 10

Commitments

 

As a result of the Togast acquisition, we also have a commitment to Samsung C&T America, Inc. (“Samsung”) related to the ultimate sale and valuation of related inventories owned by Samsung.  If the product is sold below Samsung’s cost, we are committed to Samsung for the difference between the sales price and its cost.  At October 31, 2020, the related inventory owned by Samsung had a historical cost of $25.5 million.  As of October 31, 2020, we believe that the fair value of the Samsung inventory is greater than Samsung’s historical cost.