Leases (Tables)

9 Months Ended

Oct. 31, 2025

Leases [Abstract]

Quantitative Information of Leases

The quantitative information regarding our leases is as follows:

	Three Months Ended				Nine Months Ended
	10/31/2025		10/31/2024		10/31/2025			10/31/2024
	(In thousands, except lease term and discount rate)
Operating lease cost	$	2,340	$	2,341	$	7,057		$	5,183
Short-term lease cost	135		172		365			406
Sublease income	(10)		(10)		(30)			(30)
Variable lease cost	705		4		1,087			622
Total lease cost	$	3,170	$	2,507	$	8,479		$	6,181
Other operating leases information:
Cash paid for amounts included in the measurement of lease liabilities					$	2,943		$	4,881
Right-of-use assets obtained in exchange for new lease liabilities					$	372		$	34,309
Weighted-average remaining lease term (years)					4.8			5.7
Weighted-average discount rate					9.84		%	9.80		%

Schedule of Minimum Future Lease Payments

Minimum future lease payments for operating leases in effect as of October 31, 2025, are as follows:

	Operating Leases
For the year ending January 31,	(In thousands)
Remaining of 2026	$	2,448
2027	9,728
2028	9,464
2029	9,616
2030	9,945
Thereafter	6,832
Remaining balance of lease payments	48,033
Short-term lease liabilities	6,389
Long-term lease liabilities (a)	31,467
Total lease liabilities	37,856
Difference between undiscounted cash flows and discounted cash flows	$	10,177

(a) On July 23, 2024, the Company entered into a new lease agreement (the “Lease”) with Starboard Distribution Center, LLC which extends the Company’s tenancy at its 560,000 sq. ft. office, manufacturing and warehouse facility in Torrance, California. The Lease extends the tenancy for 65 months, covering the period from May 1, 2025 through September 30, 2030. Under the Lease, the monthly base rent will be abated for the initial 5-month period from May 1, 2025 to September 30, 2025, then is set at $726,700 for October 1, 2025 through April 30, 2026, with subsequent increases of 3.5% every 12 months thereafter. The Lease also provides for a tenant improvement allowance of up to $1.7 million to be used by December 31, 2026. The Landlord has the right to terminate the Lease upon customary events of default. In connection with this lease agreement, in the second quarter ended July 31, 2024, the Company recorded approximately $33.0 million (the present value of the future lease commitments) as an operating lease liability, and a corresponding ROU asset.