Quarterly report pursuant to Section 13 or 15(d)

Stock-based compensation (Tables)

v3.21.2
Stock-based compensation (Tables)
6 Months Ended
Jul. 31, 2021
Stock-based compensation  
Summary of the stock option activity

Weighted 

Weighted 

Average 

Average 

Remaining 

Aggregate 

Exercise 

Contractual 

Intrinsic 

    

Shares

    

Price

    

Term (Years)

    

Value

(In Thousands)

Outstanding, June 11, 2021

  

  

$

  

Granted

2,198,000

$

10.75

4.0

Exercised

 

 

 

 

Forfeited

 

 

 

 

Expired

 

 

 

 

Outstanding, July 31, 2021

 

2,198,000

$

10.75

 

3.9

 

Vested and Exercisable, July 31, 2021

 

$

 

  

 

  

Schedule of assumptions used for stock options using the Black Scholes model

    

From June 12, 2021 

 

to July 31, 2021

Risk-free interest rates

0.98

%

Expected dividend yield

 

Volatility factor

30

%

Expected lives (years)

 

6.1

Weighted average fair value of options granted

$

3.34

Summary of the RSU activity

Weighted- 

Average Grant

Aggregate 

    

Shares

    

Date Fair Value

    

Intrinsic Value

 

(in thousands)

Unvested balance, June 11, 2021

Granted

2,732,408

$

10.75

29,373

Exercised

Forfeited

 

 

 

Expired

 

 

 

Unvested balance, July 31, 2021

 

2,732,408

 

10.75

$

29,373

Summary of the PSU activity

    

    

Weighted- 

    

Average Grant

Aggregate 

Shares

Date Fair Value

Intrinsic Value

 

(in thousands)

Unvested balance, June 11, 2021

Granted

 

732,408

$

8.60

 

6,299

Exercised

 

 

Forfeited

 

 

Expired

 

 

Unvested balance, July 31, 2021

 

732,408

 

8.60

$

6,299

Schedule of classification of stock-based compensation

The following summarizes the classification of stock-based compensation in the condensed consolidated statements of operations (in thousands):

Successor

June 12, 2021 

through July 31,

    

2021

Cost of revenues

$

Content and software development

 

254

Selling and marketing

 

326

General and administrative

 

4,237

Total

$

4,817