Current report filing

Stock-based compensation (Tables)

v3.22.2.2
Stock-based compensation (Tables)
12 Months Ended
Jan. 31, 2022
Stock-based compensation  
Summary of stock option activity

The following table summarizes the stock option activity for the period from June 12, 2021 to January 31, 2022:

Weighted 

Weighted 

Average 

Average 

Remaining 

Aggregate 

Exercise 

Contractual 

Intrinsic Value

    

Shares

    

Price

    

Term (Years)

    

(In thousands)

Outstanding, June 11, 2021

  

  

  

Granted

2,825,752

$

10.76

9.4

Exercised

 

 

 

 

Forfeited

 

 

 

 

Expired

 

 

 

 

Outstanding, January 31, 2022

 

2,825,752

$

10.76

 

9.4

 

$

Vested and Exercisable, January 31, 2022

 

125,000

$

10.75

 

  

 

$

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

The grant date fair value of the stock options was determined using the Black Scholes model with the following assumptions:

    

From June 12, 2021 

 

to January 31, 2022

Risk-free interest rates

1.0

%

Expected dividend yield

 

Volatility factor

30 - 31

%

Expected lives (years)

 

6.1

Weighted average fair value of options granted

$

3.36

Summary of the RSU activity

The following table summarizes the RSU activity for the period from June 12, 2021 to January 31, 2022:

Weighted- 

Aggregate 

Average Grant

Intrinsic Value

    

Shares

    

Date Fair Value

    

(in thousands)

Unvested balance, June 11, 2021

Granted

5,726,354

$

10.29

Vested

(333,334)

10.75

Forfeited

 

(301,168)

 

10.27

 

Unvested balance, January 31, 2022

 

5,091,852

$

10.26

$

37,782

Summary of the MBRSU activity

The following table summarizes the MBRSU activity for the period from June 12, 2021 to January 31, 2022:

    

    

Weighted- 

    

Aggregate 

Average Grant

Intrinsic Value 

Shares

Date Fair Value

(in thousands)

Unvested balance, June 11, 2021

Granted

 

1,241,978

$

8.45

 

Vested

 

 

Forfeited

 

(146,000)

8.60

 

Unvested balance, January 31, 2022

 

1,095,978

$

8.43

$

8,132

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):

Fiscal 2022

Fiscal 2021

Fiscal 2020

Successor

Predecessor (SLH)

Predecessor (SLH)

Predecessor (PL)

Predecessor (PL)

From

From

From

From

June 12, 2021 to

February 1, 2021

August 28, 2020

February 1, 2020

Fiscal year ended

    

January 31, 2022

to June 11, 2021

  

January 31, 2021

  

to August 27, 2020

January 31, 2020

Cost of revenues

$

$

$

$

$

Content and software development

 

895

 

 

 

 

6

Selling and marketing

 

2,043

 

 

 

 

77

General and administrative

 

11,726

 

 

 

 

Total

$

14,664

$

$

$

$

83