Annual report pursuant to Section 13 and 15(d)

Note 12 - Employee Benefit Plan

v3.24.1.u1
Note 12 - Employee Benefit Plan
12 Months Ended
Jan. 31, 2024
Notes to Financial Statements  
Compensation and Employee Benefit Plans [Text Block]

(12) Employee Benefit Plan

 

The Company has a 401(k) plan covering all US-based employees of the Company who have met certain eligibility requirements. Under the terms of the plan, employees may elect to make tax-deferred contributions to the 401(k) plan. In addition, the Company may make discretionary contributions. Under this plan, contributions of approximately $2.6 million, $2.3 million, $1.6 million, and $0.9 million were made for the fiscal years ended January 31, 2024 (Successor) and 2023 (Successor), the period from June 12, 2021 through January 31, 2022 (Successor), and the period from February 1, 2021 through June 11, 2021 (Predecessor), respectively.

 

In addition, the Company has various retirement and post-employment plans covering certain international employees. Certain of the plans allow the Company to match employee contributions up to a specified percentage as defined by the plans. Under these plans, contributions of approximately $3.5 million, $3.5 million, $2.7 million, and $0.4 million were made for the fiscal years ended January 31, 2024 (Successor) and 2023 (Successor), the period from June 12, 2021 through January 31, 2022 (Successor), and the period from February 1, 2021 through June 11, 2021 (Predecessor), respectively.