Quarterly report pursuant to Section 13 or 15(d)

Stock-based compensation (Tables)

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

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

9.7

Exercised

 

 

 

 

Forfeited

 

 

 

 

Expired

 

 

 

 

Outstanding, October 31, 2021

 

2,825,752

$

10.76

 

9.7

 

$

3,872

Vested and Exercisable, October 31, 2021

 

$

 

  

 

$

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

    

From June 12, 2021 

 

to October 31, 2021

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

Weighted- 

Aggregate 

Average Grant

Intrinsic Value

    

Shares

    

Date Fair Value

    

(in thousands)

Unvested balance, June 11, 2021

Granted

4,461,341

$

10.51

Vested

(166,667)

10.75

Forfeited

 

(83,500)

 

10.66

 

Unvested balance, October 31, 2021

 

4,211,174

$

10.49

$

51,082

Summary of the PSU activity

    

    

Weighted- 

    

Aggregate 

Average Grant

Intrinsic Value 

Shares

Date Fair Value

(in thousands)

Unvested balance, June 11, 2021

Granted

 

986,090

$

8.65

 

Vested

 

 

Forfeited

 

(73,000)

8.60

 

Unvested balance, October 31, 2021

 

913,090

$

8.65

$

11,076

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

Three months

June 12, 2021 

ended October 31,

through October 31,

    

2021

2021

Cost of revenues

$

$

Content and software development

 

276

 

530

Selling and marketing

 

621

 

947

General and administrative

 

3,320

 

7,557

Total

$

4,217

$

9,034