Quarterly report pursuant to Section 13 or 15(d)

Stock-based compensation (Tables)

v3.22.1
Stock-based compensation (Tables)
3 Months Ended
Apr. 30, 2022
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, January 31, 2022

2,825,752

$

10.76

9.4

  

Granted

Exercised

 

 

 

 

Forfeited

 

 

 

 

Expired

 

 

 

 

Outstanding, April 30, 2022

 

2,825,752

$

10.76

 

9.2

 

$

Vested and Exercisable, April 30, 2022

 

187,500

$

10.75

 

  

 

$

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

    

Three Months Ended

 

April 30, 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

Weighted- 

Aggregate 

Average Grant

Intrinsic Value

    

Shares

    

Date Fair Value

    

(in thousands)

Unvested balance, January 31, 2022

5,091,852

$

10.26

Granted

4,001,733

8.51

Vested

(166,667)

10.75

Forfeited

 

(263,223)

 

9.39

 

Unvested balance, April 30, 2022

 

8,663,695

$

8.36

$

46,351

Summary of the MBRSU activity

    

    

Weighted- 

    

Aggregate 

Average Grant

Intrinsic Value 

Shares

Date Fair Value

(in thousands)

Unvested balance, January 31, 2022

1,095,978

$

8.43

Granted

 

304,821

7.54

 

Vested

 

 

Forfeited

 

(94,736)

7.33

 

Unvested balance, April 30, 2022

 

1,306,063

$

7.55

$

6,987

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

Predecessor (SLH)

Three Months

Three Months

Ended

Ended

    

April 30, 2022

April 30, 2021

Cost of revenues

$

13

$

Content and software development

 

1,575

 

Selling and marketing

 

1,477

 

General and administrative

 

5,427

 

Total

$

8,492

$