Quarterly report pursuant to Section 13 or 15(d)

Stock-based compensation (Tables)

v3.22.2.2
Stock-based compensation (Tables)
6 Months Ended
Jul. 31, 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, July 31, 2022

 

2,825,752

$

10.76

 

8.9

 

$

Vested and Exercisable, July 31, 2022

 

549,500

$

10.75

 

  

 

$

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

    

Six Months Ended

 

July 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

Weighted- 

Aggregate 

Average Grant

Intrinsic Value

    

Shares

    

Date Fair Value

    

(in thousands)

Unvested balance, January 31, 2022

5,091,852

$

10.26

Granted

8,748,204

5.91

Vested

(1,078,727)

8.74

Forfeited

 

(784,667)

 

7.88

 

Unvested balance, July 31, 2022

 

11,976,662

$

7.38

$

45,990

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

 

1,463,385

7.26

 

Vested

 

 

Forfeited

 

(127,628)

7.33

 

Unvested balance, July 31, 2022

 

2,431,735

$

7.79

$

9,338

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):

Quarter to Date Results

Year to Date Results

Fiscal 2023

Fiscal 2022

Fiscal 2023

Fiscal 2022

Successor

Successor

Predecessor (SLH)

Successor

Successor

Predecessor (SLH)

Three Months

From

From

Six Months

From

From

Ended

June 12, 2021 to

May 1, 2021 to

Ended

June 12, 2021 to

February 1, 2021 to

    

July 31, 2022

July 31, 2021

June 11, 2021

July 31, 2022

  

July 31, 2021

June 11, 2021

Cost of revenues

$

37

$

$

$

51

$

$

Content and software development

 

2,849

 

254

 

 

4,424

 

254

 

Selling and marketing

 

1,541

 

326

 

 

3,018

 

326

 

General and administrative

 

5,590

 

4,237

 

 

11,017

 

4,237

 

Total

$

10,017

$

4,817

$

$

18,510

$

4,817

$