Annual report pursuant to Section 13 and 15(d)

Stock Repurchase Program

Stock Repurchase Program
12 Months Ended
Jan. 31, 2021
Equity [Abstract]  
Stock Repurchase Program


Stock Repurchase Program

On June 4, 2019, the Board authorized a share repurchase program of up to $5.0 million of then-outstanding shares of the Company’s common stock, which expired on June 4, 2020. Under the share repurchase program, the Company was authorized to repurchase, from time to time, outstanding shares of common stock in accordance with applicable laws both on the open market, including under trading plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended and in privately negotiated transactions.

The following table provides a summary of the Company’s stock repurchase activities related to this program for the fiscal year ended January 31, 2020 (in thousands, except per share amounts):




For the Fiscal

Year Ended




January 31, 2020


Shares repurchased





Average cost per share





Value of shares repurchased






There were no stock repurchase activities related to this program in fiscal 2021.