Annual report pursuant to Section 13 and 15(d)

Stock Repurchase Program

v3.21.1
Stock Repurchase Program
 12 Months Ended
Jan. 31, 2021
Equity [Abstract]  
Stock Repurchase Program

11.

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

 

 

100

 

Average cost per share

 

$

1.42

 

Value of shares repurchased

 

$

142

 

 

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