Quarterly report pursuant to Section 13 or 15(d)

Stock Repurchase Program

Stock Repurchase Program
9 Months Ended
Oct. 31, 2019
Equity [Abstract]  
Stock Repurchase Program


Stock Repurchase Program


On June 6, 2019, the Board authorized a share repurchase program of up to $5.0 million of then-outstanding shares of the Company over the next year.  Under the share repurchase program, the Company is 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 for the nine months ended October 31, 2019 (in thousands, except per share amounts):




For the Nine

Months Ended




October 31, 2019


Shares repurchased





Average cost per share





Value of shares repurchased