Skillsoft (SKIL) 10-Q10 Dec 242024 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Oct. 31, 2024	Dec. 05, 2024
Document Information [Line Items]
Entity Central Index Key	0001774675
Entity Registrant Name	Skillsoft Corp.
Amendment Flag	false
Current Fiscal Year End Date	--01-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2024
Document Transition Report	false
Entity File Number	001-38960
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-4388331
Entity Address, Address Line One	300 Innovative Way, Suite 2210
Entity Address, City or Town	Nashua
Entity Address, State or Province	NH
Entity Address, Postal Zip Code	03062
City Area Code	603
Local Phone Number	821-3902
Title of 12(b) Security	Class A Common Stock, par value $0.0001 per share
Trading Symbol	SKIL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,283,555

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Current assets:
Cash and cash equivalents	$ 97,921	$ 136,308
Restricted cash	3,881	10,215
Accounts receivable, net of allowance for credit losses of approximately $558 and $562 as of October 31, 2024 and January 31, 2024, respectively	102,498	185,638
Prepaid expenses and other current assets	55,834	53,170
Total current assets	260,134	385,331
Property and equipment, net	3,543	6,639
Goodwill	317,071	317,071
Intangible assets, net	456,692	539,293
Right of use assets	5,054	8,044
Other assets	11,037	17,256
Total assets	1,053,531	1,273,634
Current liabilities:
Current maturities of long-term debt	6,404	6,404
Borrowings under accounts receivable facility	10,009	44,980
Accounts payable	21,159	14,512
Accrued compensation	28,325	31,774
Accrued expenses and other current liabilities	22,370	29,939
Lease liabilities	2,088	3,049
Deferred revenue	203,646	282,570
Total current liabilities	294,001	413,228
Long-term debt	574,312	577,487
Deferred tax liabilities	44,099	52,148
Long-term lease liabilities	6,839	9,251
Deferred revenue - non-current	1,823	2,402
Other long-term liabilities	11,977	13,531
Total long-term liabilities	639,050	654,819
Commitments and contingencies
Shareholders’ equity:
Shareholders’ common stock - Class A common shares, $0.0001 par value: 18,750,000 shares authorized and 8,576,683 shares issued and 8,276,906 shares outstanding at October 31, 2024, and 8,380,436 shares issued and 8,080,659 shares outstanding at January 31, 2024	1	1
Additional paid-in capital	1,559,547	1,551,005
Accumulated equity (deficit)	(1,412,279)	(1,321,478)
Treasury stock, at cost - 299,777 shares as of October 31, 2024 and January 31, 2024	(10,891)	(10,891)
Accumulated other comprehensive income (loss)	(15,898)	(13,050)
Total shareholders’ equity	120,480	205,587
Total liabilities and shareholders’ equity	$ 1,053,531	$ 1,273,634

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Allowance for credit loss	$ 558	$ 562
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	18,750,000	18,750,000
Common stock, issued (in shares)	8,576,683	8,380,436
Common stock, outstanding (in shares)	8,276,906	8,080,659
Treasury stock (in shares)	299,777	299,777

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Revenues:
Total revenues	$ 137,225	$ 138,956	$ 397,241	$ 415,697
Operating expenses:
Costs of revenues	34,312	36,407	101,254	114,698
Content and software development	14,937	16,126	45,436	51,024
Selling and marketing	39,615	43,983	122,591	130,321
General and administrative	21,686	22,308	66,390	72,689
Amortization of intangible assets	31,826	38,620	95,197	116,086
Acquisition and integration related costs	931	510	3,349	2,838
Restructuring	3,095	873	15,361	8,592
Total operating expenses	146,402	158,827	449,578	496,248
Operating income (loss)	(9,177)	(19,871)	(52,337)	(80,551)
Other income (expense), net	(538)	19	1,261	(1,290)
Fair value adjustment of warrants	0	1,105	0	4,750
Fair value adjustment of interest rate swaps	(822)	3,981	418	11,186
Interest income	924	1,060	2,897	2,576
Interest expense	(15,845)	(16,492)	(48,538)	(48,683)
Income (loss) before provision for (benefit from) income taxes	(25,458)	(30,198)	(96,299)	(112,012)
Provision for (benefit from) income taxes	(1,859)	(2,462)	(5,498)	(8,735)
Income (loss) from continuing operations	(23,599)	(27,736)	(90,801)	(103,277)
Gain (loss) on sale of business	0	0	0	(682)
Net income (loss)	$ (23,599)	$ (27,736)	$ (90,801)	$ (103,959)
Net income (loss) per share:
Basic and diluted - continuing operations (in dollars per share)	$ (2.86)	$ (3.45)	$ (11.11)	$ (12.84)
Basic and diluted - discontinued operations (in dollars per share)	0	0	0	(0.08)
Basic and diluted (in dollars per share)	$ (2.86)	$ (3.45)	$ (11.11)	$ (12.92)
Weighted average common shares outstanding:
Basic and diluted (in shares)	8,239,564	8,047,497	8,170,344	8,043,712

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Comprehensive income (loss):
Net income (loss)	$ (23,599)	$ (27,736)	$ (90,801)	$ (103,959)
Foreign currency adjustment, net of tax	(25)	(2,650)	(2,848)	(1,279)
Total comprehensive income (loss)	$ (23,624)	$ (30,386)	$ (93,649)	$ (105,238)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Shareholders' Equity (Deficit) - USD ($) $ in Thousands	Software Luxembourg Holding and Point Well (Predecessor) [Member] Common Stock Outstanding [Member]	Software Luxembourg Holding and Point Well (Predecessor) [Member] Treasury Stock, Common [Member]	Software Luxembourg Holding and Point Well (Predecessor) [Member] Additional Paid-in Capital [Member]	Software Luxembourg Holding and Point Well (Predecessor) [Member] Retained Earnings [Member]	Software Luxembourg Holding and Point Well (Predecessor) [Member] AOCI Attributable to Parent [Member]	Software Luxembourg Holding and Point Well (Predecessor) [Member]	Common Stock Outstanding [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Jan. 31, 2023							8,264,308	(81,514)
Balance at Jan. 31, 2023							$ 1	$ (2,845)	$ 1,521,587	$ (972,193)	$ (14,794)	$ 531,756
Stock-based compensation							$ 0	$ 0	9,128	0	0	9,128
Common stock issued (in shares)							22,538	0
Common stock issued							$ 0	$ 0	0	0	0	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards (in shares)							(8,131)
Shares repurchased for tax withholding upon vesting of restricted stock-based awards							$ 0	$ 0	(289)	0	0	(289)
Repurchase of common stock (in shares)							0	(218,263)
Repurchase of common stock							$ 0	$ (8,046)	0	0	0	(8,046)
Foreign currency adjustment, net of tax							0	0	0	0	875	875
Net income (loss)							$ 0	$ 0	0	(44,224)	0	(44,224)
Balance (in shares) at Apr. 30, 2023							8,278,715	(299,777)
Balance at Apr. 30, 2023							$ 1	$ (10,891)	1,530,426	(1,016,417)	(13,919)	489,200
Repurchase of common stock							$ 0	$ 8,046	0	0	0	8,046
Balance (in shares) at Jan. 31, 2023							8,264,308	(81,514)
Balance at Jan. 31, 2023							$ 1	$ (2,845)	1,521,587	(972,193)	(14,794)	531,756
Foreign currency adjustment, net of tax												(1,279)
Net income (loss)												(103,959)
Balance (in shares) at Oct. 31, 2023							8,362,774	(299,777)
Balance at Oct. 31, 2023							$ 1	$ (10,891)	1,543,063	(1,076,152)	(16,073)	439,948
Balance (in shares) at Apr. 30, 2023							8,278,715	(299,777)
Balance at Apr. 30, 2023							$ 1	$ (10,891)	1,530,426	(1,016,417)	(13,919)	489,200
Stock-based compensation							$ 0	$ 0	5,827	0	0	5,827
Common stock issued (in shares)							67,693	0
Common stock issued							$ 0	$ 0	0	0	0	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards (in shares)							(23,241)	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards							$ 0	$ 0	(592)	0	0	(592)
Foreign currency adjustment, net of tax							0	0	0	0	496	496
Net income (loss)							$ 0	$ 0	0	(31,999)	0	(31,999)
Balance (in shares) at Jul. 31, 2023							8,323,167	(299,777)
Balance at Jul. 31, 2023							$ 1	$ (10,891)	1,535,661	(1,048,416)	(13,423)	462,932
Stock-based compensation							$ 0	$ 0	7,962	0	0	7,962
Common stock issued (in shares)							60,878	0
Common stock issued							$ 0	$ 0	0	0	0	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards (in shares)							(21,271)	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards							$ 0	$ 0	(560)	0	0	(560)
Repurchase of common stock (in shares)							0	0
Repurchase of common stock							$ 0	$ 0	0	0	0	0
Foreign currency adjustment, net of tax							0	0	0	0	(2,650)	(2,650)
Net income (loss)							$ 0	$ 0	0	(27,736)	0	(27,736)
Balance (in shares) at Oct. 31, 2023							8,362,774	(299,777)
Balance at Oct. 31, 2023							$ 1	$ (10,891)	1,543,063	(1,076,152)	(16,073)	439,948
Repurchase of common stock							$ 0	$ 0	0	0	0	0
Balance (in shares) at Jan. 31, 2024							8,380,436	(299,777)
Balance at Jan. 31, 2024							$ 1	$ (10,891)	1,551,005	(1,321,478)	(13,050)	205,587
Stock-based compensation							$ 0	$ 0	7,153	0	0	7,153
Common stock issued (in shares)							20,596	0
Common stock issued							$ 0	$ 0	0	0	0	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards (in shares)							(6,934)	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards							$ 0	$ 0	(82)	0	0	(82)
Foreign currency adjustment, net of tax							0	0	0	0	(2,887)	(2,887)
Net income (loss)							$ 0	$ 0	0	(27,636)	0	(27,636)
Balance (in shares) at Apr. 30, 2024	8,394,098	(299,777)
Balance at Apr. 30, 2024	$ 1	$ (10,891)	$ 1,558,076	$ (1,349,114)	$ (15,937)	$ 182,135
Balance (in shares) at Jan. 31, 2024							8,380,436	(299,777)
Balance at Jan. 31, 2024							$ 1	$ (10,891)	1,551,005	(1,321,478)	(13,050)	205,587
Foreign currency adjustment, net of tax												(2,848)
Net income (loss)												(90,801)
Balance (in shares) at Oct. 31, 2024							8,576,683	(299,777)
Balance at Oct. 31, 2024							$ 1	$ (10,891)	1,559,547	(1,412,279)	(15,898)	120,480
Balance (in shares) at Apr. 30, 2024	8,394,098	(299,777)
Balance at Apr. 30, 2024	$ 1	$ (10,891)	$ 1,558,076	$ (1,349,114)	$ (15,937)	$ 182,135
Stock-based compensation							$ 0	$ 0	(814)	0	0	(814)
Common stock issued (in shares)							158,368	0
Common stock issued							$ 0	$ 0	0	0	0	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards (in shares)							(47,637)	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards							$ 0	$ 0	(397)	0	0	(397)
Foreign currency adjustment, net of tax							0	0	0	0	64	64
Net income (loss)							$ 0	$ 0		(39,566)	0	(39,566)
Balance (in shares) at Jul. 31, 2024							8,504,829	(299,777)
Balance at Jul. 31, 2024							$ 1	$ (10,891)	1,556,865	(1,388,680)	(15,873)	141,422
Stock-based compensation							$ 0	$ 0	3,255	0	0	3,255
Common stock issued (in shares)							112,496	0
Common stock issued							$ 0	$ 0	0	0	0	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards (in shares)							(40,642)	0
Shares repurchased for tax withholding upon vesting of restricted stock-based awards							$ 0	$ 0	(573)	0	0	(573)
Repurchase of common stock							0	0	0	0	0	0
Foreign currency adjustment, net of tax							0	0	0	0	(25)	(25)
Net income (loss)							$ 0	$ 0	0	(23,599)	0	(23,599)
Balance (in shares) at Oct. 31, 2024							8,576,683	(299,777)
Balance at Oct. 31, 2024							$ 1	$ (10,891)	1,559,547	(1,412,279)	(15,898)	120,480
Repurchase of common stock							$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ (90,801)	$ (103,959)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Amortization of intangible assets	95,197	116,086
Stock-based compensation	9,985	22,917
Depreciation	2,404	2,629
Non-cash interest expense	1,628	1,546
Non-cash property, equipment, software and lease impairment charges	2,495	4,265
Provision for credit loss expense (recovery)	(4)	205
(Gain) loss on sale of business	0	682
Provision for (benefit from) deferred income taxes – non-cash	(8,080)	(10,270)
Fair value adjustment of warrants	0	(4,750)
Fair value adjustment of interest rate swaps	(418)	(11,186)
Change in assets and liabilities:
Accounts receivable	82,877	70,645
Prepaid expenses and other assets, including long-term	4,258	2,726
Right-of-use assets	1,632	2,184
Accounts payable	6,693	(3,283)
Accrued expenses and other liabilities, including long-term	(12,819)	(20,820)
Lease liabilities	(3,387)	(3,048)
Deferred revenues	(79,446)	(75,250)
Net cash provided by (used in) operating activities	12,214	(8,681)
Cash flows from investing activities:
Purchase of property and equipment	(820)	(3,753)
Proceeds from sale of property and equipment	10	0
Internally developed software - capitalized costs	(13,018)	(8,055)
Sale of SumTotal, net of cash transferred	0	(5,137)
Net cash provided by (used in) investing activities	(13,828)	(16,945)
Cash flows from financing activities:
Shares repurchased for tax withholding upon vesting of restricted stock-based awards	(1,052)	(1,441)
Payments to acquire treasury stock	0	(8,046)
Proceeds from (payments on) accounts receivable facility	(34,971)	793
Net cash provided by (used in) financing activities	(40,826)	(13,497)
Effect of exchange rate changes on cash and cash equivalents	(2,281)	(1,674)
Net increase (decrease) in cash, cash equivalents and restricted cash	(44,721)	(40,797)
Cash, cash equivalents and restricted cash, beginning of period	146,523	177,556
Cash, cash equivalents and restricted cash, end of period	101,802	136,759
Supplemental disclosure of cash flow information:
Cash and cash equivalents	97,921	129,806
Restricted cash	3,881	6,953
Cash, cash equivalents and restricted cash, end of period	101,802	136,759
Cash paid for interest	48,362	50,583
Cash paid (received) for income taxes, net of refunds	2,399	6,262
Term Loan Facility [Member]
Cash flows from financing activities:
Principal payments on term loans	$ (4,803)	$ (4,803)

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	9 Months Ended
Note 1 - Description of Business and Basis of Presentation	Oct. 31, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	( 1 Description of Business and Basis of Presentation Description of Business Skillsoft Corp. (together with its consolidated subsidiaries, “Skillsoft”, “we”, “us”, “our” and the “Company”) has been listed on the New York Stock Exchange under the ticker symbol “SKIL” since June 14, 2021. With more than 150,000 References in the accompanying footnotes to the Company’s fiscal year refer to the fiscal year ended January 31 2024 January 31, 2024 SumTotal Refer to Note 4 2024 10 2022 Principles of Consolidation and Basis of Financial Statement Preparation The accompanying condensed consolidated financial statements include the accounts of Skillsoft Corp. and its wholly owned subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation. These financial statements are unaudited. However, in the opinion of management, the condensed consolidated financial statements reflect all normal and recurring adjustments necessary for their fair statement. Interim results are not 10 10 X 2024 10 Certain amounts reported in prior years have been reclassified to conform to the presentation in the current year. These reclassifications had no The Company is an “emerging growth company,” as defined in Section 2 2012 may not not not January 31, 2025. 10 2025, 404 Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from our estimates.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
Note 2 - Summary of Significant Accounting Policies	Oct. 31, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	( 2 Summary of Significant Accounting Policies The Company’s significant accounting policies are discussed in Note 2—Summary 2024 10 Recently Issued Accounting Guidance In December 2023, 2023 07, Improvements to Reportable Segment Disclosures, 10 January 31, 2025. In December 2023, 2023 09, Improvements to Income Tax Disclosures, February 1, 2025. In November 2024, 2024 03, Disaggregation of Income Statement Expenses January 31, 2027.

Note 3 - Intangible Assets

Note 3 - Intangible Assets	9 Months Ended
Note 3 - Intangible Assets	Oct. 31, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	( 3 Intangible Assets Intangible assets consisted of the following (dollars in thousands and weighted average remaining life in years): October 31, 2024 January 31, 2024 Weighted Average Remaining Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed software/courseware 2.0 $ 363,319 $ 222,305 $ 141,014 2.7 $ 355,247 $ 172,578 $ 182,669 Customer contracts/relationships 8.9 268,658 87,686 180,972 9.5 269,300 59,091 210,209 Trademarks and trade names 11.7 52,732 9,206 43,526 12.4 52,863 6,184 46,679 Publishing rights 1.6 41,100 27,834 13,266 2.4 41,100 21,668 19,432 Backlog 1.2 49,700 48,331 1,369 1.9 49,700 45,941 3,759 Skillsoft trademark Indefinite 76,545 — 76,545 Indefinite 76,545 — 76,545 Total intangible assets $ 852,054 $ 395,362 $ 456,692 $ 844,755 $ 305,462 $ 539,293 Amortization expense related to the existing finite-lived intangible assets is expected to be as follows (in thousands) for the fiscal years ending January 31: Amortization Expense 2025 (three months remaining) $ 31,952 2026 124,611 2027 79,084 2028 38,378 2029 28,308 Thereafter 77,814 Total future amortization $ 380,147 Amortization expense related to intangible assets in the aggregate was $31.8 million, $95.2 million, $38.6 million and $116.1 million for the three nine October 31, 2024 three nine October 31, 2023 A roll forward of goodwill is as follows (in thousands): Talent Development Solutions Global Knowledge Consolidated Goodwill January 31, 2024 $ 287,650 $ 29,421 $ 317,071 Increase (decrease) — — — Goodwill October 31, 2024 $ 287,650 $ 29,421 $ 317,071 Accumulated impairment, October 31, 2024 $ 698,405 $ 84,694 $ 783,099

Note 4 - Taxes

Note 4 - Taxes	9 Months Ended
Note 4 - Taxes	Oct. 31, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 4 Taxes For the three nine October 31, 2024 three nine October 31, 2023

Note 5 - Restructuring

Note 5 - Restructuring	9 Months Ended
Note 5 - Restructuring	Oct. 31, 2024
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	( 5 Restructuring During the three nine October 31, 2024 October 31, 2023 , the Company’s management approved and initiated plans to reduce its cost structure and better align operating expenses with existing economic conditions and the Company’s operating model. These strategic initiatives included the comprehensive resource reallocation plan the Company announced on July 11, 2024. The following is a summary of restructuring charges by segment for the three nine October 31, 2024 October 31, 2023 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Talent Development Solutions $ 1,645 $ 123 $ 11,659 $ 5,563 Global Knowledge 1,450 750 3,702 3,029 Total $ 3,095 $ 873 $ 15,361 $ 8,592 These restructuring charges are presented separately in the accompanying condensed consolidated statements of operations. The restructuring charges for the nine October 31, 2024 October 31, 2023 severance costs of terminated employees and lease termination and lease impairment charges . October 31, 2024 January 31, 2024 $3.7 mi 2025 July 2024

Note 6 - Leases, Commitments an

Note 6 - Leases, Commitments and Contingencies	9 Months Ended
Note 6 - Leases, Commitments and Contingencies	Oct. 31, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	( 6 Commitments and Contingencies Litigation On November 21, 2023, Norcross v. Prosus N.V., et al. may In addition, the Company is, from time to time, party to general legal proceedings and claims, which arise in the ordinary course of business including those relating to commercial and contractual disputes, employment matters, intellectual property, and other business matters. When appropriate, management consults with legal counsel and other appropriate experts to assess claims. If, in management’s opinion, we have incurred a probable loss as determined in accordance with GAAP, an estimate is made of the loss and the appropriate accrual is reflected in our condensed consolidated financial statements. Currently, there are no not not Guarantees The Company’s software license arrangements and hosting services are typically warranted to perform in a manner consistent with general industry standards that are reasonably applicable and substantially in accordance with the Company’s product documentation under normal use and circumstances. The Company’s arrangements also include certain provisions for indemnifying customers against liabilities if its products or services infringe a third To date, the Company has not not

Note 7 - Long-term Debt

Note 7 - Long-term Debt	9 Months Ended
Note 7 - Long-term Debt	Oct. 31, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	( 7 Long-Term Debt Debt consisted of the following (in thousands): October 31, 2024 January 31, 2024 Term Loan - current portion $ 6,404 $ 6,404 Current maturities of long-term debt $ 6,404 $ 6,404 Term Loan - long-term portion $ 583,394 $ 588,197 Original issue discount - long-term portion (5,886 ) (6,942 ) Deferred financing costs - long-term portion (3,196 ) (3,768 ) Long-term debt $ 574,312 $ 577,487 The Company’s debt outstanding as of October 31, 2024 Future principal payments due for fiscal years ending January 31: 2025 (three months remaining) $ 1,601 2026 4,803 2027 6,404 2028 8,005 2029 568,985 Thereafter — Total payments 589,798 Current portion (6,404 ) Unamortized original issue discount and issuance costs (9,082 ) Long-term portion $ 574,312 Refer to Note 14 2024 10 We also have access to up to $75.0 million of borrowings under our accounts receivable facility. In November 2024, November 26, 2029 90 5% not not million on October 31, 2024 and is classified as restricted cash on the condensed consolidated balance sheet. The interest rate on borrowings outstanding under the accounts receivable facility was on October 31, 2024 . As of October 31, 2024 , million was drawn under the accounts receivable facility and is classified as a current liability on the balance sheet.

Note 8 - Shareholders' Equity

Note 8 - Shareholders' Equity	9 Months Ended
Note 8 - Shareholders' Equity	Oct. 31, 2024
Notes to Financial Statements
Equity [Text Block]	( 8 Shareholders Equity Common Stock As of October 31, 2024 October 31, 2024 not Subject to applicable law, the Company may not Warrants Refer to Note 16 2024 10 Share Repurchase Authorization On July 10, 2024, July 11, 2028 not may October 31, 2024 Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) associated with foreign currency translation adjustments consisted of the following (in thousands): Three Months Ended October 31, 2024 2023 Before Tax Income Tax Net Before Tax Income Tax Net Balance as of beginning-of-period $ (15,873 ) $ — $ (15,873 ) $ (13,423 ) $ — $ (13,423 ) Translation adjustment (25 ) — (25 ) (2,650 ) — (2,650 ) Balance as of end-of-period $ (15,898 ) $ — $ (15,898 ) $ (16,073 ) $ — $ (16,073 ) Nine Months Ended October 31, 2024 2023 Before Tax Income Tax Net Before Tax Income Tax Net Balance as of beginning-of-period $ (13,050 ) $ — $ (13,050 ) $ (14,794 ) $ — $ (14,794 ) Translation adjustment (2,848 ) — (2,848 ) (1,279 ) — (1,279 ) Balance as of end-of-period $ (15,898 ) $ — $ (15,898 ) $ (16,073 ) $ — $ (16,073 )

Note 9 - Stock-based Compensati

Note 9 - Stock-based Compensation	9 Months Ended
Note 9 - Stock-based Compensation	Oct. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	( 9 Stock-Based Compensation Equity Incentive Plans In June 2021, 2020 “2020 2020 2020 2020 January 1 January 1, 2022, December 31 may January 1 no January 1 2020 October 31, 2024 2020 In May 2024, 2024 303A.08 October 31, 2024 Stock Options Under the 2020 four ten not twelve The following summarizes the stock option activity for the nine October 31, 2024 Weighted - Weighted - Average Average Remaining Aggregate Exercise Contractual Intrinsic Value Shares Price Term (Years) (in thousands) Outstanding, January 31, 2024 88,850 $ 215.00 7.4 $ — Granted — — — — Exercised — — — — Forfeited (17,649 ) 215.00 — — Expired (40,451 ) 215.00 — — Outstanding, October 31, 2024 30,750 215.00 6.6 — Vested and exercisable, October 31, 2024 24,986 215.00 6.6 — The total unrecognized equity-based compensation costs related to the stock options was $0.3 million based on the $67.23 weighted average grant date fair value of the options, which is expected to be recognized over a weighted-average period of 0.6 years. Time-Based Restricted Stock Units Restricted stock units (“RSUs”) represent a right to receive one share of the Company’s common stock that is both non-transferable and forfeitable unless and until certain conditions are satisfied. Other than RSUs granted to our non-employee directors, which vest upon the earlier of the anniversary of the grant date and the Company’s next annual meeting of stockholders, RSUs generally vest ratably over a three four The following summarizes the time-based RSU activity for the nine October 31, 2024 Weighted - Aggregate Average Grant Intrinsic Value Shares Date Fair Value (in thousands) Unvested balance, January 31, 2024 735,998 $ 64.77 $ 10,319 Granted 1,094,736 15.07 — Vested (291,460 ) 66.13 — Forfeited (158,901 ) 63.43 — Unvested balance, October 31, 2024 1,380,373 25.22 21,078 The total unrecognized stock-based compensation costs related to time-based RSUs was $29.2 million, which is expected to be recognized over a weighted-average period of 2.8 years. Market-Based Restricted Stock Units Market-based restricted stock units (“MBRSUs”) vest over a three four The following summarizes the MBRSUs activity for the nine October 31, 2024 Weighted - Aggregate Average Grant Intrinsic Value Shares Date Fair Value (in thousands) Unvested balance, January 31, 2024 182,742 $ 72.60 $ 2,562 Granted 10,000 12.94 — Vested — — — Forfeited (84,919 ) 78.79 — Unvested balance, October 31, 2024 107,823 62.19 1,646 The total unrecognized stock-based compensation costs related to MBRSUs was $1.0 million, which is expected to be recognized over a weighted-average period of 1.0 years. Performance-Based Restricted Stock Units Performance-based restricted stock units (“PBRSUs”) vest over a two one The following summarizes the PBRSUs activity for the nine October 31, 2024 Weighted - Aggregate Average Grant Intrinsic Value Shares Date Fair Value (in thousands) Unvested balance, January 31, 2024 — $ — $ — Granted (1) 10,000 11.25 — Vested — — — Forfeited — — — Unvested balance, October 31, 2024 10,000 11.25 153 ( 1 The total unrecognized stock-based compensation costs related to PBRSUs was $0.1 million, which is expected to be recognized over a weighted-average period of 0.5 years. Liability-Classified Market-Based Awards In the third 2025, two four The following summarizes the liability-classified performance award balances as of October 31, 2024 Estimated liability $ 391 Estimated unrecognized compensation cost (1) 3,475 ( 1 Stock-Based Compensation Expense The following summarizes the classification of stock-based compensation expense in the condensed consolidated statements of operations (in thousands): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 149 $ 128 $ 447 $ 463 Content and software development 1,268 1,569 3,472 5,325 Selling and marketing 898 1,421 2,951 2,436 General and administrative (1) 1,331 4,845 3,115 14,693 Total $ 3,646 $ 7,963 $ 9,985 $ 22,917 ( 1 nine October 31, 2024 May 9, 2024.

Note 10 - Revenue

Note 10 - Revenue	9 Months Ended
Note 10 - Revenue	Oct. 31, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	( 10 Revenue Revenue Components and Performance Obligations SaaS Subscription Services The Company offers subscriptions that provide customers access to a broad-based spectrum of learning options including access to cloud-based Software as a Service (“SaaS”) learning content and individualized coaching. The Company’s cloud-based subscription solutions normally do not one three Virtual, On-Demand and Classroom The Company’s virtual, on-demand and classroom training provides customers with technical training. Revenue is recognized in the period in which the services are performed. Billing is in advance of the services being provided or immediately after the services have been provided. Professional Services The Company also sells professional services related to its cloud solutions which are typically considered distinct performance obligations and are recognized over time as services are performed. For fixed-price contracts, revenue is recognized based on the actual service provided to the end of the reporting period as a proportion of the total services to be provided (proportional performance method). These services usually consist of implementation, integration, and general consulting. Mostly, the Company’s professional service engagements are short in duration. Billing is commonly in advance of the services being provided. Disaggregated Revenue and Geography Information The following is a summary of revenues by type for the three nine October 31, 2024 October 31, 2023 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 SaaS subscription services $ 97,123 $ 96,085 $ 285,927 $ 287,936 Virtual, on-demand and classroom 34,227 37,824 94,516 112,804 Professional services 5,875 5,047 16,798 14,957 Total net revenues $ 137,225 $ 138,956 $ 397,241 $ 415,697 Generally, SaaS subscription services revenues are recognized over the service period, while virtual, on demand, classroom and professional services revenues are recognized at the point they are delivered. The following sets forth our revenues by geographic region for the three nine October 31, 2024 October 31, 2023 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenue: United States $ 88,960 $ 92,587 $ 262,292 $ 274,610 Europe, Middle East and Africa 35,335 34,475 99,137 104,751 Other Americas 7,234 6,714 19,130 21,041 Asia-Pacific 5,696 5,180 16,682 15,295 Total net revenues $ 137,225 $ 138,956 $ 397,241 $ 415,697 Other than the United States, no 10% Deferred Revenue Deferred revenue activity for the nine October 31, 2024 Deferred revenue as of January 31, 2024 $ 284,972 Billings deferred 317,738 Recognition of prior deferred revenue (397,241 ) Deferred revenue as of October 31, 2024 $ 205,469 Deferred revenue performance obligations relate predominantly to time-based SaaS subscription services that are billed in advance of services being rendered. Deferred Contract Acquisition Costs Deferred contract acquisition costs are included within prepaid expenses and other current assets and other assets on the Company's condensed consolidated balance sheets. Amortization of deferred contract acquisition costs is included within sales and marketing expense in the condensed consolidated statements of operations. Deferred contract acquisition cost activity for the nine October 31, 2024 Deferred contract acquisition costs as of January 31, 2024 $ 36,667 Contract acquisition costs 12,733 Recognition of contract acquisition costs (17,587 ) Deferred contract acquisition costs as of October 31, 2024 $ 31,813

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurements	9 Months Ended
Note 11 - Fair Value Measurements	Oct. 31, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	( 11 Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures 820” The three 820 ● Level 1: ● Level 2: 1, not ● Level 3: not The following summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as of October 31, 2024 Level 1 Level 2 Level 3 Measurements Measurements Measurements Total Cash and cash equivalents $ 97,921 $ — $ — $ 97,921 Restricted cash 3,881 — — 3,881 Interest rate swaps - asset (liability) — 1,620 — 1,620 Market-based award liability — 391 — 391 Total assets and (liabilities) recorded at fair value $ 101,802 $ 2,011 $ — $ 103,813 Cash, Cash Equivalents and Restricted Cash The cost of our cash, cash equivalents and restricted cash agreed to the estimated fair value as of October 31, 2024 2 2024 10 Interest Rate Swaps On June 17, 2022, two June 5, 2027. one not three nine October 31, 2024 three nine October 31, 2023 The inputs for determining fair value of the Interest Rate Swaps are classified as Level 2 2 Depending on whether the Interest Rate Swaps are in an asset or liability position as of the end of a reporting period, they are included in either the captions “Other assets” or “Other long-term liabilities” on the Company's condensed consolidated balance sheets. Liability-Classified Market-Based Awards The fair value of the liability-classified market-based awards are determined using a Monte Carlo simulation, weighted for the service period completed, at each reporting date. The most significant inputs for determining the fair value either originate from the grant agreement (e.g., stock price hurdles, vesting amounts, and service dates) or are derived from or corroborated by observable market data (e.g., interest rates, stock prices, equity risk, market betas, size premiums, average stock volatility); therefore we have classified the fair value measurement as Level 2. 9 Other Fair Value Instruments The Company currently invests excess cash balances primarily in money market funds invested in United States Treasury securities and United States Treasury securities repurchase agreements, as well as cash deposits held at major banks. The carrying amounts of cash and cash equivalents, trade receivables, trade payables and accrued liabilities, as reported on the condensed consolidated balance sheet as of October 31, 2024 Our long-term debt is a financial instrument, and the fair value of the Company’s outstanding principal as of October 31, 2024 2

Note 12 - Segment Information

Note 12 - Segment Information	9 Months Ended
Note 12 - Segment Information	Oct. 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	( 12 Segment Information ASC 280, Segment Reporting The Company has organized its business into two The Talent Development Solutions business engages in the sale, marketing and delivery of its content learning solutions, in areas such as Leadership and Business, Technology and Developer and Compliance. This includes individualized coaching as well as technical skill areas assumed in the Codecademy acquisition. In addition, Talent Development Solutions offers Percipio, an artificial intelligence (“AI”)-driven online learning platform that delivers an immersive learning experience through SaaS solutions. It leverages its highly engaging content, curated into nearly 700 learning paths (channels) that are continuously updated to ensure customers always have access to the latest information. The Global Knowledge business offers training solutions covering information technology and business skills for corporations and their employees. Global Knowledge guides its customers throughout their lifelong technology learning journey by offering relevant and up-to-date skills training through instructor-led (in-person “classroom” or online “virtual”) and self-paced (“on-demand”), vendor certified, and other proprietary offerings. Global Knowledge offers a wide breadth of training topics and delivery modalities both on a transactional and subscription basis. The following presents summary results for each of the segments for the three nine October 31, 2024 October 31, 2023 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Talent Development Solutions Revenues $ 102,998 $ 101,132 $ 302,725 $ 302,893 Operating expenses 112,344 122,036 353,493 373,637 Operating income (loss) (9,346 ) (20,904 ) (50,768 ) (70,744 ) Global Knowledge Revenues 34,227 37,824 94,516 112,804 Operating expenses 34,058 36,791 96,085 122,611 Operating income (loss) 169 1,033 (1,569 ) (9,807 ) Consolidated Revenues 137,225 138,956 397,241 415,697 Operating expenses 146,402 158,827 449,578 496,248 Operating income (loss) (9,177 ) (19,871 ) (52,337 ) (80,551 ) Other income (expense), net (538 ) 19 1,261 (1,290 ) Interest expense, net (14,921 ) (15,432 ) (45,641 ) (46,107 ) Fair value adjustment of warrants — 1,105 — 4,750 Fair value adjustment of interest rate swaps (822 ) 3,981 418 11,186 Income (loss) before provision for (benefit from) income taxes (25,458 ) (30,198 ) (96,299 ) (112,012 ) Provision for (benefit from) income taxes (1,859 ) (2,462 ) (5,498 ) (8,735 ) Net income (loss) from continuing operations (23,599 ) (27,736 ) (90,801 ) (103,277 ) Gain (loss) on sale of business — — — (682 ) Net income (loss) $ (23,599 ) $ (27,736 ) $ (90,801 ) $ (103,959 ) Talent Development Solutions’ segment depreciation for the three nine October 31, 2024 three nine October 31, 2023 Global Knowledge’s segment depreciation for the three nine October 31, 2024 three nine October 31, 2023 The Company’s segment assets primarily consist of cash and cash equivalents, accounts receivable, prepaid expenses, deferred taxes, property and equipment, goodwill and intangible assets. The following sets forth the Company’s segment assets as of October 31, 2024 January 31, 2024 October 31, 2024 January 31, 2024 Talent Development Solutions $ 955,347 $ 1,168,671 Global Knowledge 98,184 104,963 Total assets $ 1,053,531 $ 1,273,634 The following sets forth the Company’s long-lived tangible assets by geographic region as of October 31, 2024 January 31, 2024 October 31, 2024 January 31, 2024 United States $ 1,271 $ 3,311 Rest of world 2,272 3,328 Total long-lived tangible assets $ 3,543 $ 6,639

Note 13 - Net Loss Per Share

Note 13 - Net Loss Per Share	9 Months Ended
Note 13 - Net Loss Per Share	Oct. 31, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	( 13 Net Loss Per Share Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options, and shares issuable under the employee stock purchase plan using the treasury stock method. The following sets forth the computation of basic and diluted earnings per share (in thousands, except per share data): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Net income (loss) from continuing operations $ (23,599 ) $ (27,736 ) $ (90,801 ) $ (103,277 ) Net income (loss) from discontinued operations — — — (682 ) Net income (loss) $ (23,599 ) $ (27,736 ) $ (90,801 ) $ (103,959 ) Weighted average common shares outstanding: Basic and diluted 8,239,564 8,047,497 8,170,344 8,043,712 Net income (loss) per share: Basic and diluted - Continuing operations $ (2.86 ) $ (3.45 ) $ (11.11 ) $ (12.84 ) Basic and diluted - Discontinued operations — — — (0.08 ) Basic and diluted $ (2.86 ) $ (3.45 ) $ (11.11 ) $ (12.92 ) During the three nine October 31, 2024 October 31, 2023 not Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Common stock underlying warrants 3,098 3,098 3,098 3,098 RSUs 1,310 1,066 1,205 806 Liability-classified performance award (1) 84 - 28 - Stock options 34 99 60 107 Total 4,526 4,263 4,391 4,011 ( 1

Note 14 - Related Party Transac

Note 14 - Related Party Transactions	9 Months Ended
Note 14 - Related Party Transactions	Oct. 31, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	( 14 Related Party Transactions Agreement with Largest Shareholder On January 31, 2022, three

Note 15 - Subsequent Events

Note 15 - Subsequent Events	9 Months Ended
Note 15 - Subsequent Events	Oct. 31, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	( 15 Subsequent Events Refer to Note 7 November 2024. In addition to the above, the Company has completed an evaluation of all subsequent events after the balance sheet date of October 31, 2024 through the date this 10 October 31, 2024 not no

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
Insider Trading Arrangements	Oct. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	5. 10b5 1 During the three nine October 31, 2024 no 10b5 1 10b5 1 408
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
Significant Accounting Policies (Policies)	Oct. 31, 2024
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Guidance In December 2023, 2023 07, Improvements to Reportable Segment Disclosures, 10 January 31, 2025. In December 2023, 2023 09, Improvements to Income Tax Disclosures, February 1, 2025. In November 2024, 2024 03, Disaggregation of Income Statement Expenses January 31, 2027.

Note 3 - Intangible Assets (Tab

Note 3 - Intangible Assets (Tables)	9 Months Ended
Note 3 - Intangible Assets (Tables)	Oct. 31, 2024
Notes Tables
Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class [Table Text Block]	October 31, 2024 January 31, 2024 Weighted Average Remaining Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed software/courseware 2.0 $ 363,319 $ 222,305 $ 141,014 2.7 $ 355,247 $ 172,578 $ 182,669 Customer contracts/relationships 8.9 268,658 87,686 180,972 9.5 269,300 59,091 210,209 Trademarks and trade names 11.7 52,732 9,206 43,526 12.4 52,863 6,184 46,679 Publishing rights 1.6 41,100 27,834 13,266 2.4 41,100 21,668 19,432 Backlog 1.2 49,700 48,331 1,369 1.9 49,700 45,941 3,759 Skillsoft trademark Indefinite 76,545 — 76,545 Indefinite 76,545 — 76,545 Total intangible assets $ 852,054 $ 395,362 $ 456,692 $ 844,755 $ 305,462 $ 539,293
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	Amortization Expense 2025 (three months remaining) $ 31,952 2026 124,611 2027 79,084 2028 38,378 2029 28,308 Thereafter 77,814 Total future amortization $ 380,147
Schedule of Goodwill [Table Text Block]	Talent Development Solutions Global Knowledge Consolidated Goodwill January 31, 2024 $ 287,650 $ 29,421 $ 317,071 Increase (decrease) — — — Goodwill October 31, 2024 $ 287,650 $ 29,421 $ 317,071 Accumulated impairment, October 31, 2024 $ 698,405 $ 84,694 $ 783,099

Note 5 - Restructuring (Tables)

Note 5 - Restructuring (Tables)	9 Months Ended
Note 5 - Restructuring (Tables)	Oct. 31, 2024
Notes Tables
Restructuring and Related Costs [Table Text Block]	Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Talent Development Solutions $ 1,645 $ 123 $ 11,659 $ 5,563 Global Knowledge 1,450 750 3,702 3,029 Total $ 3,095 $ 873 $ 15,361 $ 8,592

Note 7 - Long-term Debt (Tables

Note 7 - Long-term Debt (Tables)	9 Months Ended
Note 7 - Long-term Debt (Tables)	Oct. 31, 2024
Notes Tables
Schedule of Debt [Table Text Block]	October 31, 2024 January 31, 2024 Term Loan - current portion $ 6,404 $ 6,404 Current maturities of long-term debt $ 6,404 $ 6,404 Term Loan - long-term portion $ 583,394 $ 588,197 Original issue discount - long-term portion (5,886 ) (6,942 ) Deferred financing costs - long-term portion (3,196 ) (3,768 ) Long-term debt $ 574,312 $ 577,487
Schedule of Maturities of Long-Term Debt [Table Text Block]	Future principal payments due for fiscal years ending January 31: 2025 (three months remaining) $ 1,601 2026 4,803 2027 6,404 2028 8,005 2029 568,985 Thereafter — Total payments 589,798 Current portion (6,404 ) Unamortized original issue discount and issuance costs (9,082 ) Long-term portion $ 574,312

Note 8 - Shareholders' Equity (

Note 8 - Shareholders' Equity (Tables)	9 Months Ended
Note 8 - Shareholders' Equity (Tables)	Oct. 31, 2024
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended October 31, 2024 2023 Before Tax Income Tax Net Before Tax Income Tax Net Balance as of beginning-of-period $ (15,873 ) $ — $ (15,873 ) $ (13,423 ) $ — $ (13,423 ) Translation adjustment (25 ) — (25 ) (2,650 ) — (2,650 ) Balance as of end-of-period $ (15,898 ) $ — $ (15,898 ) $ (16,073 ) $ — $ (16,073 ) Nine Months Ended October 31, 2024 2023 Before Tax Income Tax Net Before Tax Income Tax Net Balance as of beginning-of-period $ (13,050 ) $ — $ (13,050 ) $ (14,794 ) $ — $ (14,794 ) Translation adjustment (2,848 ) — (2,848 ) (1,279 ) — (1,279 ) Balance as of end-of-period $ (15,898 ) $ — $ (15,898 ) $ (16,073 ) $ — $ (16,073 )

Note 9 - Stock-based Compensa_2

Note 9 - Stock-based Compensation (Tables)	9 Months Ended
Note 9 - Stock-based Compensation (Tables)	Oct. 31, 2024
Notes Tables
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Weighted - Weighted - Average Average Remaining Aggregate Exercise Contractual Intrinsic Value Shares Price Term (Years) (in thousands) Outstanding, January 31, 2024 88,850 $ 215.00 7.4 $ — Granted — — — — Exercised — — — — Forfeited (17,649 ) 215.00 — — Expired (40,451 ) 215.00 — — Outstanding, October 31, 2024 30,750 215.00 6.6 — Vested and exercisable, October 31, 2024 24,986 215.00 6.6 —
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Weighted - Aggregate Average Grant Intrinsic Value Shares Date Fair Value (in thousands) Unvested balance, January 31, 2024 735,998 $ 64.77 $ 10,319 Granted 1,094,736 15.07 — Vested (291,460 ) 66.13 — Forfeited (158,901 ) 63.43 — Unvested balance, October 31, 2024 1,380,373 25.22 21,078 Weighted - Aggregate Average Grant Intrinsic Value Shares Date Fair Value (in thousands) Unvested balance, January 31, 2024 182,742 $ 72.60 $ 2,562 Granted 10,000 12.94 — Vested — — — Forfeited (84,919 ) 78.79 — Unvested balance, October 31, 2024 107,823 62.19 1,646 Weighted - Aggregate Average Grant Intrinsic Value Shares Date Fair Value (in thousands) Unvested balance, January 31, 2024 — $ — $ — Granted (1) 10,000 11.25 — Vested — — — Forfeited — — — Unvested balance, October 31, 2024 10,000 11.25 153
Share-Based Compensation Arrangements by Share-Based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]	Estimated liability $ 391 Estimated unrecognized compensation cost (1) 3,475
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 149 $ 128 $ 447 $ 463 Content and software development 1,268 1,569 3,472 5,325 Selling and marketing 898 1,421 2,951 2,436 General and administrative (1) 1,331 4,845 3,115 14,693 Total $ 3,646 $ 7,963 $ 9,985 $ 22,917

Note 10 - Revenue (Tables)

Note 10 - Revenue (Tables)	9 Months Ended
Note 10 - Revenue (Tables)	Oct. 31, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 SaaS subscription services $ 97,123 $ 96,085 $ 285,927 $ 287,936 Virtual, on-demand and classroom 34,227 37,824 94,516 112,804 Professional services 5,875 5,047 16,798 14,957 Total net revenues $ 137,225 $ 138,956 $ 397,241 $ 415,697 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenue: United States $ 88,960 $ 92,587 $ 262,292 $ 274,610 Europe, Middle East and Africa 35,335 34,475 99,137 104,751 Other Americas 7,234 6,714 19,130 21,041 Asia-Pacific 5,696 5,180 16,682 15,295 Total net revenues $ 137,225 $ 138,956 $ 397,241 $ 415,697
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Deferred revenue as of January 31, 2024 $ 284,972 Billings deferred 317,738 Recognition of prior deferred revenue (397,241 ) Deferred revenue as of October 31, 2024 $ 205,469
Capitalized Contract Cost [Table Text Block]	Deferred contract acquisition costs as of January 31, 2024 $ 36,667 Contract acquisition costs 12,733 Recognition of contract acquisition costs (17,587 ) Deferred contract acquisition costs as of October 31, 2024 $ 31,813

Note 11 - Fair Value Measurem_2

Note 11 - Fair Value Measurements (Tables)	9 Months Ended
Note 11 - Fair Value Measurements (Tables)	Oct. 31, 2024
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Measurements Measurements Measurements Total Cash and cash equivalents $ 97,921 $ — $ — $ 97,921 Restricted cash 3,881 — — 3,881 Interest rate swaps - asset (liability) — 1,620 — 1,620 Market-based award liability — 391 — 391 Total assets and (liabilities) recorded at fair value $ 101,802 $ 2,011 $ — $ 103,813

Note 12 - Segment Information (

Note 12 - Segment Information (Tables)	9 Months Ended
Note 12 - Segment Information (Tables)	Oct. 31, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Talent Development Solutions Revenues $ 102,998 $ 101,132 $ 302,725 $ 302,893 Operating expenses 112,344 122,036 353,493 373,637 Operating income (loss) (9,346 ) (20,904 ) (50,768 ) (70,744 ) Global Knowledge Revenues 34,227 37,824 94,516 112,804 Operating expenses 34,058 36,791 96,085 122,611 Operating income (loss) 169 1,033 (1,569 ) (9,807 ) Consolidated Revenues 137,225 138,956 397,241 415,697 Operating expenses 146,402 158,827 449,578 496,248 Operating income (loss) (9,177 ) (19,871 ) (52,337 ) (80,551 ) Other income (expense), net (538 ) 19 1,261 (1,290 ) Interest expense, net (14,921 ) (15,432 ) (45,641 ) (46,107 ) Fair value adjustment of warrants — 1,105 — 4,750 Fair value adjustment of interest rate swaps (822 ) 3,981 418 11,186 Income (loss) before provision for (benefit from) income taxes (25,458 ) (30,198 ) (96,299 ) (112,012 ) Provision for (benefit from) income taxes (1,859 ) (2,462 ) (5,498 ) (8,735 ) Net income (loss) from continuing operations (23,599 ) (27,736 ) (90,801 ) (103,277 ) Gain (loss) on sale of business — — — (682 ) Net income (loss) $ (23,599 ) $ (27,736 ) $ (90,801 ) $ (103,959 )
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	October 31, 2024 January 31, 2024 Talent Development Solutions $ 955,347 $ 1,168,671 Global Knowledge 98,184 104,963 Total assets $ 1,053,531 $ 1,273,634
Long-Lived Assets by Geographic Areas [Table Text Block]	October 31, 2024 January 31, 2024 United States $ 1,271 $ 3,311 Rest of world 2,272 3,328 Total long-lived tangible assets $ 3,543 $ 6,639

Note 13 - Net Loss Per Share (T

Note 13 - Net Loss Per Share (Tables)	9 Months Ended
Note 13 - Net Loss Per Share (Tables)	Oct. 31, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Net income (loss) from continuing operations $ (23,599 ) $ (27,736 ) $ (90,801 ) $ (103,277 ) Net income (loss) from discontinued operations — — — (682 ) Net income (loss) $ (23,599 ) $ (27,736 ) $ (90,801 ) $ (103,959 ) Weighted average common shares outstanding: Basic and diluted 8,239,564 8,047,497 8,170,344 8,043,712 Net income (loss) per share: Basic and diluted - Continuing operations $ (2.86 ) $ (3.45 ) $ (11.11 ) $ (12.84 ) Basic and diluted - Discontinued operations — — — (0.08 ) Basic and diluted $ (2.86 ) $ (3.45 ) $ (11.11 ) $ (12.92 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Common stock underlying warrants 3,098 3,098 3,098 3,098 RSUs 1,310 1,066 1,205 806 Liability-classified performance award (1) 84 - 28 - Stock options 34 99 60 107 Total 4,526 4,263 4,391 4,011

Note 3 - Intangible Assets (Det

Note 3 - Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Amortization of Intangible Assets	$ 31,826	$ 38,620	$ 95,197	$ 116,086

Note 3 - Intangible Assets - Sc

Note 3 - Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Intangible assets, accumulated amortization	$ 395,362	$ 305,462
Finite-lived intangible assets, net	380,147
Intangible assets, gross	852,054	844,755
Intangible assets, net	456,692	539,293
Skillsoft Trademark [Member]
Intangible assets, gross	76,545	76,545
Intangible assets, net	$ 76,545	$ 76,545
Developed Technology Rights [Member]
Finite-lived intangible assets, useful life (Year)	2 years	2 years 8 months 12 days
Finite-lived intangible assets, gross	$ 363,319	$ 355,247
Intangible assets, accumulated amortization	222,305	172,578
Finite-lived intangible assets, net	$ 141,014	$ 182,669
Customer-Related Intangible Assets [Member]
Finite-lived intangible assets, useful life (Year)	8 years 10 months 24 days	9 years 6 months
Finite-lived intangible assets, gross	$ 268,658	$ 269,300
Intangible assets, accumulated amortization	87,686	59,091
Finite-lived intangible assets, net	$ 180,972	$ 210,209
Trademarks and Trade Names [Member]
Finite-lived intangible assets, useful life (Year)	11 years 8 months 12 days	12 years 4 months 24 days
Finite-lived intangible assets, gross	$ 52,732	$ 52,863
Intangible assets, accumulated amortization	9,206	6,184
Finite-lived intangible assets, net	$ 43,526	$ 46,679
Publishing Rights [Member]
Finite-lived intangible assets, useful life (Year)	1 year 7 months 6 days	2 years 4 months 24 days
Finite-lived intangible assets, gross	$ 41,100	$ 41,100
Intangible assets, accumulated amortization	27,834	21,668
Finite-lived intangible assets, net	$ 13,266	$ 19,432
Order or Production Backlog [Member]
Finite-lived intangible assets, useful life (Year)	1 year 2 months 12 days	1 year 10 months 24 days
Finite-lived intangible assets, gross	$ 49,700	$ 49,700
Intangible assets, accumulated amortization	48,331	45,941
Finite-lived intangible assets, net	$ 1,369	$ 3,759

Note 3 - Intangible Assets - Ex

Note 3 - Intangible Assets - Expected Amortization Expense (Details) $ in Thousands	Oct. 31, 2024 USD ($)
2025 (three months remaining)	$ 31,952
2026	124,611
2027	79,084
2028	38,378
2029	28,308
Thereafter	77,814
Total future amortization	$ 380,147

Note 3 - Intangible Assets - Ro

Note 3 - Intangible Assets - Roll Forward of Goodwill (Details) $ in Thousands	9 Months Ended
	Oct. 31, 2024 USD ($)
Beginning Goodwill, net	$ 317,071
Increase (decrease)	0
Ending Goodwill, net	317,071
Accumulated impairment, October 31, 2024	783,099
Content & Platform [Member]
Beginning Goodwill, net	287,650
Increase (decrease)	0
Ending Goodwill, net	287,650
Accumulated impairment, October 31, 2024	698,405
Instructor-Led Training [Member]
Beginning Goodwill, net	29,421
Increase (decrease)	0
Ending Goodwill, net	29,421
Accumulated impairment, October 31, 2024	$ 84,694

Note 4 - Taxes (Details Textual

Note 4 - Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Note 4 - Taxes (Details Textual) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Income Tax Expense (Benefit)	$ 1,859	$ 2,462	$ 5,498	$ 8,735
Income Tax Expense (Benefit)	(1,859)	(2,462)	(5,498)	(8,735)
Income (Loss) from Operations before Income Taxes	$ (25,500)	$ (30,200)	$ (96,300)	$ (112,000)

Note 5 - Restructuring (Details

Note 5 - Restructuring (Details Textual) - USD ($) $ in Millions	Oct. 31, 2024	Jan. 31, 2024
Restructuring Reserve	$ 3.7	$ 3.3

Note 5 - Restructuring - Schedu

Note 5 - Restructuring - Schedule of Restructuring and Related Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Restructuring Costs	$ 3,095	$ 873	$ 15,361	$ 8,592
Talent Development Solutions' Segment [Member]
Restructuring Costs	1,645	123	11,659	5,563
Global Knowledge Segment [Member]
Restructuring Costs	$ 1,450	$ 750	$ 3,702	$ 3,029

Note 6 - Leases, Commitments _2

Note 6 - Leases, Commitments and Contingencies (Details Textual) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 31, 2024 USD ($)	Oct. 31, 2024 USD ($)
Short-Term Lease, Cost		$ 0
Legal Proceedings and Claims [Member]
Loss Contingency Accrual, Ending Balance	$ 0	0
Indemnifications or Commitments [Member]
Loss Contingency Accrual, Ending Balance	0	$ 0
Loss Contingency, Loss in Period	$ 0

Note 7 - Long-term Debt (Detail

Note 7 - Long-term Debt (Details Textual) - USD ($) $ in Thousands		9 Months Ended
	Nov. 01, 2024	Oct. 31, 2024	Jan. 31, 2024
Long-Term Debt, Gross		$ 589,798
Restricted Cash, Current		3,881	$ 10,215
Accounts Receivable Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 75,000
Debt Instrument, Interest Rate, Stated Percentage		3.11%
Percentage of Advance		8%
Restricted Cash, Current		$ 1,500
Debt Instrument, Interest Rate During Period		7.82%
Proceeds from Issuance of Debt		$ 10,000
Accounts Receivable Facility [Member] \| Minimum [Member]
Long-Term Debt, Gross		$ 10,000
Accounts Receivable Facility [Member] \| Subsequent Event [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.61%
Percentage of Advance	90%
Accounts Receivable Facility [Member] \| Subsequent Event [Member] \| Minimum [Member]
Long-Term Debt, Gross	$ 1,000

Note 7 - Long-term Debt - Sched

Note 7 - Long-term Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Current maturities of long-term debt	$ 6,404	$ 6,404
Long-Term Debt, Gross	589,798
Original issue discount - long-term portion	(5,886)	(6,942)
Deferred financing costs - long-term portion	(3,196)	(3,768)
Long-term debt	574,312	577,487
Term Loan Facility [Member]
Current maturities of long-term debt	6,404	6,404
Long-Term Debt, Gross	$ 583,394	$ 588,197

Note 7 - Long-term Debt - Matur

Note 7 - Long-term Debt - Maturity of Outstanding Debt (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
2025 (three months remaining)	$ 1,601
2026	4,803
2027	6,404
2028	8,005
2029	568,985
Thereafter	0
Total payments	589,798
Current portion	(6,404)	$ (6,404)
Unamortized original issue discount and issuance costs	(9,082)
Long-term portion	$ 574,312

Note 8 - Shareholders' Equity_2

Note 8 - Shareholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Oct. 31, 2024	Jul. 10, 2024	Jan. 31, 2024
Common Stock, Shares Authorized (in shares)	18,750,000		18,750,000
Preferred Stock, Shares Authorized (in shares)	10,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001		$ 0.0001
Common Stock, Shares, Issued (in shares)	8,576,683		8,380,436
Common Stock, Shares, Outstanding (in shares)	8,276,906		8,080,659
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001
Preferred Stock, Shares Outstanding (in shares)	0
Common Class A [Member]
Common Stock, Shares Authorized (in shares)	18,750,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001
Common Stock, Shares, Issued (in shares)	8,576,683
Common Stock, Shares, Outstanding (in shares)	8,276,906
Share Repurchase Program, Authorized, Amount		$ 10
Treasury Stock, Shares, Acquired (in shares)	0
Common Class C [Member]
Common Stock, Shares, Outstanding (in shares)	0

Note 8 - Shareholders' Equity -

Note 8 - Shareholders' Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Balance, before tax	$ (15,873)	$ (13,423)	$ (13,050)	$ (14,794)
Balance, tax	0	0	0	0
Balance, net	(15,873)	(13,423)	(13,050)	(14,794)
Translation adjustment	(25)	(2,650)	(2,848)	(1,279)
Translation adjustment	0	0	0	0
Translation adjustment, net	(25)	(2,650)	(2,848)	(1,279)
Balance, before tax	(15,898)	(16,073)	(15,898)	(16,073)
Balance, tax	0	0	0	0
Balance, net	$ (15,898)	$ (16,073)	$ (15,898)	$ (16,073)

Note 9 - Stock-based Compensa_3

Note 9 - Stock-based Compensation (Details Textual) $ / shares in Units, $ in Thousands			3 Months Ended	9 Months Ended
		Jun. 30, 2021 shares	Oct. 31, 2024 USD ($) $ / shares shares	Oct. 31, 2024 USD ($) $ / shares shares
Share-based Compensation Expense, Decrease From Forfeiture				$ 6,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 300	$ 300
Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price (in dollars per share) \| $ / shares			$ 67.23	$ 67.23
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			7 months 6 days
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 29,200	$ 29,200
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			2 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Right To Receive Shares			1	1
Restricted Stock Units (RSUs) [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			4 years
Market-based Restricted Stock Units (MBRSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 1,000	$ 1,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			1 year
Market-based Restricted Stock Units (MBRSUs) [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Market-based Restricted Stock Units (MBRSUs) [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			4 years
Performance-based Restricted Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			2 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 100	100
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			6 months
Performance-based Restricted Stock Units [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Target Achievement Percentage			0%
Performance-based Restricted Stock Units [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Target Achievement Percentage			200%
Liability-classified Performance Award [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	[1]		$ 3,475	$ 3,475
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			8 months 12 days
The 2020 Omnibus Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) \| shares		655,295
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized, Annual Increase, Percentage		5%
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) \| shares			948,801	948,801
The 2020 Omnibus Incentive Plan [Member] \| Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)		4 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)		10 years
The 2020 Omnibus Incentive Plan [Member] \| Share-Based Payment Arrangement, Option [Member] \| Days Following Termination of Employment or Service [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)		90 days
The 2020 Omnibus Incentive Plan [Member] \| Share-Based Payment Arrangement, Option [Member] \| Months Following Optionees Death or Disability [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)		12 months
Inducement Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) \| shares			110,000	110,000

[1]Expected to be recognized over a weighted-average period of 0.7 years.

Note 9 - Stock-based Compensa_4

Note 9 - Stock-based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2024	Jan. 31, 2023
Outstanding, shares (in shares)	88,850
Outstanding, weighted average exercise price (in dollars per share)	$ 215
Outstanding, weighted average remaining contractual term (Year)	6 years 7 months 6 days	7 years 4 months 24 days
Outstanding, aggregate intrinsic value	$ 0	$ 0
Granted, shares (in shares)	0
Granted, weighted average exercise price (in dollars per share)	$ 0
Exercised, shares (in shares)	0
Exercised, weighted average exercise price (in dollars per share)	$ 0
Forfeited, shares (in shares)	(17,649)
Forfeited, weighted average exercise price (in dollars per share)	$ 215
Expired, shares (in shares)	(40,451)
Expired, weighted average exercise price (in dollars per share)	$ 215
Outstanding, shares (in shares)	30,750
Outstanding, weighted average exercise price (in dollars per share)	$ 215
Vested and Exercisable, shares (in shares)	24,986
Vested and Exercisable, weighted average exercise price (in dollars per share)	$ 215
Vested and exercisable, October 31, 2024 (Year)	6 years 7 months 6 days
Vested and Exercisable, aggregate intrinsic value	$ 0

Note 9 - Stock-based Compensa_5

Note 9 - Stock-based Compensation - Summary of RSU Activity (Details) - USD ($) $ / shares in Units, $ in Thousands		9 Months Ended
		Oct. 31, 2024	Jan. 31, 2024	Jan. 31, 2023
Forfeited, shares (in shares)		(84,919)
Forfeited, weighted average grant date fair value (in dollars per share)		$ 78.79
Forfeited, shares (in shares)		(84,919)
Restricted Stock Units (RSUs) [Member]
Unvested balance, shares (in shares)		735,998
Unvested balance, weighted average grant date fair value (in dollars per share)		$ 64.77
Unvested balance, aggregate intrinsic value		$ 21,078		$ 10,319
Granted, shares (in shares)		1,094,736
Granted, weighted average grant date fair value (in dollars per share)		$ 15.07
Vested, shares (in shares)		(291,460)
Vested, weighted average grant date fair value (in dollars per share)		$ 66.13
Forfeited, shares (in shares)		(158,901)
Forfeited, weighted average grant date fair value (in dollars per share)		$ 63.43
Unvested balance, shares (in shares)		1,380,373
Unvested balance, weighted average grant date fair value (in dollars per share)		$ 25.22
Forfeited, shares (in shares)		(158,901)
Market-based Restricted Stock Units (MBRSUs) [Member]
Unvested balance, shares (in shares)		182,742
Unvested balance, weighted average grant date fair value (in dollars per share)		$ 72.6
Unvested balance, aggregate intrinsic value		$ 1,646	$ 2,562
Granted, shares (in shares)		10,000
Granted, weighted average grant date fair value (in dollars per share)		$ 12.94
Vested, shares (in shares)		0
Vested, weighted average grant date fair value (in dollars per share)		$ 0
Unvested balance, shares (in shares)		107,823
Unvested balance, weighted average grant date fair value (in dollars per share)		$ 62.19
Performance-based Restricted Stock Units [Member]
Unvested balance, shares (in shares)		0
Unvested balance, weighted average grant date fair value (in dollars per share)		$ 0
Unvested balance, aggregate intrinsic value		$ 153
Granted, shares (in shares)	[1]	10,000
Granted, weighted average grant date fair value (in dollars per share)		$ 11.25
Vested, shares (in shares)		0
Vested, weighted average grant date fair value (in dollars per share)		$ 0
Forfeited, shares (in shares)		0
Forfeited, weighted average grant date fair value (in dollars per share)		$ 0
Unvested balance, shares (in shares)		10,000
Unvested balance, weighted average grant date fair value (in dollars per share)		$ 11.25
Forfeited, shares (in shares)		0

[1]Reflects the number of shares that would vest based on achieving the “Target” level of performance.

Note 9 - Stock-based Compensa_6

Note 9 - Stock-based Compensation - Summary of Liability-classified Performance Awards (Details) - Liability-classified Performance Award [Member] $ in Thousands	Oct. 31, 2024 USD ($)
Estimated liability	$ 391
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 3,475	[1]

[1]Expected to be recognized over a weighted-average period of 0.7 years.

Note 9 - Stock-based Compensa_7

Note 9 - Stock-based Compensation - Summary of Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Stock-based compensation expense	$ 3,646	$ 7,963	$ 9,985	$ 22,917
Cost of Sales [Member]
Stock-based compensation expense	149	128	447	463
Research and Development Expense [Member]
Stock-based compensation expense	1,268	1,569	3,472	5,325
Selling and Marketing Expense [Member]
Stock-based compensation expense	898	1,421	2,951	2,436
General and Administrative Expense [Member]
Stock-based compensation expense	$ 1,331	$ 4,845	$ 3,115	$ 14,693

Note 10 - Revenue (Details Text

Note 10 - Revenue (Details Textual) Pure in Thousands	3 Months Ended
Note 10 - Revenue (Details Textual) Pure in Thousands	Oct. 31, 2024
Non-US [Member]
Number of Countries with Greater Than Ten Percent of Revenue	0
Minimum [Member] \| Subscription Contracts [Member]
Customer Contract Term (Year)	1 year
Maximum [Member] \| Subscription Contracts [Member]
Customer Contract Term (Year)	3 years

Note 10 - Revenue - Disaggregat

Note 10 - Revenue - Disaggregated Revenue and Geography Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Total revenues	$ 137,225	$ 138,956	$ 397,241	$ 415,697
UNITED STATES
Total revenues	88,960	92,587	262,292	274,610
EMEA [Member]
Total revenues	35,335	34,475	99,137	104,751
Other Americas [Member]
Total revenues	7,234	6,714	19,130	21,041
Asia Pacific [Member]
Total revenues	5,696	5,180	16,682	15,295
SAAS and Subscription Services [Member]
Total revenues	97,123	96,085	285,927	287,936
Virtual, On-demand and Classroom, and Individualized Coaching [Member]
Total revenues	34,227	37,824	94,516	112,804
Professional Services [Member]
Total revenues	$ 5,875	$ 5,047	$ 16,798	$ 14,957

Note 10 - Revenue - Deferred Re

Note 10 - Revenue - Deferred Revenue (Details) $ in Thousands	9 Months Ended
	Oct. 31, 2024 USD ($)
Deferred revenue as of January 31, 2024	$ 284,972
Billings deferred	317,738
Recognition of prior deferred revenue	(397,241)
Deferred revenue as of October 31, 2024	$ 205,469

Note 10 - Revenue - Deferred Co

Note 10 - Revenue - Deferred Contract Acquisition Costs (Details) $ in Thousands	9 Months Ended
	Oct. 31, 2024 USD ($)
Deferred contract acquisition costs as of January 31, 2024	$ 36,667
Contract acquisition costs	12,733
Recognition of contract acquisition costs	(17,587)
Deferred contract acquisition costs as of October 31, 2024	$ 31,813

Note 11 - Fair Value Measurem_3

Note 11 - Fair Value Measurements (Details Textual) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Jun. 17, 2022 USD ($)
Fair Value, Inputs, Level 2 [Member]
Long-Term Debt, Fair Value	$ 480		$ 480
Interest Rate Swap [Member]
Derivative, Number of Instruments Held					2
Derivative, Notional Amount					$ 300
Derivative, Gain (Loss) on Derivative, Net	$ (0.8)	$ 4	$ 0.4	$ 11.2

Note 11 - Fair Value Measurem_4

Note 11 - Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis (Details) - Fair Value, Recurring [Member] $ in Thousands	Oct. 31, 2024 USD ($)
Cash and cash equivalents	$ 97,921
Restricted cash	3,881
Interest rate swaps - asset (liability)	1,620
Market-based award liability	391
Total assets and (liabilities) recorded at fair value	103,813
Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	97,921
Restricted cash	3,881
Interest rate swaps - asset (liability)	0
Market-based award liability	0
Total assets and (liabilities) recorded at fair value	101,802
Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0
Restricted cash	0
Interest rate swaps - asset (liability)	1,620
Market-based award liability	391
Total assets and (liabilities) recorded at fair value	2,011
Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0
Restricted cash	0
Interest rate swaps - asset (liability)	0
Market-based award liability	0
Total assets and (liabilities) recorded at fair value	$ 0

Note 12 - Segment Information_2

Note 12 - Segment Information (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)
Number of Operating Segments	2
Intercompany Revenues Between Reportable Segments	$ 0
Number of Channels	700		700
Talent Development Solutions' Segment [Member]
Depreciation	$ 700	$ 700	$ 1,700	$ 2,100
Global Knowledge Segment [Member]
Depreciation	$ 300	$ 400	$ 700	$ 500

Note 12 - Segment Information -

Note 12 - Segment Information - Summary Results (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 31, 2024	Jul. 31, 2024	Apr. 30, 2024	Oct. 31, 2023	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2024	Oct. 31, 2023
Revenues	$ 137,225			$ 138,956			$ 397,241	$ 415,697
Operating expenses	146,402			158,827			449,578	496,248
Operating income (loss)	(9,177)			(19,871)			(52,337)	(80,551)
Other income (expense), net	(538)			19			1,261	(1,290)
Interest expense, net	(14,921)			(15,432)			(45,641)	(46,107)
Fair value adjustment of warrants	0			1,105			0	4,750
Fair value adjustment of interest rate swaps	(822)			3,981			418	11,186
Income (loss) before provision for (benefit from) income taxes	(25,458)			(30,198)			(96,299)	(112,012)
Income Tax Expense (Benefit)	(1,859)			(2,462)			(5,498)	(8,735)
Net income (loss) from continuing operations	(23,599)			(27,736)			(90,801)	(103,277)
Gain (loss) on sale of business	0			0			0	(682)
Net income (loss)	(23,599)	$ (39,566)	$ (27,636)	(27,736)	$ (31,999)	$ (44,224)	(90,801)	(103,959)
Content & Platform [Member]
Revenues	102,998			101,132			302,725	302,893
Operating expenses	112,344			122,036			353,493	373,637
Operating income (loss)	(9,346)			(20,904)			(50,768)	(70,744)
Instructor-Led Training [Member]
Revenues	34,227			37,824			94,516	112,804
Operating expenses	34,058			36,791			96,085	122,611
Operating income (loss)	$ 169			$ 1,033			$ (1,569)	$ (9,807)

Note 12 - Segment Information_3

Note 12 - Segment Information - Segment Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Assets	$ 1,053,531	$ 1,273,634
Talent Development Solutions' Segment [Member]
Assets	955,347	1,168,671
Global Knowledge Segment [Member]
Assets	$ 98,184	$ 104,963

Note 12 - Segment Information_4

Note 12 - Segment Information - Long-lived Assets by Geographic Region (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Long-Lived Assets	$ 3,543	$ 6,639
UNITED STATES
Long-Lived Assets	1,271	3,311
Non-US [Member]
Long-Lived Assets	$ 2,272	$ 3,328

Note 13 - Net Loss Per Share (D

Note 13 - Net Loss Per Share (Details Textual) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants (in shares)	0	0	0	0

Note 13 - Net Loss Per Share -

Note 13 - Net Loss Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 31, 2024	Jul. 31, 2024	Apr. 30, 2024	Oct. 31, 2023	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2024	Oct. 31, 2023
Net income (loss) from continuing operations	$ (23,599)			$ (27,736)			$ (90,801)	$ (103,277)
Net income (loss) from discontinued operations	0			0			0	(682)
Net income (loss)	$ (23,599)	$ (39,566)	$ (27,636)	$ (27,736)	$ (31,999)	$ (44,224)	$ (90,801)	$ (103,959)
Weighted average common shares outstanding (in shares)	8,239,564			8,047,497			8,170,344	8,043,712
Basic and diluted - Continuing operations (in dollars per share)	$ (2.86)			$ (3.45)			$ (11.11)	$ (12.84)
Basic and diluted - Discontinued operations (in dollars per share)	0			0			0	(0.08)
Basic and diluted (in dollars per share)	$ (2.86)			$ (3.45)			$ (11.11)	$ (12.92)

Note 13 - Net Loss Per Share _2

Note 13 - Net Loss Per Share - Share/Unit Totals With Potentially Dilutive Impact (Details) - shares shares in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Antidilutive securities (in shares)		4,526	4,263	4,391	4,011
Warrant [Member]
Antidilutive securities (in shares)		3,098	3,098	3,098	3,098
Restricted Stock Units (RSUs) [Member]
Antidilutive securities (in shares)		1,310	1,066	1,205	806
Liability-classified Performance Award [Member]
Antidilutive securities (in shares)	[1]	84	0	28	0
Share-Based Payment Arrangement, Option [Member]
Antidilutive securities (in shares)		34	99	60	107

[1]Intended to be settled in cash upon vesting.

Note 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - MIH Learnings B.V [Member] - Off-the-shelf Products [Member] $ in Millions	1 Months Ended
	Dec. 31, 2022 USD ($)
Contractual Obligation, Total	$ 0.7
Contractual Obligation, Period (Year)	3 years