AstroNova (ALOT) 10-Q 7 Dec 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Oct. 29, 2022	Dec. 05, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 29, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Registrant Name	AstroNova, Inc.
Entity Central Index Key	0000008146
Current Fiscal Year End Date	--01-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Trading Symbol	ALOT
Entity Small Business	true
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	RI
Entity File Number	0-13200
Document Quarterly Report	true
Document Transition Report	false
Entity Tax Identification Number	05-0318215
Entity Address, Address Line One	600 East Greenwich Avenue
Entity Address, City or Town	West Warwick
Entity Address, State or Province	RI
Entity Address, Postal Zip Code	02893
City Area Code	401
Local Phone Number	828-4000
Entity Common Stock, Shares Outstanding		7,349,507

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 31, 2022
CURRENT ASSETS
Cash and Cash Equivalents	$ 4,496	$ 5,276
Accounts Receivable, net	21,919	17,124
Inventories, net	49,992	34,609
Employee Retention Credit Receivable		3,135
Prepaid Expenses and Other Current Assets	4,682	3,634
Total Current Assets	81,089	63,778
Property, Plant and Equipment, net	14,041	11,441
Intangible Assets, net	18,866	19,200
Goodwill	17,885	12,156
Deferred Tax Assets	5,567	5,591
Right of Use Assets	800	1,094
Other Assets	1,581	1,695
TOTAL ASSETS	139,829	114,955
CURRENT LIABILITIES
Accounts Payable	9,644	8,590
Accrued Compensation	2,814	3,512
Other Liabilities and Accrued Expenses	4,006	4,113
Revolving Line of Credit	19,900
Current Liability – Royalty Obligation	1,750	2,000
Current Portion of Long-Term Debt	1,800	1,000
Current Liability – Excess Royalty Payment Due	255	235
Income Taxes Payable	912	323
Deferred Revenue	362	262
Total Current Liabilities	41,443	20,035
NON CURRENT LIABILITIES
Long-Term Debt, net of current portion	12,732	8,154
Royalty Obligation, net of current portion	3,298	4,361
Lease Liabilities, net of current portion	550	808
Income Taxes Payable	399	399
Deferred Tax Liabilities	79	186
TOTAL LIABILITIES	58,501	33,943
SHAREHOLDERS' EQUITY
Common Stock	534	528
Additional Paid-in Capital	60,774	59,692
Retained Earnings	57,812	56,514
Treasury Stock, at Cost	(34,227)	(33,974)
Accumulated Other Comprehensive Loss, net of tax	(3,565)	(1,748)
TOTAL SHAREHOLDERS' EQUITY	81,328	81,012
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 139,829	$ 114,955

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 29, 2022	Jan. 31, 2022
Statement of Financial Position [Abstract]
Common Stock, Par Value	$ 0.05	$ 0.05
Common Stock, Shares Authorized	13,000,000	13,000,000
Common Stock, Shares Issued	10,669,689	10,566,404
Treasury Stock, Shares	3,341,354	3,324,280

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Income Statement [Abstract]
Revenue	$ 39,405,000	$ 28,857,000	$ 102,674,000	$ 87,780,000
Cost of Revenue	26,923,000	18,472,000	68,080,000	53,792,000
Gross Profit	12,482,000	10,385,000	34,594,000	33,988,000
Operating Expenses:
Selling and Marketing	5,908,000	5,777,000	17,771,000	16,931,000
Research and Development	1,903,000	1,948,000	5,021,000	5,203,000
General and Administrative	3,325,000	2,364,000	8,456,000	7,372,000
Operating Expenses	11,136,000	10,089,000	31,248,000	29,506,000
Operating Income	1,346,000	296,000	3,346,000	4,482,000
Other Income (Expense), net:
Extinguishment of Debt – PPP Loan	0	0	0	4,466,000
Loss on Disposal of Assets	0	(696,000)	0	(696,000)
Interest Expense	(701,000)	(135,000)	(1,086,000)	(526,000)
Loss on Foreign Currency Transactions	(237,000)	(117,000)	(614,000)	(231,000)
Other, net	(17,000)	53,000	35,000	(11,000)
Other Income (Expense), net	(955,000)	(895,000)	(1,665,000)	3,002,000
Income (Loss) Before Income Taxes	391,000	(599,000)	1,681,000	7,484,000
Income Tax Provision (Benefit)	102,000	(174,000)	383,000	297,000
Net Income (Loss)	$ 289,000	$ (425,000)	$ 1,298,000	$ 7,187,000
Net Income (Loss) per Common Share—Basic:	$ 0.04	$ (0.06)	$ 0.18	$ 1
Net Income (Loss) per Common Share—Diluted:	$ 0.04	$ (0.06)	$ 0.18	$ 0.98
Weighted Average Number of Common Shares Outstanding:
Basic	7,324,089	7,234,045	7,299,277	7,196,066
Diluted	7,379,403	7,234,045	7,363,029	7,324,503

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 289	$ (425)	$ 1,298	$ 7,187
Other Comprehensive Loss, Net of Taxes:
Foreign Currency Translation Adjustments	(497)	(410)	(1,864)	(839)
Loss from Cash Flow Hedges Reclassified to Income Statement	16	16	47	47
Other Comprehensive Loss	(481)	(394)	(1,817)	(792)
Comprehensive Income (Loss)	$ (192)	$ (819)	$ (519)	$ 6,395

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Jan. 31, 2021	$ 74,683	$ 521	$ 58,049	$ 50,085	$ (33,588)	$ (384)
Beginning Balance, Shares at Jan. 31, 2021		10,425,094
Share-Based Compensation	478		478
Employee Option Exercises	52		52
Employee Option Exercises, Shares		5,746
Restricted Stock Awards Vested, net	(208)	$ 3	(3)		(208)
Restricted Stock Awards Vested, net, Shares		48,299
Net Income (Loss)	593			593
Other Comprehensive Loss	(65)					(65)
Ending Balance at May. 01, 2021	75,533	$ 524	58,576	50,678	(33,796)	(449)
Ending Balance, Shares at May. 01, 2021		10,479,139
Beginning Balance at Jan. 31, 2021	74,683	$ 521	58,049	50,085	(33,588)	(384)
Beginning Balance, Shares at Jan. 31, 2021		10,425,094
Net Income (Loss)	7,187
Other Comprehensive Loss	(792)
Ending Balance at Oct. 30, 2021	82,182	$ 528	59,502	57,272	(33,944)	(1,176)
Ending Balance, Shares at Oct. 30, 2021		10,556,891
Beginning Balance at May. 01, 2021	75,533	$ 524	58,576	50,678	(33,796)	(449)
Beginning Balance, Shares at May. 01, 2021		10,479,139
Share-Based Compensation	469		469
Employee Option Exercises	35		35
Employee Option Exercises, Shares		3,211
Restricted Stock Awards Vested, net	(146)	$ 4	(4)		(146)
Restricted Stock Awards Vested, net, Shares		72,125
Net Income (Loss)	7,019			7,019
Other Comprehensive Loss	(333)					(333)
Ending Balance at Jul. 31, 2021	82,577	$ 528	59,076	57,697	(33,942)	(782)
Ending Balance, Shares at Jul. 31, 2021		10,554,475
Share-Based Compensation	399		399
Employee Option Exercises	27		27
Employee Option Exercises, Shares		1,983
Restricted Stock Awards Vested, net	(2)				(2)
Restricted Stock Awards Vested, net, Shares		433
Net Income (Loss)	(425)			(425)
Other Comprehensive Loss	(394)					(394)
Ending Balance at Oct. 30, 2021	82,182	$ 528	59,502	57,272	(33,944)	(1,176)
Ending Balance, Shares at Oct. 30, 2021		10,556,891
Beginning Balance at Jan. 31, 2022	81,012	$ 528	59,692	56,514	(33,974)	(1,748)
Beginning Balance, Shares at Jan. 31, 2022		10,566,404
Share-Based Compensation	337		337
Employee Option Exercises	88	$ 1	87
Employee Option Exercises, Shares		11,164
Restricted Stock Awards Vested, net	(249)	$ 3	(3)		(249)
Restricted Stock Awards Vested, net, Shares		61,513
Net Income (Loss)	425			425
Other Comprehensive Loss	(917)					(917)
Ending Balance at Apr. 30, 2022	80,696	$ 532	60,113	56,939	(34,223)	(2,665)
Ending Balance, Shares at Apr. 30, 2022		10,639,081
Beginning Balance at Jan. 31, 2022	$ 81,012	$ 528	59,692	56,514	(33,974)	(1,748)
Beginning Balance, Shares at Jan. 31, 2022		10,566,404
Employee Option Exercises, Shares	36,444
Net Income (Loss)	$ 1,298
Other Comprehensive Loss	(1,817)					(1,817)
Ending Balance at Oct. 29, 2022	81,328	$ 534	60,774	57,812	(34,227)	(3,565)
Ending Balance, Shares at Oct. 29, 2022		10,669,689
Beginning Balance at Apr. 30, 2022	80,696	$ 532	60,113	56,939	(34,223)	(2,665)
Beginning Balance, Shares at Apr. 30, 2022		10,639,081
Share-Based Compensation	235		235
Restricted Stock Awards Vested, net		$ 1	(1)
Restricted Stock Awards Vested, net, Shares		20,410
Net Income (Loss)	584					584
Other Comprehensive Loss	(419)					(419)
Ending Balance at Jul. 30, 2022	81,096	$ 533	60,347	57,523	(34,223)	(3,084)
Ending Balance, Shares at Jul. 30, 2022		10,659,491
Share-Based Compensation	405		405
Employee Option Exercises	23	$ 1	22
Employee Option Exercises, Shares		9,097
Restricted Stock Awards Vested, net	(4)	$ 0	0		(4)
Restricted Stock Awards Vested, net, Shares		1,101
Net Income (Loss)	289					289
Other Comprehensive Loss	(481)					(481)
Ending Balance at Oct. 29, 2022	$ 81,328	$ 534	$ 60,774	$ 57,812	$ (34,227)	$ (3,565)
Ending Balance, Shares at Oct. 29, 2022		10,669,689

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021
Cash Flows from Operating Activities:
Net Income	$ 1,298	$ 7,187
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities:
Depreciation and Amortization	2,621	3,070
Amortization of Debt Issuance Costs	18	38
Share-Based Compensation	977	1,345
Loss on Disposal of Assets	0	696
Gain on Extinguishment of Debt	0	(4,466)
Changes in Assets and Liabilities, net of impact of acquisition:
Accounts Receivable	(1,874)	969
Other Receivable – Employee Retention Credit Receivable	3,135	(3,135)
Inventories	(11,695)	(1,804)
Income Taxes	142	(1,965)
Accounts Payable and Accrued Expenses	(1,207)	2,914
Other	(870)	(1,001)
Net Cash Used Provided (Used) by Operating Activities	(7,455)	3,848
Cash Flows from Investing Activities:
Cash Paid for Astro Machine Acquisition, net of acquired cash	(17,034)
Additions to Property, Plant and Equipment	(222)	(1,507)
Net Cash Used for Investing Activities	(17,256)	(1,507)
Cash Flows from Financing Activities:
Net Cash Proceeds from Employee Stock Option Plans	69	47
Net Cash Proceeds from Share Purchases under Employee Stock Purchase Plan	42	67
Net Cash Used for Payment of Taxes Related to Vested Restricted Stock	(253)	(356)
Net Borrowings under Revolving Credit Facility	19,900
Payment of Minimum Guarantee Royalty Obligation	(1,500)	(1,500)
Proceeds from Long-Term Debt Borrowings	6,000	10,000
Payoff of Long-Term Debt	0	(12,576)
Principal Payments of Long-Term Debt	(625)	(563)
Payment of Debt Issuance Costs	(15)	0
Net Cash Provided (Used) by for Financing Activities	23,618	(4,881)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	313	(172)
Net Decrease in Cash and Cash Equivalents	(780)	(2,712)
Cash and Cash Equivalents, Beginning of Period	5,276	11,439
Cash and Cash Equivalents, End of Period	4,496	8,727
Supplemental Disclosures of Cash Flow Information:
Cash Paid During the Period for Interest	440	268
Cash Paid During the Period for Income Taxes, Net of Refunds	$ 265	$ 2,243

Business and Basis of Presentat

Business and Basis of Presentation	9 Months Ended
	Oct. 29, 2022
Business and Basis Of Presentation [Abstract]
Business and Basis of Presentation	Note 1 – Business and Basis of Presentation Overview Headquartered in West Warwick, Rhode Island, AstroNova, Inc. leverages its expertise in data visualization technologies to design, develop, manufacture and distribute a broad range of specialty printers and data acquisition and analysis systems. Our products are employed around the world in a wide range of applications in the aerospace, apparel, automotive, avionics, chemical, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging, and transportation industries. Our business consists of two segments, Product Identification (“PI”) and Test & Measurement (“T&M”). The PI segment includes specialty printing systems and related supplies sold under the QuickLabel ® ® ™ ® PI products sold under the QuickLabel, TrojanLabel and GetLabels brands are used in brand owner and commercial applications to provide product packaging, marketing, tracking, branding, and labeling solutions to a wide array of industries. The PI segment offers a variety of digital color label tabletop printers, direct-to-package Our PI products are sold by direct field salespersons as well as independent dealers and representatives, while our T&M products are sold predominantly through direct sales and manufacturers’ representatives. In the United States, we have factory-trained direct field salespeople located throughout the country specializing in PI products. We also have direct field sales or service centers in Canada, China, Denmark, France, Germany, Malaysia, Mexico, Singapore, and the United Kingdom staffed by our own employees and dedicated third-party contractors. Additionally, we utilize over 200 independent dealers and representatives selling and marketing our products in over 60 countries. Unless otherwise indicated, references to “AstroNova”, “we,” “our,” and “us” in this Quarterly Report on Form 10-Q Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and reflect all adjustments consisting of normal recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the results of the interim periods included herein. These financial statements do not include all disclosures associated with annual financial statements and, accordingly, should be read in conjunction with our Annual Report on Form 10-K The presentation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes, including those that require consideration of forecasted financial information, in the context of the unknown future impacts of the continuing COVID-19 COVID-19 COVID-19 Results of operations for the interim periods presented herein are not necessarily indicative of the results that may be expected for the full year. Certain amounts in the prior year’s financial statements have been reclassified to conform to the current year’s presentation. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of AstroNova, Inc. and its wholly-owned subsidiaries. All significant intercompany accounts and transactions are eliminated in consolidation.

Summary of Significant Accounti

Summary of Significant Accounting Policies Update	9 Months Ended
	Oct. 29, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies Update	Note 2 – Summary of Significant Accounting Policies Update The accounting policies used in preparing the condensed consolidated financial statements in this Form 10-Q 10-K Recently Adopted Accounting Pronouncements No new accounting pronouncements, issued or effective during the first nine months of the current year, have had or are expected to have a material impact on our consolidated financial statements.

Acquisition

Acquisition	9 Months Ended
	Oct. 29, 2022
Business Combinations [Abstract]
Acquisition	Note 3 - Acquisition On August 4, 2022, we acquired Astro Machine LLC (“Astro Machine”), an Elk Grove Village, Illinois-based manufacturer of printing equipment, including labelers, tabbers, conveyors, and envelope feeders for aggregate consideration of $17.1 million. The acquisition was accomplished pursuant to an Equity Interest Purchase Agreement dated as of August 4, 2022 (the “Purchase Agreement”) by and among us, GSND Holding Corporation (“GSND”), the parent company of Astro Machine, and Astro Machine. Pursuant to the Purchase Agreement, we purchased 100% of the issued and outstanding equity interests of Astro Machine from GSND for a purchase price million. The acquisition was funded using borrowings under our credit facility. We obtained a representation and warranty insurance policy and placed of the purchase price into an escrow account, which pursuant to the terms and conditions of the Purchase Agreement, are our sole recourse for breaches of representations and warranties by GSND. Upon the closing of the transaction, Astro Machine became a wholly owned subsidiary of AstroNova, Inc. Concurrently with the signing of the Purchase Agreement, our newly acquired subsidiary, Astro Machine, entered into a Purchase and Sale Agreement with Selak Real Estate Limited Partnership (“SRE”), pursuant to which Astro Machine purchased certain real property assets of SRE for a purchase price, paid in cash, of $1.5 million. These real estate assets are comprised of a 34,460 square foot industrial manufacturing building (including offices) on 1.26 acres of land which is Astro Machine’s principal place of business. This transaction is a business combination and will be accounted for using the acquisition method of accounting prescribed by ASC Topic 805, Business Combinations (“ASC 805”), whereby the results of operations, including the revenues and earnings of Astro Machine, are included in our financial statements from the date of acquisition. The purchase price of Astro Machine will be allocated to the tangible and intangible assets acquired and liabilities assumed based on their fair value based on widely accepted valuation techniques in accordance with ASC Topic 820, Fair Value Measurements, at the acquisition date. Any excess of the purchase price over the fair value of the net identified assets acquired and liabilities assumed will be recorded as goodwill. The process for estimating fair values requires the use of significant estimates, assumptions and judgments, including determining the timing and estimates of future cash flows and developing appropriate discount rates. ASC 805 establishes a measurement period to provide companies with a reasonable amount of time to obtain the information necessary to identify and measure various items in a business combination and cannot extend beyond one year from the acquisition date. We expect to complete the final fair value determination of the assets acquired and liabilities assumed as soon as practicable within the measurement period and in any event not later than one year from the acquisition date. Total acquisition-related costs to date of million are included in the general and administrative expenses in our consolidated statement of income for the nine months ended October 29, 2022. The preliminary allocation of the purchase price as of October 29, 2022, is as follows: (In thousands) Cash $ 91 Accounts Receivable 3,393 Inventory 4,557 Property, Plant and Equipment 3,867 Identifiable Intangible Assets 1,000 Goodwill 6,567 Accounts Payable and Other Current Liabilities (2,350 ) Total Purchase Price $ 17,125 The amounts above are provisional and are based on information that is currently available. Management believes the information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but is waiting for additional information necessary to finalize those fair values. Therefore, the provisional measurements of fair value reflected are subject to change and such changes could be significanct. Management anticipates changes to the value of inventory, property, plant and equipment, deferred taxes and identifiable intangible assets as additional information is collected and analyzed and pending the completion of certain appraisals and a valuation report and expects to finalize the valuation and complete the purchase price allocation as soon as practicable but no later than one year from the acquisition. The following table reflects the preliminary fair value of the acquired identifiable intangible asset and related estimated useful lives: (In thousands) Fair Useful Life Customer Relations $ 1,000 7 The Customer Relations intangible asset represents the relationships that will be maintained with certain historical customers of Astro Machine. This amount was estimated by our management based upon information known as of the date of filing and is subject to change pending completion of the formal valuation report. Beginning August 4, 2022, the results of operations for Astro Machine have been included in our statement of income for the three and nine months ended October 29, 2022, and are reported as part of the Product Identification segment.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Oct. 29, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 4 – Revenue Recognition We derive revenue from the sale of (i) hardware, including digital color label printers and specialty OEM printing systems, portable data acquisition systems, and airborne printers and networking hardware used in the flight deck and cabin of military, commercial, and business aircraft, (ii) related supplies required in the operation of the hardware, (iii) repairs and maintenance of hardware and (iv) service agreements. Revenues disaggregated by primary geographic markets and major product types are as follows: Primary geographical markets: Three Months Ended Nine Months Ended (In thousands) October 29, October 30, October 29, October 30, United States $ 26,806 $ 17,280 $ 65,501 $ 51,154 Europe 7,341 7,163 22,642 23,588 Canada 2,253 1,724 6,333 4,761 Asia 1,392 1,473 4,118 4,523 Central and South America 1,311 814 3,222 2,569 Other 302 403 858 1,185 Total Revenue $ 39,405 $ 28,857 $ 102,674 $ 87,780 Major product types: Three Months Ended Nine Months Ended (In thousands) October 29, October 30, October 29, October 30, Hardware $ 11,947 $ 7,622 $ 29,885 $ 23,147 Supplies 22,945 18,055 60,055 54,944 Service and Other 4,513 3,180 12,734 9,689 Total Revenue $ 39,405 $ 28,857 $ 102,674 $ 87,780 Contract Assets and Liabilities We normally do not have contract assets, which are primarily unbilled accounts receivable that are conditional on something other than the passage of time. Our contract liabilities, which represent billings in excess of revenue recognized, are related to advanced billings for purchased service agreements and extended warranties. Contract liabilities were $362,000 and $262,000 at October 29, 2022, and January 31, 2022, respectively, and are recorded as deferred revenue in the accompanying condensed consolidated balance sheet. The increase in the deferred revenue balance during the nine months ended October 29, 2022, is due to cash payments received in advance of satisfying performance obligations in the current period, offset by $226,000 of revenue recognized during the period that was included in the deferred revenue balance at January 31, 2022. Contract Costs We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that certain costs related to obtaining sales contracts for our aerospace printer products meet the requirement to be capitalized. These costs are deferred and amortized over the remaining useful life of these contracts, which we currently estimate to be approximately 19 years as of October 29, 2022. The balance of these contract assets at January 31, 2022, was $1.3 million, and in the first quarter of the current year, we incurred an additional $0.1 million in contract costs that will be amortized over 19 years. During the three and nine months ended October 29, 2022, we amortized contract costs of $19,000 and $56,000, respectively. The balance of deferred incremental direct costs net of accumulated amortization at October 29, 2022, was $1.4 million, of which $0.1 million is reported in other current assets and $1.3 million is reported in other assets in the accompanying condensed consolidated balance sheet.

Net Income Per Common Share

Net Income Per Common Share	9 Months Ended
	Oct. 29, 2022
Earnings Per Share [Abstract]
Net Income Per Common Share	Note 5 – Net Income Per Common Share Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average number of shares and, if dilutive, common equivalent shares, determined using the treasury stock method for stock options, restricted stock awards, and restricted stock units outstanding during the period. A reconciliation of the shares used in calculating basic and diluted net income per share is as follows: Three Months Ended Nine Months Ended October 29, October 30, October 29, October 30, Weighted Average Common Shares Outstanding – Basic 7,324,089 7,234,045 7,299,277 7,196,066 Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units 55,314 — 63,752 128,437 Weighted Average Common Shares Outstanding – Diluted 7,379,403 7,234,045 7,363,029 7,324,503 For the three and nine months ended October 29, 2022, the diluted per share amounts do not reflect weighted average common equivalent shares outstanding of 540,407 and 602,510 , ,

Intangible Assets

Intangible Assets	9 Months Ended
	Oct. 29, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 6 – Intangible Assets Intangible assets are as follows: October 29, 2022 January 31, 2022 (In thousands) Gross Accumulated Currency Net Gross Accumulated Currency Net Miltope: Customer Contract Relationships $ 3,100 $ (2,711 ) $ — $ 389 $ 3,100 $ (2,515 ) $ — $ 585 RITEC: Customer Contract Relationships 2,830 (1,606 ) — 1,224 2,830 (1,557 ) — 1,273 TrojanLabel: Existing Technology 2,327 (2,004 ) 59 382 2,327 (1,767 ) 127 687 Distributor Relations 937 (565 ) (6 ) 366 937 (498 ) 46 485 Honeywell: Customer Contract Relationships 27,243 (11,702 ) — 15,541 27,243 (11,073 ) — 16,170 Astro Machine: Customer Relationships 1,000 (36 ) — 964 Intangible Assets, net $ 37,437 $ (18,625 ) $ 53 $ 18,866 $ 36,437 $ (17,410 ) $ 173 $ 19,200 There were no impairments to intangible assets during the periods ended October 29, 2022, and October 30, 2021. With respect to the acquired intangibles included in the table above, amortization expense of $0.4 million has been included in the condensed consolidated statements of income for each of the three month periods ended October 29, 2022, and October 30, 2021. Amortization expense of $1.2 million related to the above-acquired intangibles has been included in the accompanying condensed consolidated statement of income for each of the nine month periods ended October 29, 2022, and October 30, 2021. Estimated amortization expense for the next five fiscal years is as follows: (In thousands) Remaining 2024 2025 2026 2027 Estimated amortization expense $ 429 $ 1,778 $ 1,138 $ 1,138 $ 1,138

Inventories

Inventories	9 Months Ended
	Oct. 29, 2022
Inventory Disclosure [Abstract]
Inventories	Note 7 – Inventories Inventories are stated at the lower of cost (standard and average methods) and net realizable value and include material, labor, and manufacturing overhead. The components of inventories are as follows: (In thousands) October 29, 2022 January 31, 2022 Materials and Supplies $ 35,109 $ 22,709 Work-In-Process 1,214 1,489 Finished Goods 23,785 19,718 60,108 43,916 Inventory Reserve (10,116 ) (9,307 ) $ 49,992 $ 34,609

Credit Agreement and Debt

Credit Agreement and Debt	9 Months Ended
	Oct. 29, 2022
Debt Disclosure [Abstract]
Credit Agreement and Debt	Note 8 – Credit Agreement and Debt In connection with the purchase of Astro Machine, on August 4, 2022, we entered into a Second Amendment to Amended and Restated Credit Agreement (the “Second Amendment”) with Bank of America, N.A., as lender (the “Lender”). The Second Amendment amended the Amended and Restated Credit Agreement dated as of July 30, 2020, as amended by the First Amendment to Amended and Restated Credit Agreement, dated as of March 24, 2021, and the LIBOR Transition Amendment, dated as of December 24, 2021 (the “Existing Credit Agreement,” and the Existing Credit Agreement as amended by the Second Amendment, the “Amended Credit Agreement”), between the Company and the Lender. The Amended Credit Agreement provides for (i) a new term loan in the principal amount of $6.0 million, which term loan was million under the revolving credit facility, and the proceeds of such borrowings were used in part to pay the purchase price payable under the Purchase Agreement and certain related transaction costs. The revolving credit facility may otherwise be used for corporate purposes. The Amended Credit Agreement requires that the term loan be paid in quarterly installments on the last day of each of our fiscal quarters over the term of the Amended Credit Agreement on the following repayment schedule: the principal amount of each quarterly installment required to be paid on the last day of each of our fiscal quarters ending on or about October 31, 2022 through July 31, 2023 is $375,000; and the principal amount of each quarterly installment required to be paid on the last day of each of our fiscal quarters ending on or about October 31, 2023 through April 30, 2027 is $675,000. The entire remaining principal balance of the term loan is required to be paid on August 4, 2027. We may voluntarily prepay the term loan, in whole or in part, from time to time without premium or penalty (other than customary breakage costs, if applicable). We may repay borrowings under the revolving credit facility at any time without premium or penalty (other than customary breakage costs, if applicable), but in any event no later than August 4, 2027, and any outstanding revolving loans thereunder will be due and payable in full, and the revolving credit facility will terminate, on such date. We may reduce or terminate the revolving line of credit at any time, subject to certain thresholds and conditions, without premium or penalty. The interest rates under the Amended Credit Agreement are as follows: the term loan and revolving credit loans bear interest at a rate per annum equal to, at our option, either (a) the BSBY Rate as defined in the Amended Credit Agreement (or, in the case of revolving credit loans denominated in a currency other than U.S. Dollars, the applicable quoted rate), plus a margin that varies within a range of % to % based on our consolidated leverage ratio, or (b) a fluctuating reference rate equal to the highest of (i) the federal fund rate plus %, (ii) Bank of America’s publicly announced prime rate, (iii) the BSBY Rate plus %, or (iv) %, plus a margin that varies within a range of % to % based on our consolidated leverage ratio. In addition to certain other fees and expenses that we are required to pay to the Lender, we are required to pay a commitment fee on the undrawn portion of the revolving credit facility that varies within a range of % and % based on our consolidated leverage ratio. The loans under the Amended Credit Agreement are subject to certain mandatory prepayments, subject to various exceptions, from (a) net cash proceeds from certain dispositions of property, (b) net cash proceeds from certain issuances of equity, (c) net cash proceeds from certain issuances of additional debt and (d) net cash proceeds from certain extraordinary receipts. Amounts repaid under the revolving credit facility may be reborrowed, subject to continued compliance with the Amended Credit Agreement. No amount of the term loan that is repaid may be reborrowed. We must comply with various customary financial and non-financial non-financial The Lender is entitled to accelerate repayment of the loans and to terminate its revolving credit commitment under the Amended Credit Agreement upon the occurrence of any of various customary events of default, which include, among other events, the following (which are subject, in some cases, to certain grace periods): failure to pay when due any principal, interest or other amounts in respect of the loans, breach of any of our covenants or representations under the loan documents, default under any other of our or our subsidiaries’ significant indebtedness agreements, a bankruptcy, insolvency or similar event with respect to us or any of our subsidiaries, a significant unsatisfied judgment against us or any of our subsidiaries, or a change of control. Our obligations under the Amended Credit Agreement continue to be secured by substantially all of our personal property assets (including a pledge of the equity interests we hold in ANI ApS, AstroNova GmbH and AstroNova SAS), subject to certain exceptions, and by a mortgage on our owned real property in West Warwick, Rhode Island, and are guaranteed by, and secured by substantially all of the personal property assets of Astro Machine. Summary of Outstanding Debt Revolving Credit Facility During the first nine months of the current year, we borrowed a net of $19.9 million on our revolving line of credit. The balance outstanding under the revolving line of credit bore interest at a weighted average rate of 7.32% and 5.74% for the three and nine months ended October 29, 2022, respectively, and we incurred $341,000 and $409,000 for interest on this obligation during the three and nine months ended October 29, 2022, respectively. Additionally, during the nine months ended October 29, 2022, we incurred our Long-Term Debt Long-term debt in the accompanying condensed consolidated balance sheets is as follows: (In thousands) October 29, 2022 January 31, 2022 USD Term Loan (7.75% as of October 29, 2022); maturity date of August 4, 2027 $ 14,625 $ — USD Term Loan (2.35% as of January 31, 2022); maturity date of September 30, 2025 — 9,250 14,625 9,250 Debt Issuance Costs, net of accumulated amortization (93 ) (96 ) Current Portion of Term Loans (1,800 ) (1,000 ) Long-Term Debt $ 12,732 $ 8,154 D u The sch e m as as (In thousands) Fiscal 2023, remainder $ 375 Fiscal 2024 2,100 Fiscal 2025 2,700 Fiscal 2026 2,700 Fiscal 2027 2,700 Fiscal 2028 and beyond 4,050 $ 14,625

Paycheck Protection Program Loa

Paycheck Protection Program Loan	9 Months Ended
	Oct. 29, 2022
Debt Disclosure [Abstract]
Paycheck Protection Program Loan	Note 9 – Paycheck Protection Program Loan On May 6, 2020, we entered into a loan agreement with, and executed a promissory note in favor of Greenwood Credit Union (“Greenwood”) pursuant to which we borrowed $4.4 million (the “PPP Loan”) from Greenwood pursuant to the Paycheck Protection Program (“PPP”) administered by the United States Small Business Administration (the “SBA”) and authorized by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The PPP Loan, which would have been set to mature on May 6, 2022, was unsecured and bore interest at a rate of 1.0% per annum accruing from the loan date and would have been payable monthly. No payments were due on the PPP Loan until the date on which the lender determined the amount of the PPP Loan that was eligible for forgiveness. On June 15, 2021, Greenwood notified us that the SBA approved our application for forgiveness of the entire $4.4 million principal balance of our PPP Loan and all accrued interest thereon. As a result, we recorded a $4.5 million gain on extinguishment of debt in the accompanying condensed consolidated income statement for the nine months ended October 30, 2021.

Derivative Financial Instrument

Derivative Financial Instruments and Risk Management	9 Months Ended
	Oct. 29, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Risk Management	Note 10 – Derivative Financial Instruments and Risk Management In 2017, we entered into a cross-currency interest rate swap and an interest rate swap to manage the interest rate risk. On July 30, 2020, we terminated these two swaps. The terms of the A&R Credit Agreement caused those swaps to cease to be effective hedges of the underlying exposures. The termination of the swaps was contracted immediately prior to the end of the second quarter of fiscal 2021 at a cash cost of approximately $ million which was settled in the third quarter of fiscal 2021. Upon termination, the remaining balance of $ in accumulated other comprehensive loss related to the cross-currency interest rate swap was reclassified into earnings as the forecasted foreign currency interest payments will not occur. The $ million remaining balance in accumulated other comprehensive loss related to the interest rate swap is being amortized into earnings through the original term of the hedge relationship as the underlying floating interest rate debt still exists. At October 29, 2022, we have fully reclassified all of the net losses on the frozen OCI balance from accumulated other comprehensive loss to earnings associated with the terminated interest rate swap due to the payment of variable interest associated with the floating interest rate debt. The following table presents the impact of our derivative instruments in our condensed consolidated financial statements for the three and nine months ended October 29, 2022 and October 30, 2021: Three Months Ended Amount of Gain (Loss) Location of Amount of Gain (Loss) Cash Flow Hedge (In thousands) October 29, October 30, October 29, October 30, Swap contracts $ — $ — Other Expense $ (19 ) $ (20 ) Nine Months Ended Amount of Gain (Loss) Location of Amount of Gain (Loss) Cash Flow Hedge (In thousands) October 29, October 30, October 29, October 30, Swap contracts $ — $ — Other Expense $ (59 ) $ (60 )

Employee Retention Credit

Employee Retention Credit	9 Months Ended
	Oct. 29, 2022
Employee Retention Credit Disclosure [Abstract]
Employee Retention Credit	Note 11 – Employee Retention Credit The CARES Act provides an employee retention credit (“ERC”) that was a refundable tax credit against certain employer taxes. On December 27, 2020, Congress enacted the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which amended and extended ERC availability under Section 2301 of the CARES Act. Before the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, we were ineligible for the ERC because we received the PPP Loan. Following the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, we and other businesses that received loans under that program became retroactively eligible for the ERC. As a result of the foregoing legislation, we became eligible to claim a refundable tax credit against the employer’s share of Social Security taxes equal to seventy percent ( 70 We evaluated our eligibility for the ERC in the second quarter of calendar year 2021. In order to qualify for the ERC, we needed to experience a 20% reduction in gross receipts from either (1) the same quarter in calendar year 2019 or (2) the immediately preceding quarter to the corresponding calendar quarter in 2019. We determined that we qualified for the employee retention credit under the first scenario for wages paid in calendar year 2020 and the first calendar quarter of 2021. In the second quarter of fiscal 2022, we amended certain payroll tax filings and applied for a refund of $3.1 million. Since there is no US GAAP guidance for for-profit We recorded a $3.1 million receivable in the second quarter of fiscal 2022 for the ERC receivable and recognized a reduction in employer payroll taxes which was allocated to the financial statement captions from which the employee’s taxes were originally incurred. As a result, we recorded a reduction in expenses of $1.7 million in cost of revenue, $0.8 million in selling and marketing, $0.3 million in research and development and $0.3 million in general and administrative in the accompanying condensed consolidated income statement for the nine month period ended October 30, 2021. On March 22, 2022, we received payment of the $3.1 million ERC.

Royalty Obligation

Royalty Obligation	9 Months Ended
	Oct. 29, 2022
Royalty Obligation Disclosure [Abstract]
Royalty Obligation	Note 12 – Royalty Obligation In fiscal 2018, we entered into an Asset Purchase and License Agreement with Honeywell to acquire an exclusive, perpetual, worldwide license to manufacture Honeywell’s narrow-format flight deck printers for two aircraft families along with certain inventory used in the manufacturing of the licensed printers. The purchase price included a guaranteed minimum royalty payment of $15.0 million, to be paid over ten years, based on gross revenues from the sales of the printers, paper, and repair services of the licensed products. The royalty rates vary based on the year in which they are paid or earned, and product sold or service provided, and range from single-digit to mid-double-digit The guaranteed minimum royalty payment obligation was recorded at the present value of the minimum annual royalty payments using a present value factor of 2.8%, which is based on the estimated after-tax

Leases

Leases	9 Months Ended
	Oct. 29, 2022
Leases [Abstract]
Leases	Note 13 – Leases We enter into lease contracts for certain of our facilities at various locations worldwide. Our leases have remaining lease terms of one to six years, some of which include options to extend the lease term for periods of up to five years when it is reasonably certain that we will exercise such options. Balance sheet and other information related to our leases is as follows: Operating Leases (In thousands) Balance Sheet Classification October 29, January 31, Lease Assets Right of Use Assets $ 800 $ 1,094 Lease Liabilities – Current Other Liabilities and Accrued Expenses 291 327 Lease Liabilities – Long Term Lease Liabilities 550 808 Lease cost information is as follows: Three Months Ended Nine Months Ended Operating Leases (In thousands) Statement of Income Classification October 29, October 29, Operating Lease Costs General and Administrative Expense $ 115 $ 350 Three Months Ended Nine Months Ended Operating Leases (In thousands) Statement of Income Classification October 30, 2021 October 30, 2021 Operating Lease Costs General and Administrative Expense $ 125 $ 386 Maturities of operating lease liabilities are as follows: (In thousands) Fiscal 2023, remaining $ 74 Fiscal 2024 286 Fiscal 2025 186 Fiscal 2026 142 Fiscal 2027 137 Thereafter 85 Total Lease Payments 910 Less: Imputed Interest (69 ) Total Lease Liabilities $ 841 As of October 29, 2022, the weighted-average remaining lease term and weighted-average discount rate for our operating leases are 3.9 years and 3.86%, respectively. We calculated the weighted-average discount rate using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collateralized basis over a similar term. Supplemental cash flow information related to leases is as follows: Three Months Ended Nine Months Ended (In thousands) October 29, October 29, Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 74 $ 237 Three Months Ended Nine Months Ended (In thousands) October 30, 2021 October 30, 2021 Cash paid for am o Operating cash flows for operating leases $ 85 $ 285

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Oct. 29, 2022
Equity [Abstract]
Accumulated Other Comprehensive Loss	Note 14 – Accumulated Other Comprehensive Loss The changes in the balance of accumulated other comprehensive loss (“AOCL”) by component are as follows: (In thousands) Foreign Currency Cash Total Balance at January 31, 2022 $ (1,701 ) $ (47 ) $ (1,748 ) Other Comprehensive Loss before reclassification (1,864 ) — (1,864 ) Amounts reclassified from AOCL to Earnings — 47 47 Other Comprehensive Income (Loss) (1,864 ) 47 (1,817 ) Balance at October 29, 2022 $ (3,565 ) $ — $ (3,565 ) The amounts presented above in other comprehensive loss are net of taxes except for translation adjustments associated with our German, Danish and Shanghai subsidiaries.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 29, 2022
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Note 15 – Share-Based Compensation We have one equity incentive plan from which we are authorized to grant equity awards, the AstroNova, Inc. 2018 Equity Incentive Plan (the “2018 Plan”). The 2018 Plan provides for, among other things, the issuance of awards, including incentive stock options, non-qualified In addition to the 2018 Plan, we previously granted equity awards under our 2015 Equity Incentive Plan (the “2015 Plan”) and our 2007 Equity Incentive Plan (the “2007 Plan”). No new awards may be issued under either the 2007 or 2015 plans, but outstanding awards will continue to be governed by those plans. As of October 29, 2022, options to purchase an aggregate of 283,274 shares were outstanding under the 2007 Plan and options to purchase an aggregate of 135,325 shares were outstanding under the 2015 Plan. We also have a Non-Employee non-employee re-election date. Share-based compensation expense was recognized as follows: Three Months Ended Nine Months Ended (In thousands) October 29, October 30, October 29, October 30, Stock Options $ — $ 25 $ 7 $ 187 Restricted Stock Awards and Restricted Stock Units 401 369 963 1,147 Employee Stock Purchase Plan 4 4 7 11 Total $ 405 $ 398 $ 977 $ 1,345 Stock Options Aggregated information regarding stock option activity for the nine months ended October 29, 2022 is summarized below: Number of Weighted Average Outstanding at January 31, 2022 598,043 $ 14.67 Exercised (36,444 ) 8.41 Forfeited (5,100 ) 15.38 Expired (2,400 ) 8.09 Outstanding at October 29, 2022 554,099 $ 15.10 Set forth below is a summary of options outstanding at October 29, 2022: Outstanding Exercisable Range of Exercise prices Number Weighted- Weighted- Number Weighted- Weighted $ 10.01-15.00 339,549 $ 13.62 3.1 339,549 $ 13.62 3.1 $ 15.01-20.00 214,550 $ 17.45 5.1 214,550 $ 17.45 5.1 554,099 $ 15.10 3.9 554,099 $ 15.10 3.9 There were no stock options granted in either fiscal 2022 or during the nine months ended October 29, 2022, and as of October 29, 2022, there was no unrecognized compensation expense related to stock options. Restricted Stock Units (RSUs) and Restricted Stock Awards (RSAs) Aggregated information regarding RSU and RSA activity for the nine months ended October 29, 2022 is summarized below: RSAs & RSUs Weighted Average Outstanding at January 31, 2022 220,980 $ 12.79 Granted 141,371 12.68 Vested (83,024 ) 13.41 Forfeited (1,100 ) 11.77 Outstanding at October 29, 2022 278,227 $ 12.55 As of October 29, 2022, there was approximately $1.9 million of unrecognized compensation expense related to RSUs and RSAs which is expected to be recognized over a weighted average period of 1.0 years. Employee Stock Purchase Plan On June 7, 2022, we adopted the AstroNova Inc., 2022 Employee Stock Purchase Plan (“2022 ESPP”) to replace our previous Employee Stock Purchase Plan (the “Prior ESPP”). The 2022 ESPP allows eligible employees to purchase shares of common stock at a 15% discount from fair value on the first or last day of an offering period, whichever is less. A total of 40,000 shares were reserved for issuance under this plan and 2,288 shares were purchased under the 2022 ESSP during the nine month period ended October 29, 2022. During the nine month periods ended October 29, 2022 and October 30, 2021, there were 1,550 and 5,684 shares, respectively, purchased under the Prior ESPP, and no additional purchases may be made under that plan. As of October 29, 2022, 37,712 shares remain available for purchase under the 2022 ESPP.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 29, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 16 – Income Taxes Our effective tax rates for the period are as follows: Three Months Nine Months Fiscal 2023 26.0 % 22.8 % Fiscal 2022 29.0 % 4.0 % We determine our estimated annual effective tax rate at the end of each interim period based on full-year forecasted pre-tax year-to-date pre-tax During the three months ended October 29, 2022, we recognized an income tax expense of $102,000 . The effective tax rate in this period was directly impacted by our jurisdictional mix of earnings tax benefit arising from windfall tax benefit related to our stock. During the three months ended October 30, 2021, we recognized an income tax benefit of approximately The effective tax rate in this period was directly impacted by a significant decrease in forecasted operating results for our fiscal 2022 as compared to operating results forecasted at the end of our third quarter of fiscal 2022. During the nine months ended October 29, 2022, we recognized an income tax expense . The effective tax rate in this period was directly impacted by our jurisdictional mix of earnings tax benefit related to the expiration of the statute of limitations on previously uncertain tax positions tax benefit arising from a windfall tax benefit related to our stock, and tax expense relating to a revaluation of deferred taxes. During the nine months ended October 30, 2021, we recognized an income tax expense of approximately The effective tax rate in this period was directly impacted by a significant decrease in forecasted operating results for our fiscal 2022 as compared to operating results forecasted at the end of our third quarter of fiscal 2022 million tax benefit arising from a windfall tax benefit related to our stock, tax benefit related to return to provision adjustments from foreign tax returns filed in the year, and a $0.3 million tax benefit related to the expiration of the statute of limitations on previously uncertain tax positions. The PPP Loan forgiveness recognized was excluded from taxable income under Section 1106(i) of the CARES Act.

Segment Information

Segment Information	9 Months Ended
	Oct. 29, 2022
Segment Reporting [Abstract]
Segment Information	Note 17 – Segment Information We report two segments: Product Identification (“PI”) and Test & Measurement (“T&M”). We evaluate segment performance based on the segment profit (loss) before corporate expenses. Summarized below are the Revenue and Segment Operating Profit for each reporting segment: Three Months Ended Nine Months Ended Revenue Segment Operating Profit (Loss) Revenue Segment Operating Profit (Loss) (In thousands) October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Product Identification $ 29,879 $ 21,928 $ 2,960 $ 1,818 $ 74,985 $ 68,519 $ 6,019 $ 8,952 T&M 9,526 6,929 1,711 842 27,689 19,261 5,783 2,902 Total $ 39,405 $ 28,857 4,671 2,660 $ 102,674 $ 87,780 11,802 11,854 Corporate Expenses 3,325 2,364 8,456 7,372 Operating Income 1,346 296 3,346 4,482 Other Income (Expense), Net (955 ) (895 ) (1,665 ) 3,002 Income (Loss) Before Income Taxes 391 (599 ) 1,681 7,484 Income Tax Provision (Benefit) 102 (174 ) 383 297 Net Income (Loss) $ 289 $ (425 ) $ 1,298 $ 7,187

Fair Value

Fair Value	9 Months Ended
	Oct. 29, 2022
Fair Value Disclosures [Abstract]
Fair Value	Note 18 – Fair Value Assets and Liabilities Not Recorded at Fair Value Our long-term debt, including the current portion of long-term debt not reflected in the financial statements at fair value, is reflected in the table below: October 29, 2022 Fair Value Measurement (In thousands) Level 1 Level 2 Level 3 Total Carrying Long-Term debt and related current maturities $ — $ — $ 14,667 $ 14,667 $ 14,625 January 31, 2022 Fair Value Measurement (In thousands) Level 1 Level 2 Level 3 Total Carrying Long-Term debt and related current maturities $ — $ — $ 9,255 $ 9,255 $ 9,250 The fair value of our long-term debt, including the current portion, is estimated by discounting the future cash flows using current interest rates at which similar loans with the same maturities would be made to borrowers with similar credit ratings and is classified as Level 3.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies Update (Policies)	9 Months Ended
	Oct. 29, 2022
Accounting Policies [Abstract]
Principles of Consolidation	The accompanying condensed consolidated financial statements include the accounts of AstroNova, Inc. and its wholly-owned subsidiaries. All significant intercompany accounts and transactions are eliminated in consolidation.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements No new accounting pronouncements, issued or effective during the first nine months of the current year, have had or are expected to have a material impact on our consolidated financial statements.

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Oct. 29, 2022
Business Combinations [Abstract]
Summary of Preliminary Allocation of the Purchase Price	The preliminary allocation of the purchase price as of October 29, 2022, is as follows: (In thousands) Cash $ 91 Accounts Receivable 3,393 Inventory 4,557 Property, Plant and Equipment 3,867 Identifiable Intangible Assets 1,000 Goodwill 6,567 Accounts Payable and Other Current Liabilities (2,350 ) Total Purchase Price $ 17,125
Summary of Preliminary Fair Value of the Acquired Identifiable Intangible Asset	The following table reflects the preliminary fair value of the acquired identifiable intangible asset and related estimated useful lives: (In thousands) Fair Useful Life Customer Relations $ 1,000 7

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Oct. 29, 2022
Revenue from Contract with Customer [Abstract]
Summary of Revenues Disaggregated by Primary Geographic Markets and Major Product Type	Primary geographical markets: Three Months Ended Nine Months Ended (In thousands) October 29, October 30, October 29, October 30, United States $ 26,806 $ 17,280 $ 65,501 $ 51,154 Europe 7,341 7,163 22,642 23,588 Canada 2,253 1,724 6,333 4,761 Asia 1,392 1,473 4,118 4,523 Central and South America 1,311 814 3,222 2,569 Other 302 403 858 1,185 Total Revenue $ 39,405 $ 28,857 $ 102,674 $ 87,780 Major product types: Three Months Ended Nine Months Ended (In thousands) October 29, October 30, October 29, October 30, Hardware $ 11,947 $ 7,622 $ 29,885 $ 23,147 Supplies 22,945 18,055 60,055 54,944 Service and Other 4,513 3,180 12,734 9,689 Total Revenue $ 39,405 $ 28,857 $ 102,674 $ 87,780

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	9 Months Ended
	Oct. 29, 2022
Earnings Per Share [Abstract]
Summary of Basic and Diluted Net Income Per Share	A reconciliation of the shares used in calculating basic and diluted net income per share is as Three Months Ended Nine Months Ended October 29, October 30, October 29, October 30, Weighted Average Common Shares Outstanding – Basic 7,324,089 7,234,045 7,299,277 7,196,066 Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units 55,314 — 63,752 128,437 Weighted Average Common Shares Outstanding – Diluted 7,379,403 7,234,045 7,363,029 7,324,503

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Oct. 29, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Fair Value of Acquired Identifiable Intangible Assets and Related Estimated Useful Lives	Intangible assets are as follows: October 29, 2022 January 31, 2022 (In thousands) Gross Accumulated Currency Net Gross Accumulated Currency Net Miltope: Customer Contract Relationships $ 3,100 $ (2,711 ) $ — $ 389 $ 3,100 $ (2,515 ) $ — $ 585 RITEC: Customer Contract Relationships 2,830 (1,606 ) — 1,224 2,830 (1,557 ) — 1,273 TrojanLabel: Existing Technology 2,327 (2,004 ) 59 382 2,327 (1,767 ) 127 687 Distributor Relations 937 (565 ) (6 ) 366 937 (498 ) 46 485 Honeywell: Customer Contract Relationships 27,243 (11,702 ) — 15,541 27,243 (11,073 ) — 16,170 Astro Machine: Customer Relationships 1,000 (36 ) — 964 Intangible Assets, net $ 37,437 $ (18,625 ) $ 53 $ 18,866 $ 36,437 $ (17,410 ) $ 173 $ 19,200
Summary of Estimated Amortization Expense	Estimated amortization expense for the next five fiscal years is as follows: (In thousands) Remaining 2024 2025 2026 2027 Estimated amortization expense $ 429 $ 1,778 $ 1,138 $ 1,138 $ 1,138

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 29, 2022
Inventory Disclosure [Abstract]
Components of Inventories	Inventories are stated at the lower of cost (standard and average methods) and net realizable value and include material, labor, and manufacturing overhead. The components of inventories are as follows: (In thousands) October 29, 2022 January 31, 2022 Materials and Supplies $ 35,109 $ 22,709 Work-In-Process 1,214 1,489 Finished Goods 23,785 19,718 60,108 43,916 Inventory Reserve (10,116 ) (9,307 ) $ 49,992 $ 34,609

Credit Agreement and Debt (Tabl

Credit Agreement and Debt (Tables)	9 Months Ended
	Oct. 29, 2022
Debt Disclosure [Abstract]
Schedule of Long Term Debt in the Accompanying Condensed Consolidated Balance Sheets	Long-term debt in the accompanying condensed consolidated balance sheets is as follows: (In thousands) October 29, 2022 January 31, 2022 USD Term Loan (7.75% as of October 29, 2022); maturity date of August 4, 2027 $ 14,625 $ — USD Term Loan (2.35% as of January 31, 2022); maturity date of September 30, 2025 — 9,250 14,625 9,250 Debt Issuance Costs, net of accumulated amortization (93 ) (96 ) Current Portion of Term Loans (1,800 ) (1,000 ) Long-Term Debt $ 12,732 $ 8,154
Schedule of Required Principal Payments Remaining on Long Term Debt Outstanding	The sch e m as as (In thousands) Fiscal 2023, remainder $ 375 Fiscal 2024 2,100 Fiscal 2025 2,700 Fiscal 2026 2,700 Fiscal 2027 2,700 Fiscal 2028 and beyond 4,050 $ 14,625

Derivative Financial Instrume_2

Derivative Financial Instruments and Risk Management (Tables)	9 Months Ended
	Oct. 29, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Impact of the Derivative Instruments in the Condensed Consolidated Financial Statements	The following table presents the impact of our derivative instruments in our condensed consolidated financial statements for the three and nine months ended October 29, 2022 and October 30, 2021: Three Months Ended Amount of Gain (Loss) Location of Amount of Gain (Loss) Cash Flow Hedge (In thousands) October 29, October 30, October 29, October 30, Swap contracts $ — $ — Other Expense $ (19 ) $ (20 ) Nine Months Ended Amount of Gain (Loss) Location of Amount of Gain (Loss) Cash Flow Hedge (In thousands) October 29, October 30, October 29, October 30, Swap contracts $ — $ — Other Expense $ (59 ) $ (60 )

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 29, 2022
Leases [Abstract]
Schedule Of Balance Sheet And Other Information Related To Operating Leases	Balance sheet and other information related to our leases is as follows: Operating Leases (In thousands) Balance Sheet Classification October 29, January 31, Lease Assets Right of Use Assets $ 800 $ 1,094 Lease Liabilities – Current Other Liabilities and Accrued Expenses 291 327 Lease Liabilities – Long Term Lease Liabilities 550 808
Schedule Lease Cost Information	Lease cost information is as follows: Three Months Ended Nine Months Ended Operating Leases (In thousands) Statement of Income Classification October 29, October 29, Operating Lease Costs General and Administrative Expense $ 115 $ 350 Three Months Ended Nine Months Ended Operating Leases (In thousands) Statement of Income Classification October 30, 2021 October 30, 2021 Operating Lease Costs General and Administrative Expense $ 125 $ 386
Schedule of Maturities Of Lease Liabilities	Maturities of operating lease liabilities are as follows: (In thousands) Fiscal 2023, remaining $ 74 Fiscal 2024 286 Fiscal 2025 186 Fiscal 2026 142 Fiscal 2027 137 Thereafter 85 Total Lease Payments 910 Less: Imputed Interest (69 ) Total Lease Liabilities $ 841
Supplemental Cash Flow Information Related To Leases	Supplemental cash flow information related to leases is as follows: Three Months Ended Nine Months Ended (In thousands) October 29, October 29, Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 74 $ 237 Three Months Ended Nine Months Ended (In thousands) October 30, 2021 October 30, 2021 Cash paid for am o Operating cash flows for operating leases $ 85 $ 285

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Oct. 29, 2022
Equity [Abstract]
Changes in Balance of Accumulated Other Comprehensive Loss	The changes in the balance of accumulated other comprehensive loss (“AOCL”) by component are as follows: (In thousands) Foreign Currency Cash Total Balance at January 31, 2022 $ (1,701 ) $ (47 ) $ (1,748 ) Other Comprehensive Loss before reclassification (1,864 ) — (1,864 ) Amounts reclassified from AOCL to Earnings — 47 47 Other Comprehensive Income (Loss) (1,864 ) 47 (1,817 ) Balance at October 29, 2022 $ (3,565 ) $ — $ (3,565 )

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 29, 2022
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation Expense	Share-based compensation expense was recognized as follows: Three Months Ended Nine Months Ended (In thousands) October 29, October 30, October 29, October 30, Stock Options $ — $ 25 $ 7 $ 187 Restricted Stock Awards and Restricted Stock Units 401 369 963 1,147 Employee Stock Purchase Plan 4 4 7 11 Total $ 405 $ 398 $ 977 $ 1,345
Aggregated Information Regarding Stock Options Granted	Aggregated information regarding stock option activity for the nine months ended October 29, 2022 is summarized below: Number of Weighted Average Outstanding at January 31, 2022 598,043 $ 14.67 Exercised (36,444 ) 8.41 Forfeited (5,100 ) 15.38 Expired (2,400 ) 8.09 Outstanding at October 29, 2022 554,099 $ 15.10
Summary of Options Outstanding	Set forth below is a summary of options outstanding at October 29, 2022: Outstanding Exercisable Range of Exercise prices Number Weighted- Weighted- Number Weighted- Weighted $ 10.01-15.00 339,549 $ 13.62 3.1 339,549 $ 13.62 3.1 $ 15.01-20.00 214,550 $ 17.45 5.1 214,550 $ 17.45 5.1 554,099 $ 15.10 3.9 554,099 $ 15.10 3.9
Aggregated Information Regarding RSUs and RSAs Granted	Aggregated information regarding RSU and RSA activity for the nine months ended October 29, 2022 is summarized below: RSAs & RSUs Weighted Average Outstanding at January 31, 2022 220,980 $ 12.79 Granted 141,371 12.68 Vested (83,024 ) 13.41 Forfeited (1,100 ) 11.77 Outstanding at October 29, 2022 278,227 $ 12.55

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Oct. 29, 2022
Income Tax Disclosure [Abstract]
Projected Effective Tax Rate for Periods	Our effective tax rates for the period are as follows: Three Months Nine Months Fiscal 2023 26.0 % 22.8 % Fiscal 2022 29.0 % 4.0 %

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 29, 2022
Segment Reporting [Abstract]
Net Sales and Segment Operating Profit (Loss) for Each Reporting Segment	Summarized below are the Revenue and Segment Operating Profit for each reporting segment: Three Months Ended Nine Months Ended Revenue Segment Operating Profit (Loss) Revenue Segment Operating Profit (Loss) (In thousands) October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Product Identification $ 29,879 $ 21,928 $ 2,960 $ 1,818 $ 74,985 $ 68,519 $ 6,019 $ 8,952 T&M 9,526 6,929 1,711 842 27,689 19,261 5,783 2,902 Total $ 39,405 $ 28,857 4,671 2,660 $ 102,674 $ 87,780 11,802 11,854 Corporate Expenses 3,325 2,364 8,456 7,372 Operating Income 1,346 296 3,346 4,482 Other Income (Expense), Net (955 ) (895 ) (1,665 ) 3,002 Income (Loss) Before Income Taxes 391 (599 ) 1,681 7,484 Income Tax Provision (Benefit) 102 (174 ) 383 297 Net Income (Loss) $ 289 $ (425 ) $ 1,298 $ 7,187

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Oct. 29, 2022
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value	Our long-term debt, including the current portion of long-term debt not reflected in the financial statements at fair value, is reflected in the table below: October 29, 2022 Fair Value Measurement (In thousands) Level 1 Level 2 Level 3 Total Carrying Long-Term debt and related current maturities $ — $ — $ 14,667 $ 14,667 $ 14,625 January 31, 2022 Fair Value Measurement (In thousands) Level 1 Level 2 Level 3 Total Carrying Long-Term debt and related current maturities $ — $ — $ 9,255 $ 9,255 $ 9,250 The fair value of our long-term debt, including the current portion, is estimated by discounting the future cash flows using current interest rates at which similar loans with the same maturities would be made to borrowers with similar credit ratings and is classified as Level 3.

Business and Basis of Present_2

Business and Basis of Presentation - Additional Information (Detail) $ in Thousands		9 Months Ended
	Aug. 04, 2022 USD ($)	Oct. 29, 2022 USD ($) Segment
Number of Operating Segments | Segment		2
Business Combination, Consideration Transferred		$ 17,034
Astro Machine LLC [Member]
Business Combination, Consideration Transferred	$ 17,100

Acquisition - Summary of Prelim

Acquisition - Summary of Preliminary Allocation of the Purchase Price (Detail) $ in Thousands	Oct. 29, 2022 USD ($)
Business Acquisition [Line Items]
Cash	$ 91
Accounts Receivable	3,393
Inventory	4,557
Property, Plant and Equipment	3,867
Identifiable Intangible Assets	1,000
Goodwill	6,567
Accounts Payable and Other Current Liabilities	(2,350)
Total Purchase Price	$ 17,125

Acquisition - Summary of Preli

Acquisition - Summary of Preliminary Fair Value of the Acquired Identifiable Intangible Asset (Detail) - Customer Relationships [Member] $ in Thousands	9 Months Ended
	Oct. 29, 2022 USD ($)
Acquired Indefinite-Lived Intangible Assets [Line Items]
Fair Value	$ 1,000
Useful Life (Years)	7 years

Acquisition - Additional Inform

Acquisition - Additional Information (Detail)		9 Months Ended
	Aug. 04, 2022 USD ($) ft²	Oct. 29, 2022 USD ($)
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		$ 17,034,000
Area of Land | ft²	34,460
Agreement With Astro Machine For Asset Acquisitions [Member]
Business Acquisition [Line Items]
Purchase price of acquisition	$ 15,600,000
Business Combination, Consideration Transferred	$ 17,100,000
Payments to Acquire Businesses, Gross	100%
Purchase price into an escrow account	$ 300,000
Payments to Acquire Additional Interest in Subsidiaries	$ 1,500,000
Number of Acres of land		1.26 acres
Agreement With Astro Machine For Asset Acquisitions [Member] | General and Administrative Expense [Member]
Business Acquisition [Line Items]
Business Combination, Acquisition Related Costs		$ 700,000

Revenue Recognition - Summary o

Revenue Recognition - Summary of Revenues Disaggregated by Primary Geographic Markets (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 31, 2021	Oct. 30, 2021
Disaggregation of Revenue [Line Items]
Total Revenue	$ 39,405	$ 28,857	$ 102,674	$ 87,780	$ 87,780
United States [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	26,806	17,280	65,501		51,154
Europe [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	7,341	7,163	22,642		23,588
Canada [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	2,253	1,724	6,333		4,761
Asia [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,392	1,473	4,118		4,523
Central and South America [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,311	814	3,222		2,569
Other [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 302	$ 403	$ 858		$ 1,185

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Revenues Disaggregated by Primary Product Type (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 31, 2021	Oct. 30, 2021
Disaggregation of Revenue [Line Items]
Total Revenue	$ 39,405	$ 28,857	$ 102,674	$ 87,780	$ 87,780
Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	11,947	7,622	29,885		23,147
Supplies [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	22,945	18,055	60,055		54,944
Service and Other [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 4,513	$ 3,180	$ 12,734		$ 9,689

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Oct. 29, 2022	Oct. 29, 2022	Jan. 31, 2022
Contract liabilities and extended warranties	$ 362,000	$ 362,000	$ 262,000
Contract with customer liability revenue recognized including additions	226,000	226,000
Contract assets balance	1,300,000	1,300,000	$ 1,300,000
Additional contract costs	100,000	100,000
Amortization of incremental direct costs	19,000	56,000
Deferred incremental direct contract costs reported in other current assets	100,000	100,000
Capitalized contract cost net long term and short term	$ 1,400,000	$ 1,400,000
Capitalized contract costs additional amounts incurred amortization period		19 years

Net Income Per Common Share - R

Net Income Per Common Share - Reconciliation of Shares Used in Calculating Basic and Diluted (Detail) - shares	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Weighted Average Common Shares Outstanding – Basic	7,324,089	7,234,045	7,299,277	7,196,066
Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units	55,314	0	63,752	128,437
Weighted Average Common Shares Outstanding – Diluted	7,379,403	7,234,045	7,363,029	7,324,503

Net Income Per Common Share - A

Net Income Per Common Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Number of common equivalent shares	540,407	189,827	602,510	362,935
Common Stock [Member]
Number of common equivalent shares		144,955

Intangible Assets - Fair Value

Intangible Assets - Fair Value of Acquired Identifiable Intangible Assets and Related Estimated Useful Lives (Detail) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 37,437	$ 36,437
Accumulated Amortization	(18,625)	(17,410)
Currency Translation Adjustment	53	173
Net Carrying Amount	18,866	19,200
Customer Contract Relationships [Member] | Honeywell Asset Purchase and License Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	27,243	27,243
Accumulated Amortization	(11,702)	(11,073)
Net Carrying Amount	15,541	16,170
Customer Contract Relationships [Member] | Miltope [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,100	3,100
Accumulated Amortization	(2,711)	(2,515)
Net Carrying Amount	389	585
Customer Contract Relationships [Member] | RITEC [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,830	2,830
Accumulated Amortization	(1,606)	(1,557)
Net Carrying Amount	1,224	1,273
Existing Technology [Member] | TrojanLabel ApS [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,327	2,327
Accumulated Amortization	(2,004)	(1,767)
Currency Translation Adjustment	59	127
Net Carrying Amount	382	687
Distributor Relations [Member] | TrojanLabel ApS [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	937	937
Accumulated Amortization	(565)	(498)
Currency Translation Adjustment	(6)	46
Net Carrying Amount	366	$ 485
Customer Relationships [Member] | Agreement With Astro Machine For Asset Acquisitions [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,000
Accumulated Amortization	(36)
Net Carrying Amount	$ 964

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 31, 2021	Oct. 30, 2021
Intangible Assets [Line Items]
Impairments of intangible assets			$ 0		$ 0
Amortization expense	$ 400	$ 400	$ 1,200	$ 1,200

Intangible Assets - Summary of

Intangible Assets - Summary of Estimated Amortization Expense (Detail) $ in Thousands	Oct. 29, 2022 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining 2023	$ 429
2024	1,778
2025	1,138
2026	1,138
2027	$ 1,138

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 31, 2022
Inventory Disclosure [Abstract]
Materials and Supplies	$ 35,109	$ 22,709
Work-In-Process	1,214	1,489
Finished Goods	23,785	19,718
Inventory, Gross	60,108	43,916
Inventory Reserve	(10,116)	(9,307)
Inventories	$ 49,992	$ 34,609

Credit Agreement and Debt - Sch

Credit Agreement and Debt - Schedule of Long Term Debt in the Accompanying Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 31, 2022
Debt Instrument [Line Items]
USD Term Loan	$ 14,625	$ 9,250
Debt Issuance Costs, net of accumulated amortization	(93)	(96)
Current Portion of Term Loans	(1,800)	(1,000)
Long-Term Debt	12,732	8,154
Term Loan Due September 30, 2025 [Member]
Debt Instrument [Line Items]
USD Term Loan	0	9,250
Term Loan Due August 4, 2027 [Member]
Debt Instrument [Line Items]
USD Term Loan	$ 14,625	$ 0

Credit Agreement and Debt - S_2

Credit Agreement and Debt - Schedule of Required Principal Payments Remaining on Long Term Debt Outstanding (Detail) - Term Loan [Member] $ in Thousands	Oct. 29, 2022 USD ($)
Debt Instrument [Line Items]
Fiscal 2023, remainder	$ 375
Fiscal 2024	2,100
Fiscal 2025	2,700
Fiscal 2026	2,700
Fiscal 2027	2,700
Fiscal 2028 and beyond	4,050
Long-term Debt	$ 14,625

Credit Agreement and Debt - Add

Credit Agreement and Debt - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended				42 Months Ended
	Aug. 04, 2022	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2021	Jul. 31, 2023	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2021	Apr. 30, 2027
Debt Instrument [Line Items]
Revolving loan outstanding		$ 19,900		$ 0		$ 19,900		$ 0
Interest Expense, Debt		266,000	$ 50,000			384,000	$ 230,000
Proceeds from long term line of credit						$ 19,900
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Variable interest rate						0.50
LIBOR [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate						1%
Federal Funds Effective Swap Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate						0.50%
Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Commitment fee rate						0.15%
Percentage added to variable rate						0.60%
Minimum [Member] | LIBOR [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate						1.60%
Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Commitment fee rate						0.35%
Percentage added to variable rate						1.50%
Maximum [Member] | LIBOR [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate						2.50%
Bank of America, N.A. [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, principal Periodic payment					$ 375,000				$ 675,000
Bank of America, N.A. [Member] | Term Loan [Member] | Additional Term Loan Availed [Member] | Second Amendment Credit Agreement [Member]
Debt Instrument [Line Items]
Principal amount of debt	$ 6,000
Bank of America, N.A. [Member] | Term Loan [Member] | Before Amendement To The Credit Agreement [Member]
Debt Instrument [Line Items]
Principal amount of debt		9,000				$ 9,000
Bank of America, N.A. [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity		$ 5,100				$ 5,100
Long term debt weighted average interest rate over a period of time		7.32%				5.74%
Bank of America, N.A. [Member] | Revolving Credit Facility [Member] | Second Amendment Credit Agreement [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	25,000
Proceeds from long term line of credit	$ 12,400					$ 6,000
Bank of America, N.A. [Member] | Revolving Credit Facility [Member] | Before Amendement To The Credit Agreement [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 22,500				22,500
Bank of America, N.A. [Member] | Revolving Credit Facility [Member] | Other Expense [Member]
Debt Instrument [Line Items]
Interest Expense, Debt		$ 341,000		$ 0		409,000		0
Line of Credit Facility, Commitment Fee Amount						$ 25,000		$ 38,000

Paycheck Protection Program L_2

Paycheck Protection Program Loan - Additional information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021	May 06, 2020
Extinguishment of Debt – PPP Loan	$ 0	$ 0	$ 0	$ 4,466
Paycheck Protection Program Loan [Member] | Green wood Credit Union [Member]
Debt instrument face amount					$ 4,400
Loan, payment terms			The PPP Loan, which would have been set to mature on May 6, 2022, was unsecured and bore interest at a rate of 1.0% per annum accruing from the loan date
Loan, maturity date			May 06, 2022
Loan, interest rate	1%		1%
Loan, payments due			$ 0
Amount of PPP loan forgiven			4,400
Extinguishment of Debt – PPP Loan			$ 4,500

Derivative Financial Instrume_3

Derivative Financial Instruments and Risk Management - Additional Information (Detail) - USD ($)		3 Months Ended
	Jul. 30, 2020	Oct. 30, 2021
Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cash paid termination of swaps		$ 700,000
Cross Currency Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest Rate Swap Termination	$ 200,000
Cross Currency Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Reclassified from Accumulated OCI into Income (Expense)		$ 58,000

Derivative Financial Instrume_4

Derivative Financial Instruments and Risk Management - Schedule of Impact of the Derivative Instruments in the Condensed Consolidated Financial Statements (Detail) - Cash Flow Hedge [Member] - Cross Currency Interest Rate Contract [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ 0	$ 0	$ 0	$ 0
Location of Gain Reclassified from Accumulated OCI into Income (Expense)	Other Expense		Other Expense
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	$ (19)	$ (20)	$ (59)	$ (60)

Employee Retention Credit - Add

Employee Retention Credit - Additional Information (Detail) - USD ($) $ in Thousands			1 Months Ended	6 Months Ended	9 Months Ended
	Mar. 22, 2022	Oct. 30, 2021	Jul. 31, 2021	Jun. 30, 2021	Oct. 29, 2022
Employee Retention Credit Disclosure [Line Items]
Erc Receivables	$ 3,100	$ 3,100
Cost of Sales [Member]
Employee Retention Credit Disclosure [Line Items]
Employee retention credit receivables		1,700
Selling and Marketing Expense [Member]
Employee Retention Credit Disclosure [Line Items]
Employee Retention Credit Receivable - selling and marketing					$ 800
Research and Development Expense [Member]
Employee Retention Credit Disclosure [Line Items]
Employee Retention Credit Receivable - research and development		$ 300
General and Administrative Expense [Member]
Employee Retention Credit Disclosure [Line Items]
Employee Retention Credit Receivable - general and administrative expenses					$ 300
Cares Act [Member]
Employee Retention Credit Disclosure [Line Items]
Percentage of refundable tax credit can be claimed of qualified wages				70%
Threshold qualified wages per employee per calendar quarter				$ 10,000
Maximum threshold employee retention credit per employee per calendar quarter				$ 7,000
Percentage of reduction of gross Receipts to qualify for employee retention credit			20%
Cares Act [Member] | Prepaid Expenses and Other Current Assets [Member]
Employee Retention Credit Disclosure [Line Items]
Employee retention credit received	$ 3,100

Royalty Obligation - Additional

Royalty Obligation - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	Jan. 31, 2018	Oct. 29, 2022	Oct. 29, 2022	Jan. 31, 2022
Royalty Obligation, Current		$ 1,750	$ 1,750	$ 2,000
Royalty Obligation Non Current		3,298	3,298	$ 4,361
Guaranteed Minimum Royalty Payment		9,000
Excess Royaltie paid			900
Honeywell Asset Purchase and License Agreement [Member]
Payment Term Period	10 years
Minimum Royalty Payment Obligation	$ 15,000
Fair Value Assumption Percentage Of Present Value Factor	2.80%
Royalty Obligation, Current		1,800	1,800
Royalty Obligation Non Current		3,300	3,300
Accrued Royalties, Current, Excess Royalty Payment Due		300	300
Excess Royalty Payments Incurred		$ 300	$ 900

Leases - Additional Information

Leases - Additional Information (Detail)	Oct. 29, 2022
Operating Lease, Weighted Average Remaining Lease Term	3 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	3.86%

Leases - Schedule Of Balance Sh

Leases - Schedule Of Balance Sheet And Other Information Related To Operating Leases (Detail) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 31, 2022
Operating Leases [Abstract]
Right of Use Assets	$ 800	$ 1,094
Other Liabilities and Accrued Expenses	291	327
Lease Liabilities	$ 550	$ 808

Leases - Lease Cost Information

Leases - Lease Cost Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
General and Administrative Expense [Member]
Operating Lease Costs	$ 115	$ 125	$ 350	$ 386

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Detail) $ in Thousands	Oct. 29, 2022 USD ($)
Leases [Abstract]
Fiscal 2023, remaining	$ 74
Fiscal 2024	286
Fiscal 2025	186
Fiscal 2026	142
Fiscal 2027	137
Thereafter	85
Total Lease Payments	910
Less: Imputed Interest	(69)
Total Lease Liabilities	$ 841

Leases - Supplemental cash flow

Leases - Supplemental cash flow information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities [Abstract]
Operating cash flows for operating leases	$ 74	$ 85	$ 237	$ 285

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in Balance of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended							9 Months Ended
	Oct. 29, 2022	Oct. 29, 2022	Jul. 30, 2022	Apr. 30, 2022	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Oct. 29, 2022	Oct. 30, 2021
Schedule of Capitalization, Equity [Line Items]
Beginning Balance		$ 81,096	$ 80,696	$ 81,012	$ 82,577	$ 75,533	$ 74,683	$ 81,012	$ 74,683
Other Comprehensive Loss	$ (481)	(481)	(419)	(917)	(394)	(333)	(65)	(1,817)	(792)
Ending Balance	81,328	81,328	81,096	80,696	82,182	82,577	75,533	81,328	82,182
Foreign Currency Translation Adjustments [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance				(1,701)				(1,701)
Other Comprehensive Loss before reclassification								(1,864)
Other Comprehensive Loss								(1,864)
Ending Balance	(3,565)	(3,565)						(3,565)
Net Unrealized Gain/(Loss) on Cash Flow Hedges [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance				(47)				(47)
Amounts reclassified from AOCL to Earnings								47
Other Comprehensive Loss								47
Ending Balance	0	0						0
Accumulated Other Comprehensive Income (Loss) [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance		(3,084)	(2,665)	(1,748)	(782)	(449)	(384)	(1,748)	(384)
Other Comprehensive Loss before reclassification								(1,864)
Amounts reclassified from AOCL to Earnings								47
Other Comprehensive Loss		(481)	(419)	(917)	(394)	(333)	(65)	(1,817)
Ending Balance	$ (3,565)	$ (3,565)	$ (3,084)	$ (2,665)	$ (1,176)	$ (782)	$ (449)	$ (3,565)	$ (1,176)

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021	Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding	554,099		554,099		598,043
Number of options granted	0		0
Reservation of shares under Stock Purchase Plan			40,000
Restricted Stock or Unit Expense	$ 401,000	$ 369,000	$ 963,000	$ 1,147,000
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Stock Purchase Plan discount rate			15%
2007 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding	283,274		283,274
2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant under the Plan	950,000		950,000
Number of shares outstanding	135,500		135,500
2022 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchase under Employee Stock Purchase Plan			2,288
Shares available for grant under the Plan	37,712		37,712
Prior Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchase under Employee Stock Purchase Plan			1,550	5,684
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense to be recognized, Weighted average period			1 year
Unrecognized compensation expense related to RSUs and RSAs	$ 1,900,000		$ 1,900,000
Restricted Stock Units (RSUs) [Member] | 2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unvested shares	128,262		128,262
RSA [Member] | 2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding	135,325		135,325
RSA [Member] | 2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unvested shares	21,172		21,172
Performance Based RSUs [Member] | 2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unvested shares	128,793		128,793
Restricted Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock or Unit Expense			$ 65,000

Share-Based Compensation - Shar

Share-Based Compensation - Share-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Share-based Compensation [Abstract]
Stock Options	$ 0	$ 25	$ 7	$ 187
Restricted Stock Awards and Restricted Stock Units	401	369	963	1,147
Employee Stock Purchase Plan	4	4	7	11
Total	$ 405	$ 398	$ 977	$ 1,345

Share-Based Compensation - Aggr

Share-Based Compensation - Aggregated Information Regarding Stock Options Granted (Detail)	9 Months Ended
	Oct. 29, 2022 $ / shares shares
Share-based Compensation [Abstract]
Beginning balance, Number of Options | shares	598,043
Exercised, Number of Options | shares	(36,444)
Forfeited, Number of Options | shares	(5,100)
Expired, Number of Options | shares	(2,400)
Ending balance, Number of Options | shares	554,099
Beginning balance, Weighted-Average Exercise Price Per Share | $ / shares	$ 14.67
Exercised, Weighted-Average Exercise Price Per Share | $ / shares	8.41
Forfeited, Weighted-Average Exercise Price Per Share | $ / shares	15.38
Expired, Weighted-Average Exercise Price Per Share | $ / shares	8.09
Ending balance, Weighted-Average Exercise Price Per Share | $ / shares	$ 15.1

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Options Outstanding (Detail) - $ / shares	9 Months Ended
	Oct. 29, 2022	Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding, total	554,099	598,043
Outstanding, Weighted Average Exercise Price	$ 15.1
Exercisable, Weighted Average Exercise Price	$ 15.1
Outstanding Remaining Contractual Life	3 years 10 months 24 days
Number of shares exercisable, total	554,099
Exercisable Remaining Contractual Life	3 years 10 months 24 days
$10.01 - $15.00 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Range of Exercise prices, Lower Limit	$ 10.01
Outstanding Range of Exercise prices, Upper Limit	$ 15
Outstanding, Number of shares	339,549
Outstanding, Weighted Average Exercise Price	$ 13.62
Exercisable, Weighted Average Exercise Price	$ 13.62
Outstanding Remaining Contractual Life	3 years 1 month 6 days
Exercisable, Number of shares	339,549
Exercisable Remaining Contractual Life	3 years 1 month 6 days
$15.01 - $20.00 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Range of Exercise prices, Lower Limit	$ 15.01
Outstanding Range of Exercise prices, Upper Limit	$ 20
Outstanding, Number of shares	214,550
Outstanding, Weighted Average Exercise Price	$ 17.45
Exercisable, Weighted Average Exercise Price	$ 17.45
Outstanding Remaining Contractual Life	5 years 1 month 6 days
Exercisable, Number of shares	214,550
Exercisable Remaining Contractual Life	5 years 1 month 6 days

Share-Based Compensation - Ag_2

Share-Based Compensation - Aggregated Information Regarding RSUs and RSAs Granted (Detail) - Restricted Stock Award And Restricted Stock Unit [Member]	9 Months Ended
	Oct. 29, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Outstanding Restricted Stock Units and Restricted Stock Awards | shares	220,980
Granted, Restricted Stock Units and Restricted Stock Awards | shares	141,371
Vested, Restricted Stock Units and Restricted Stock Awards | shares	(83,024)
Forfeited, Restricted Stock Units and Restricted Stock Awards | shares	(1,100)
Ending balance, Outstanding Restricted Stock Units and Restricted Stock Awards | shares	278,227
Beginning balance, Weighted Average Grant Date Fair Value | $ / shares	$ 12.79
Granted, Weighted Average Grant Date Fair Value | $ / shares	12.68
Vested, Weighted Average Grant Date Fair Value | $ / shares	13.41
Forfeited, Weighted Average Grant Date Fair Value | $ / shares	11.77
Ending balance, Weighted Average Grant Date Fair Value | $ / shares	$ 12.55

Income Taxes - Projected Effect

Income Taxes - Projected Effective Tax Rate for Periods (Detail)	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rates for income from continuing operations	26%	29%	22.80%	4%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 29, 2022	Oct. 31, 2021	Oct. 30, 2021
Income tax expense (benefit)	$ 102,000	$ (174,000)	$ 383,000	$ 383,000	$ 297,000	$ 297,000
Tax benefit related to the reversal of previously uncertain tax positions				13,000		30,000
Tax expense resulting from shortfall				300,000
Tax expenses benefits resulting from provisional adjustments				51,000		100,000
Effective income tax reconciliation tax expense due to revaluation of deferred tax assets	$ 30,000			$ 38,000
Forgiveness Of Loan Under Paycheck Protection Programme [Member]
Tax benefits resulting from forgiveness of debt						$ 1,100,000

Segment Information - Net Sales

Segment Information - Net Sales and Segment Operating Profit (Loss) for Each Reporting Segment (Detail) - USD ($)	3 Months Ended							6 Months Ended	9 Months Ended
	Oct. 29, 2022	Oct. 29, 2022	Jul. 30, 2022	Apr. 30, 2022	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Oct. 29, 2022	Oct. 29, 2022	Oct. 31, 2021	Oct. 30, 2021
Segment Reporting Information [Line Items]
Revenue	$ 39,405,000				$ 28,857,000				$ 102,674,000	$ 87,780,000	$ 87,780,000
Corporate Expenses	3,325,000				2,364,000				8,456,000		7,372,000
Operating Income	1,346,000				296,000				3,346,000	4,482,000	4,482,000
Other Income (Expense), Net	(955,000)				(895,000)				(1,665,000)	3,002,000	3,002,000
Income (Loss) Before Income Taxes	391,000				(599,000)				1,681,000	7,484,000	7,484,000
Income Tax Provision (Benefit)	102,000				(174,000)			$ 383,000	383,000	297,000	297,000
Net Income (Loss)	289,000	$ 289,000	$ 584,000	$ 425,000	(425,000)	$ 7,019,000	$ 593,000		1,298,000	7,187,000	$ 7,187,000
Product Identification [Member]
Segment Reporting Information [Line Items]
Revenue	29,879,000				21,928,000				74,985,000	68,519,000
T&M [Member]
Segment Reporting Information [Line Items]
Revenue	9,526,000				6,929,000				27,689,000	19,261,000
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating Income	4,671,000				2,660,000				11,802,000	11,854,000
Operating Segments [Member] | Product Identification [Member]
Segment Reporting Information [Line Items]
Operating Income	2,960,000				1,818,000				6,019,000	8,952,000
Operating Segments [Member] | T&M [Member]
Segment Reporting Information [Line Items]
Operating Income	1,711,000				842,000				5,783,000	2,902,000
Corporate Expenses [Member]
Segment Reporting Information [Line Items]
Corporate Expenses	$ 3,325,000				$ 2,364,000				$ 8,456,000	$ 7,372,000

Fair Value - Schedule of Compan

Fair Value - Schedule of Company's Long-Term Debt Including the Current Portion Not Reflected in Financial Statements at Fair Value (Detail) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 31, 2022
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-Term debt and related current maturities	$ 14,667	$ 9,255
Fair Value [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-Term debt and related current maturities	14,667	9,255
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-Term debt and related current maturities	$ 14,625	$ 9,250