Quarterly report pursuant to Section 13 or 15(d)

Severance and Restructuring Costs

v3.19.2
Severance and Restructuring Costs
6 Months Ended
Jul. 31, 2019
Restructuring And Related Activities [Abstract]  
Severance and Restructuring Costs

9.

Severance and Restructuring Costs

During the three and six months ended July 31, 2019, we incurred severance and restructuring costs of $0.7 million and $0.9 million, respectively, primarily for employee-related benefits for terminated employees, partially offset by the reversal of deferred rent.  In September 2018, we announced that we implemented cost-savings actions during the third quarter of fiscal 2019 (the “2019 Restructuring Program”). The primary element of this restructuring program was staff reductions across all of our functions and geographic areas and the program was substantially completed at the end of the first six months of fiscal 2020. Costs incurred in the 2019 Restructuring Program during the three and six months ended July 31, 2019 amounted to $0.7 million and $0.8 million, respectively.

The following table shows the change in accrued balances since January 31, 2019 of our 2019 Restructuring Program, reported as a component of other accrued expenses on the consolidated balance sheets:

 

 

 

Employee-

Related

Benefits

 

 

Closure of

Leased

Facilities

 

 

Other

Restructuring

 

 

Total

 

 

 

(Amounts in thousands)

 

Accrued balance as of January 31, 2019

 

$

653

 

 

$

 

 

$

 

 

$

653

 

Restructuring charges incurred

 

 

834

 

 

 

(125

)

 

 

90

 

 

 

799

 

Cash payments

 

 

(1,077

)

 

 

 

 

 

(90

)

 

 

(1,167

)

Other charges

 

 

(7

)

 

 

125

 

 

 

 

 

 

118

 

Accrued balance as of July 31, 2019

 

$

403

 

 

$

 

 

$

 

 

$

403