Annual report pursuant to Section 13 and 15(d)

Severance and Restructuring Costs

v3.20.1
Severance and Restructuring Costs
12 Months Ended
Jan. 31, 2020
Restructuring And Related Activities [Abstract]  
Severance and Restructuring Costs

7.

Severance and Restructuring Costs

Severance Costs

Severance charges incurred, unrelated to a restructuring plan, were $0.2 million and $0.8 million in fiscal 2020 and 2019, respectively. These charges were primarily related to the departure of former employees.

Restructuring Costs

During the third quarter of fiscal 2019, we announced and implemented cost-saving actions (the “2019 Restructuring Plan”). The primary element of the 2019 Restructuring Plan was staff reductions across all functions and geographic areas. We incurred restructuring charges of $1.6 million in fiscal 2019, primarily for employee-related benefits for terminated employees. We incurred restructuring charges of $3.4 million in fiscal 2020 primarily related to the closing of our service organizations in Ireland and the Netherlands in a continued effort to streamline operations.

The following table shows the change in balances of our accrued restructuring 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, 2018

 

$

61

 

 

$

135

 

 

$

29

 

 

$

225

 

Restructuring charges incurred

 

 

1,565

 

 

 

7

 

 

 

36

 

 

 

1,608

 

Cash payments

 

 

(965

)

 

 

(142

)

 

 

(65

)

 

 

(1,172

)

Other charges

 

 

(8

)

 

 

 

 

 

 

 

 

(8

)

Accrued balance as of January 31, 2019

 

 

653

 

 

 

 

 

 

 

 

 

653

 

Restructuring charges incurred

 

 

2,995

 

 

 

113

 

 

 

259

 

 

 

3,367

 

Cash payments

 

 

(2,877

)

 

 

(6

)

 

 

(259

)

 

 

(3,142

)

Other charges

 

 

(27

)

 

 

(107

)

 

 

 

 

 

(134

)

Accrued balance as of January 31, 2020

 

$

744

 

 

$

 

 

$

 

 

$

744