Annual report pursuant to Section 13 and 15(d)

Severance and Restructuring Costs

v3.21.1
Severance and Restructuring Costs
12 Months Ended
Jan. 31, 2021
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 $1.5 million and $0.2 million in fiscal 2021 and 2020, respectively and were primarily related to the departure of former employees. The severance charges in fiscal 2021 included $1.3 million of expense in relation to the reduction in headcount driven by the COVID-19 pandemic.

Restructuring Costs

Restructuring charges incurred were $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. There were less than $0.1 million in restructuring charges in fiscal 2021.

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, 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

 

Restructuring charges incurred

 

 

2

 

 

 

 

 

 

 

 

 

2

 

Cash payments

 

 

(737

)

 

 

 

 

 

 

 

 

(737

)

Other charges

 

 

(9

)

 

 

 

 

 

 

 

 

(9

)

Accrued balance as of January 31, 2021

 

$

 

 

$

 

 

$

 

 

$