Annual report pursuant to Section 13 and 15(d)

Severance and Other Restructuring Costs

v2.4.1.9
Severance and Other Restructuring Costs
12 Months Ended
Jan. 31, 2015
Restructuring and Related Activities [Abstract]  
Severance and Other Restructuring Costs

7. Severance and Other Restructuring Costs

During fiscal 2015, we incurred restructuring charges totaling $3.6 million. These charges included $3.4 million of severance costs for terminated employees. In addition, we incurred $0.2 million of other restructuring charges primarily due to the write off of leasehold improvements.

As announced in February 2015, we initiated a global restructuring plan to streamline our operations. The reduction in our domestic work force was implemented in January 2015 and estimated charges were recorded. We will implement an international reduction in workforce in fiscal 2016 and expect to incur future restructuring charges.

 

The following table shows the change in balances of our accrued severance reported as a component of other accrued expenses on the consolidated balance sheets (amounts in thousands):

 

Accrual balance as of January 31, 2014

$ 229   

Restructuring charges incurred

  3,623   

Severance costs paid

  (1,605

Other charges

  (226
  

 

 

 

Accrual balance as of January 31, 2015

$ 2,021