Quarterly report pursuant to Section 13 or 15(d)

Severance and Restructuring Costs

v3.21.2
Severance and Restructuring Costs
6 Months Ended
Jul. 31, 2021
Restructuring And Related Activities [Abstract]  
Severance and Restructuring Costs

8.

Severance and Restructuring Costs

During the three and six months ended July 31, 2021, we incurred severance costs of less than $0.1 million and $0.2 million, respectively, and restructuring costs of $0.1 million and $0.4 million, respectively, primarily for employee-related termination benefits in relation to the restructuring of our finance department and expenses related to the closure of our leased facility in Waltham, Massachusetts.

The following table shows the change in accrued restructuring balances since January 31, 2021 primarily related to our finance department restructuring efforts and closure of our leased headquarters facility, reported as a component of accrued expenses on the consolidated balance sheets:

 

 

 

Employee-

Related

Benefits

 

 

Closure of

Leased

Facilities

 

 

Total

 

 

 

(Amounts in thousands)

 

Accrued balance as of January 31, 2021

 

$

 

 

$

 

 

$

 

Restructuring charges incurred

 

 

147

 

 

 

463

 

 

 

610

 

Cash payments

 

 

(115

)

 

 

(463

)

 

 

(578

)

Accrued balance as of July 31, 2021

 

$

32

 

 

$

 

 

$

32