CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) |
3 Months Ended | 5 Months Ended | 7 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|---|
Apr. 30, 2021 |
Apr. 30, 2020 |
Jan. 31, 2021 |
Aug. 27, 2020 |
Jan. 31, 2020 |
Jan. 31, 2019 |
|
| SOFTWARE LUXEMBOURG HOLDING S.A. (SUCCESSOR) AND POINTWELL LIMITED (PREDECESSOR) | ||||||
| Cash flows from operating activities: | ||||||
| Net (loss) income | $ (37,405,000) | $ (433,903,000) | $ (93,722,000) | $ 2,764,012,000 | $ (849,205,000) | $ (399,839,000) |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
| Depreciation | 2,419,000 | 2,631,000 | 3,604,000 | 5,864,000 | 9,716,000 | 12,666,000 |
| Amortization of intangible assets | 34,943,000 | 17,370,000 | 39,824,000 | 34,378,000 | 96,359,000 | 151,752,000 |
| Change in bad debt reserve | (293,000) | (240,000) | 294,000 | 24,000 | (42,000) | 184,000 |
| Benefit from income taxes | (3,355,000) | (9,880,000) | ||||
| Non-cash interest expense | 335,000 | 1,415,000 | 671,000 | 2,407,000 | 5,687,000 | 5,555,000 |
| Impairment of goodwill and intangible assets | 332,376,000 | 332,376,000 | 440,598,000 | 16,094,000 | ||
| Right-of-use assets | 477,000 | 1,235,000 | 2,690,000 | 1,594,000 | ||
| Changes in current assets and liabilities: | ||||||
| Accounts receivable | 87,373,000 | 79,329,000 | (103,385,000) | 116,478,000 | 23,678,000 | 13,310,000 |
| Prepaid expenses and other assets | (2,481,000) | (3,377,000) | (6,394,000) | 66,000 | (2,547,000) | (1,707,000) |
| Accounts payable | 2,781,000 | (1,962,000) | (31,000) | (7,909,000) | (6,581,000) | 6,279,000 |
| Accrued expenses and non-current liabilities | (19,422,000) | 85,679,000 | 21,190,000 | 145,811,000 | 250,694,000 | 221,496,000 |
| Lease liability | (864,000) | (1,480,000) | (3,272,000) | (2,332,000) | ||
| Deferred revenue | (24,832,000) | (44,429,000) | 172,614,000 | (101,765,000) | (21,145,000) | (18,904,000) |
| Net cash used in operating activities | 39,676,000 | 24,764,000 | 8,180,000 | 3,917,000 | (37,413,000) | 10,059,000 |
| Cash flows from investing activities: | ||||||
| Purchases of property and equipment | (386,000) | (1,827,000) | (2,326,000) | (3,105,000) | (10,353,000) | (14,142,000) |
| Internal use software development costs | (1,494,000) | (1,917,000) | (2,126,000) | (3,819,000) | (7,047,000) | (8,410,000) |
| Net cash provided by investing activities | (1,880,000) | (3,744,000) | (4,452,000) | (6,924,000) | (17,400,000) | (22,552,000) |
| Cash flows from financing activities: | ||||||
| Borrowings under DIP Facility | 60,000,000 | |||||
| Borrowings under Exit Facility | 50,000,000 | |||||
| Debt issuance costs associated with DIP and Exit Facilities | (19,524,000) | |||||
| Distribution to parent company | (2,771,000) | |||||
| Principal repayments of capital lease obligations | (263,000) | (222,000) | (414,000) | (532,000) | (756,000) | |
| Repayments of accounts receivable facility, net of borrowings | (2,876,000) | (13,003,000) | ||||
| Borrowings under revolving line of credit, net of repayments | 19,500,000 | 19,500,000 | 55,400,000 | (26,600,000) | ||
| Principal payments on Term Loans | (1,300,000) | (6,641,000) | (4,938,000) | |||
| Net cash provided by financing activities | (4,439,000) | 6,275,000 | (32,463,000) | 73,657,000 | 57,801,000 | 27,633,000 |
| Effect of exchange rate changes on cash and cash equivalents | (140,000) | (1,602,000) | 863,000 | (2,139,000) | 348,000 | (535,000) |
| Net Change in Cash | 33,217,000 | 25,693,000 | (27,872,000) | 68,511,000 | 3,336,000 | 14,605,000 |
| Cash, cash equivalents and restricted cash, beginning of period | 74,443,000 | 33,804,000 | 102,315,000 | 33,804,000 | 30,468,000 | 15,863,000 |
| Cash, cash equivalents and restricted cash, end of period | 107,660,000 | 59,497,000 | 74,443,000 | 102,315,000 | 33,804,000 | 30,468,000 |
| Supplemental disclosure of cash flow information: | ||||||
| Cash and cash equivalents | 105,004,000 | 47,000,000 | 71,479,000 | 92,009,000 | 18,799,000 | 15,584,000 |
| Restricted cash | 2,656,000 | 12,497,000 | ||||
| Cash, cash equivalents and restricted cash, end of period | 107,660,000 | 59,497,000 | 74,443,000 | 102,315,000 | 33,804,000 | 30,468,000 |
| Supplemental disclosure of cash flow information and non-cash investing and financing activities: | ||||||
| Cash paid for interest | 11,050,000 | 18,908,000 | 175,748,000 | 167,670,000 | ||
| Cash paid for income taxes, net of refunds | 838,000 | 516,000 | 2,336,000 | 913,000 | (2,069,000) | 3,421,000 |
| Unpaid capital expenditures | $ 212,000 | 572,000 | $ 166,000 | 1,039,000 | $ 170,000 | $ 889,000 |
| Lease liabilities arising from right-of-use assets and tenant improvements recognized upon adoption of new accounting standard | $ 19,415,000 | $ 19,415,000 | ||||
| X | ||||||||||
- Definition Amount of borrowings under DIP facility. No definition available.
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- Definition Amount of borrowings under exit facility. No definition available.
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- Definition Amount of change in bad debt reserve. No definition available.
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- Definition Amount of debt issuance costs associated with DIP and exit facilities. No definition available.
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- Definition Amount of increase decrease lease liabilities. No definition available.
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- Definition Amount of lease liabilities arising from right of use assets and tenant improvements recognized upon adoption of new accounting standard. No definition available.
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- Definition Amount of non cash current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. No definition available.
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- Definition Amount of noncash unpaid capital expenditures. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies. Excludes amounts for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash paid for interest, including, but not limited to, capitalized interest and payment to settle zero-coupon bond attributable to accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount; classified as operating and investing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition Amount of amortization expense for right-of-use asset from operating lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash outflow associated with the development, modification or acquisition of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Repayments of securitizations of receivables treated as collateralized borrowings, which are classified as financing transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow for the obligation for a lease meeting the criteria for capitalization (with maturities exceeding one year or beyond the operating cycle of the entity, if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Details
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