Current report filing

Property and Equipment

v3.22.2.2
Property and Equipment
 12 Months Ended
Jan. 31, 2022
Property and Equipment  
Property and Equipment

(8) Property and Equipment

Property and equipment consists of the following (in thousands):

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Successor

  

  

Predecessor (SLH)

 

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January 31, 2022

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January 31, 2021

 

Computer equipment

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$

4,035

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$

5,696

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Furniture and fixtures

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2,592

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1,404

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Leasehold improvements

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3,889

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2,740

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Construction in progress

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2,669

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—

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13,185

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9,840

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Less accumulated depreciation and amortization

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(1,710)

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(2,131)

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$

11,475

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$

7,709

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Construction in progress at January 31, 2022 and 2021 consisted primarily of costs related to the purchase of certain assets that have not yet been put into service.

Depreciation expense related to property and equipment was $4.2 million, $1.8 million $2.3 million, $2.7 million, and $5.0 million for the period from June 12, 2021 through January 31, 2022 (Successor), the period from February 1, 2021 through June 11, 2021 (Predecessor (SLH)),  the period from August 28, 2020 through January 31, 2021 (Predecessor (SLH)), the period February 1, 2020 through August 27, 2020 (Predecessor (PL)), and the fiscal year ended January 31, 2020 (Predecessor (PL)), respectively. Amortization expense for assets acquired under finances leases are included in total depreciation expense.