Annual report pursuant to Section 13 and 15(d)

Note 13 - Restructuring

Note 13 - Restructuring
12 Months Ended
Jan. 31, 2023
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]

(13) Restructuring


In connection with strategic initiatives implemented during the fiscal year ended January 31, 2023 (Successor), and the periods ended January 31, 2022 (Successor), June 11, 2021 (Predecessor (SLH)), January 31, 2021 (Predecessor (SLH)), and August 27, 2020 (Predecessor (PL)), the Company’s management approved and initiated plans to reduce its cost structure and better align operating expenses with existing economic conditions and the Company’s operating model. The Company recorded restructuring charges of $12.3 million during the fiscal year ended January 31, 2023 (Successor), $3.6 million during the period from June 12, 2021 through January 31, 2022 (Successor), a credit of $0.6 million during the period from February 1, 2021 through June 11, 2021 (Predecessor (SLH)) and charges of $1.9 million for the period from August 28, 2020 through January 31, 2021 (Predecessor (SLH)), and $0.8 million for period from February 1, 2020 through August 27, 2020 (Predecessor (PL)) These restructuring charges are presented separately in the accompanying Consolidated Statement of Operations and include primarily the severance costs of terminated employees and lease termination or lease impairment charges.