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Note 19 - Other Charges

12 Months Ended

Jan. 31, 2018

Notes to Financial Statements

Other Income and Other Expense Disclosure [Text Block]

Note

19

- Other Charges

Other charges are comprised of acquisition-related costs and restructuring initiatives which have been undertaken from time to time under various restructuring plans. Acquisition-related costs primarily include retention bonuses to employees joining by way of an acquisition, advisory services, brokerage services and administrative costs, and collectively relate to completed and prospective acquisitions.

The following tables shows the components of other charges as follows:

			January 31, 2018				January 31, 2017				January 31, 2016
Acquisition-related costs			3,471				3,019				1,416
Restructuring plans			523				436				76
			3,994				3,455				1,492

Fiscal

2018

Restructuring Plan

In the

third

quarter of fiscal

2018,

management approved and began to implement the fiscal

2018

restructuring plan to reduce operating expenses and increase operating margins. To date,

$0.5

million has been recorded within other charges in conjunction with this restructuring plan. These charges are comprised of workforce reduction charges. This plan is complete with a nominal amount of further expected costs.

The following table shows the changes in the restructuring provision for the fiscal

2018

restructuring plan.

			Workforce Reduction
Balance at January 31, 2017			-
Accruals and adjustments			456
Cash draw downs			(211	)
Balance at January 31, 2018			245

Fiscal

2017

Restructuring Plan

In the

third

quarter of

2017,

management approved and began to implement the fiscal

2017

restructuring plan to reduce operating expenses and increase operating margins. To date,

$0.4

million has been recorded within other charges in conjunction with this restructuring plan. These charges are comprised of workforce reduction charges and office closure costs. This plan is substantially complete with a nominal amount of further expected costs.

The following table shows the changes in the restructuring provision for the fiscal

2017

restructuring plan.

			Workforce Reduction				Office Closure Costs				Total
Balance at January 31, 2016			-				-				-
Accruals and adjustments			309				118				427
Cash draw downs			(308	)			(30	)			(338	)
Foreign exchange			(1	)			-				(1	)
Balance at January 31, 2017			-				88				88
Accruals and adjustments			-				(26	)			(26	)
Cash draw downs			-				62				62
Balance at January 31, 2018			-				-				-

X

- References

No definition available.

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X

- Definition

The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 720
-URI http://asc.fasb.org/topic&trid=2122503

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 610
-URI http://asc.fasb.org/topic&trid=49130413

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