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Note 20 - Other Charges

12 Months Ended

Jan. 31, 2021

Notes to Financial Statements

Other Income and Other Expense Disclosure [Text Block]

Note

20

- Other Charges

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

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

Year Ended			January 31,				January 31,				January 31,
			2021				2020				2019
Acquisition-related costs			1,981				3,457				3,187
Contingent consideration adjustments			(1,946	)			340				591
Restructuring plans			2,300				-				20
			2,335				3,797				3,798

Fiscal

2021

Restructuring Plan

In the

second

quarter of fiscal

2021,

management approved and began to implement a restructuring plan (the “Fiscal

2021

Restructuring Plan”) to reduce operating expenses. To date,

$2.3

million has been recorded within other charges in conjunction with this restructuring plan. These charges are comprised of workforce reduction and the accelerated ROU asset amortization associated with certain office closures. This plan is substantially complete with expected remaining workforce reduction and office closure costs of approximately

$0.1

million.

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

2021

Restructuring Plan:

			Workforce Reduction				Office Closures				Total
Balance at January 31, 2020			-				-				-
Accruals and adjustments			1,717				583				2,300
Cash draw downs			(1,657	)			(583	)			(2,240	)
Foreign exchange			10				-				10
Balance at January 31, 2021			70				-				70

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 720
-URI http://asc.fasb.org/topic&trid=2122503

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 610
-URI http://asc.fasb.org/topic&trid=49130413

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