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Other Charges | 12 Months Ended
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Jan. 31, 2024
Other Charges. |
Other Charges | Note 19 - 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. Contingent consideration adjustments relate to changes in anticipated acquisition earnout payment accruals primarily as a result of increases or decreases to revenue performance and forecasts. Revenue forecasts are updated on a quarterly basis and the related earnout payment accruals are updated accordingly. The following tables shows the components of other charges as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 31, |  | January 31, | ​ | January 31,
Year Ended | ​ | 2024 | ​ | 2023 | ​ | 2022
Acquisition-related costs |  | 3,697 |  | 2,560 |  | 1,292
Contingent consideration accretion and adjustments |  | 16,334 |  | 2,804 |  | 5,070
Restructuring plans |  | 1,618 |  | 77 |  | 66
​ |  | 21,649 |  | 5,441 |  | 6,428
​ Fiscal 2024 Restructuring Plan ​ In the third quarter of fiscal 2024, management approved and began to implement the fiscal 2024 restructuring plan to reduce operating expenses and increase operating margins. To date, $1.6 million has been recorded within other charges in conjunction with this restructuring plan. These charges are comprised of office closures and workforce reduction charges. As of January 31, 2024, we expect total remaining office closures and workforce reduction costs to be incurred of approximately $0.1 million to $0.2 million. ​ The following table shows the changes in the restructuring provision for the fiscal 2024 restructuring plan: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Workforce |  | Office |  | ​
​ | ​ | Reduction | ​ | Closures | ​ | Total
Balance at January 31, 2023 |  | — |  | — |  | —
Accruals and adjustments |  | 965 |  | 651 |  | 1,616
Cash draw downs |  | (529) |  | (112) |  | (641)
Non-cash draw downs and foreign exchange |  | 6 |  | (539) |  | (533)
Balance at January 31, 2024 |  | 442 |  | — |  | 442
​

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