XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Restructuring | 9 Months Ended
--- | ---
Jan. 31, 2025
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring In the second quarter of fiscal 2025, the Company implemented a reduction in force, which will be substantially completed during fiscal 2025. The Company recognized pre-tax restructuring charges, net of $0.1 million and $1.2 million, respectively, for the three- and nine-months ended January 31, 2025, related to the reduction in force, which were primarily severance and separation costs. During January 2025, the Company's Board approved the closure and eventual disposal of its manufacturing plant located in Orange, Virginia. The Company expects to incur total pre-tax restructuring costs of $6.0 million to $8.5 million related to the closing of the plant. The restructuring costs consist of employee severance and separation costs of approximately $2.0 million to $2.5 million, and charges for relocation and disposal of property and equipment and other administrative costs of approximately $4.0 million to $6.0 million. The Company expects to recognize substantially all of these costs during fiscal 2025. The Company recognized pre-tax restructuring charges, net of $0.4 million for the three- and nine-months ended January 31, 2025, related to the closure of the plant, which were primarily severance and separation costs. Total restructuring charges amounted to $0.5 million for the three-months ended January 31, 2025 and $1.7 million and $(0.2) million for the nine-months ended January 31, 2025 and 2024, respectively. A reserve of $0.6 million for restructuring charges is included in accrued compensation and related expenses in the consolidated balance sheet as of January 31, 2025 which relates to employee termination costs accrued but not yet paid as follows:
|  | January 31,
(in thousands) |  | 2025
Restructuring reserve balance at May 1 |  | $ | — |
Expense |  | 1,653 |
Payments and adjustments |  | (1,038) |
Restructuring reserve balance at January 31 |  | $ | 615 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration