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Cost Savings Initiatives
 6 Months Ended
Jul. 31, 2018
Restructuring And Related Activities [Abstract]  
Cost Savings Initiatives

NOTE 15 – COST SAVINGS INITIATIVES

As a result of actions taken by the Company in fiscal 2018 to better align its global infrastructure with the current business environment by consolidating certain operations and streamlining functions to reduce costs and improve profitability, the Company recorded $13.6 million of pre-tax expenses primarily for severance and payroll related, other and occupancy charges, predominantly impacting the Company’s North American and Swiss operations.  

A summary roll-forward of costs related to the cost savings initiatives is as follows (in thousands):

 

 

 

Balance at

January 31, 2018

 

 

Cash

payments

 

 

Foreign

exchange

 

 

Balance in

Accrued Liabilities at

July 31, 2018

 

Severance and payroll related

 

$

931

 

 

$

(601

)

 

$

—

 

 

$

330

 

Other

 

 

919

 

 

 

(181

)

 

 

(50

)

 

 

688

 

Occupancy charges

 

 

74

 

 

 

(22

)

 

 

(4

)

 

 

48

 

Total

 

$

1,924

 

 

$

(804

)

 

$

(54

)

 

$

1,066