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Restructuring
 6 Months Ended
Oct. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring

(10) Restructuring:

As a result of the Relocation, $2.1 million and $3.1 million of restructuring charges were recorded in the three months ended October 31, 2023 and 2022, respectively, and $6.0 million and $5.3 million of restructuring charges were recorded in the six months ended October 31, 2023 and 2022, respectively.

The following table summarizes restructuring charges by line item for the three and six months ended October 31, 2023 and 2022 (in thousands):

 

 

 

For the Three Months Ended October 31,

 

 

For the Six Months Ended October 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Cost of sales

 

$

409

 

 

$

1,735

 

 

$

1,312

 

 

$

2,978

 

Research and development

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3

 

Selling, marketing, and distribution

 

 

774

 

 

 

270

 

 

 

2,969

 

 

 

707

 

General and administrative

 

 

878

 

 

 

1,106

 

 

 

1,692

 

 

 

1,620

 

Total restructuring charges

 

$

2,061

 

 

$

3,110

 

 

$

5,973

 

 

$

5,308

 

 

The components of the restructuring charges recorded in our condensed consolidated statements of income were as follows (in thousands):

 

 

 

For the Three Months Ended October 31,

 

 

For the Six Months Ended October 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Severance and employee-related benefits (a)

 

$

(49

)

 

$

2,505

 

 

$

881

 

 

$

3,658

 

Relocation (a)

 

 

210

 

 

 

179

 

 

 

447

 

 

 

1,062

 

Public relations

 

 

922

 

 

 

—

 

 

 

922

 

 

 

—

 

Freight

 

 

199

 

 

 

—

 

 

 

199

 

 

 

—

 

Consulting services

 

 

246

 

 

 

206

 

 

 

456

 

 

 

266

 

Employee relations

 

 

469

 

 

 

135

 

 

 

926

 

 

 

230

 

Office rent and equipment

 

 

64

 

 

 

86

 

 

 

2,142

 

 

 

92

 

Total restructuring charges

 

$

2,061

 

 

$

3,110

 

 

$

5,973

 

 

$

5,308

 

 

a)
Recorded in accrued payroll and incentives.

The following table summarizes the activity in the severance and employee-related benefits and relocation accruals for the six months ended October 31, 2023 (in thousands):

 

 

 

Severance and employee-related benefits

 

 

Relocation

 

 

Total

 

Accrual at April 30, 2023

 

$

10,054

 

 

$

1,746

 

 

$

11,800

 

    Charges

 

 

881

 

 

 

447

 

 

 

1,328

 

    Cash payments and settlements

 

 

(926

)

 

 

(1,395

)

 

 

(2,321

)

Accrual at October 31, 2023 (a)

 

$

10,010

 

 

$

798

 

 

$

10,808

 

 

a)
Recorded in accrued payroll and incentives.