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v3.23.1

Note 9 - Taxes (Tables) | 12 Months Ended
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Jan. 31, 2023
Notes Tables |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
|  | Successor |  |  | Successor |  |  | Predecessor (SLH) |  |  | Predecessor (SLH) |  |  | Predecessor (PL) |
|  | From |  |  | From |  |  | From |  |  | From |  |  | From |
|  | February 1, 2022 to |  |  | June 12, 2021 to |  |  | February 1, 2021 |  |  | August 28, 2020 |  |  | February 1, 2020 |
|  | January 31, 2023 |  |  | January 31, 2022 |  |  | to June 11, 2021 |  |  | January 31, 2021 |  |  | to August 27, 2020 |
Domestic |  | $ | (129,542 | ) |  | $ | (12,247 | ) |  | $ | (21,838 | ) |  | $ | (75,389 | ) |  | $ | 527,248 |
Foreign |  |  | (701,497 | ) |  |  | (50,803 | ) |  |  | (32,122 | ) |  |  | (28,842 | ) |  |  | 2,463,403 |
Income (loss) before income taxes |  | $ | (831,039 | ) |  | $ | (63,050 | ) |  | $ | (53,960 | ) |  | $ | (104,231 | ) |  | $ | 2,990,651 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
|  | Successor |  |  | Successor |  |  | Predecessor (SLH) |  |  | Predecessor (SLH) |  |  | Predecessor (PL) |
|  | From |  |  | From |  |  | From |  |  | From |  |  | From |
|  | February 1, 2022 |  |  | June 12, 2021 |  |  | February 1, 2021 |  |  | August 28, 2020 |  |  | February 1, 2020 |
|  | to |  |  | to |  |  | to |  |  | to |  |  | to |
|  | January 31, 2023 |  |  | January 31, 2022 |  |  | June 11, 2021 |  |  | January 31, 2021 |  |  | August 27, 2020 |
CURRENT |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (2,246 | ) |  | $ | (8,786 | ) |  | $ | 16,632 |  |  | $ | 172 |  |  | $ | 353 |
State |  |  | 583 |  |  |  | (5,571 | ) |  |  | 4,288 |  |  |  | 706 |  |  |  | (21 | )
Foreign |  |  | 4,716 |  |  |  | 643 |  |  |  | 1,267 |  |  |  | 121 |  |  |  | 982 |
Current tax provision (benefit) |  |  | 3,053 |  |  |  | (13,714 | ) |  |  | 22,187 |  |  |  | 999 |  |  |  | 1,314 |
DEFERRED |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (17,734 | ) |  |  | 12,853 |  |  |  | (14,042 | ) |  |  | (9,224 | ) |  |  | 9,264 |
State |  |  | (4,285 | ) |  |  | 5,601 |  |  |  | (6,189 | ) |  |  | (3,145 | ) |  |  | 3,297 |
Foreign |  |  | (22,007 | ) |  |  | (9,044 | ) |  |  | (5,477 | ) |  |  | (3,107 | ) |  |  | 46,818 |
Deferred tax provision (benefit) |  |  | (44,026 | ) |  |  | 9,410 |  |  |  | (25,708 | ) |  |  | (15,476 | ) |  |  | 59,379 |
Income tax provision (benefit) |  | $ | (40,973 | ) |  | $ | (4,304 | ) |  | $ | (3,521 | ) |  | $ | (14,477 | ) |  | $ | 60,693 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
|  | Successor |  |  | Successor |  |  | Predecessor (SLH) |  |  | Predecessor (SLH) |  |  | Predecessor (PL) |
|  | From |  |  | From |  |  | From |  |  | From |  |  | From |
|  | February 1, 2022 to |  |  | June 12, 2021 to |  |  | February 1, 2021 |  |  | August 28, 2020 |  |  | February 1, 2020 |
|  | January 31, 2023 |  |  | January 31, 2022 |  |  | to June 11, 2021 |  |  | January 31, 2021 |  |  | to August 27, 2020 |
United States (21.0%) / Luxembourg (24.9%) / Ireland (12.5%) statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 24.9 | % |  |  | 24.9 | % |  |  | 12.5 | %
Increase (decrease) resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US State income taxes, net of federal benefit |  |  | 0.4 | % |  |  | 7.5 | % |  |  | 2.5 | % |  |  | 6.1 | % |  |  | 0.2 | %
Foreign rate differential |  |  | (6.2 | )% |  |  | (3.2 | )% |  |  | (10.0 | )% |  |  | (6.5 | )% |  |  | 0.0 | %
Global Intangible Low-Taxed Income |  |  | (0.7 | )% |  |  | 1.1 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
Non-deductible expenses |  |  | (0.1 | )% |  |  | (0.3 | )% |  |  | (0.3 | )% |  |  | (0.5 | )% |  |  | 0.2 | %
Non-deductible interest |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.1 | %
Non-deductible officer compensation |  |  | (0.1 | )% |  |  | (3.8 | )% |  |  | 0.0 | % |  |  | 0.3 | % |  |  | 0.0 | %
Warrants |  |  | 0.6 | % |  |  | 5.8 | % |  |  | 0.0 | % |  |  | 0.7 | % |  |  | 0.0 | %
Transaction costs |  |  | 0.0 | % |  |  | (2.4 | )% |  |  | (0.1 | )% |  |  | 8.5 | % |  |  | 0.0 | %
Unrecognized tax benefit |  |  | 0.2 | % |  |  | (7.6 | )% |  |  | 2.4 | % |  |  | 0.4 | % |  |  | 0.0 | %
Change in valuation allowance |  |  | 4.6 | % |  |  | (15.8 | )% |  |  | (7.0 | )% |  |  | (10.4 | )% |  |  | (4.7 | )%
Impairment of goodwill |  |  | (10.1 | )% |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.5 | %
Reorganization and fresh start adjustments |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | (9.8 | )% |  |  | (7.5 | )%
Return to provision adjustment |  |  | (0.2 | )% |  |  | 3.5 | % |  |  | (5.5 | )% |  |  | 0.0 | % |  |  | 0.7 | %
Expired deferred tax assets |  |  | (3.9 | )% |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
Internal restructuring |  |  | 1.1 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
Other |  |  | (1.7 | )% |  |  | 1.0 | % |  |  | (0.4 | )% |  |  | 0.2 | % |  |  | 0.0 | %
Effective tax rate |  |  | 4.9 | % |  |  | 6.8 | % |  |  | 6.5 | % |  |  | 13.9 | % |  |  | 2.0 | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | Successor |  |  | Successor |
|  | January 31, 2023 |  |  | January 31, 2022 |
ASSETS |  |  |  |  |  |  |  |
Loss carryforwards |  | $ | 102,563 |  |  | $ | 77,586 |
Deferred interest expense |  |  | 34,194 |  |  |  | 58,237 |
Reserves and accruals |  |  | 7,500 |  |  |  | 16,309 |
Lease liabilities |  |  | 2,635 |  |  |  | 2,702 |
Tax credits |  |  | 72 |  |  |  | 880 |
Transaction costs |  |  | 4,247 |  |  |  | 6,049 |
Capitalized research and development expenses |  |  | 8,133 |  |  |  | — |
Other intangibles |  |  | 12,839 |  |  |  | — |
Other |  |  | 2,800 |  |  |  | — |
Gross deferred tax assets |  |  | 174,983 |  |  |  | 161,763 |
Less: Valuation allowance |  |  | (133,146 | ) |  |  | (144,717 | )
Net deferred tax assets |  |  | 41,837 |  |  |  | 17,046 |
LIABILITIES |  |  |  |  |  |  |  |
Intangibles |  |  | (108,208 | ) |  |  | (102,819 | )
Property and equipment, net |  |  | (1,489 | ) |  |  | (5,823 | )
Accrued interest |  |  | (1,188 | ) |  |  | (4,007 | )
Right-of-use asset |  |  | (2,737 | ) |  |  | (2,549 | )
Other |  |  | (2,191 | ) |  |  | (1,243 | )
Gross deferred tax liabilities |  |  | (115,813 | ) |  |  | (116,441 | )
Total deferred tax liabilities, net |  | $ | (73,976 | ) |  | $ | (99,395 | )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
|  | Successor |  |  | Successor |  |  | Predecessor (SLH) |  |  | Predecessor (SLH) |  |  | Predecessor (PL) |
|  | From |  |  | From |  |  | From |  |  | From |  |  | From |
|  | February 1, 2022 to |  |  | June 12, 2021 to |  |  | February 1, 2021 |  |  | August 28, 2020 |  |  | February 1, 2020 |
|  | January 31, 2023 |  |  | January 31, 2022 |  |  | to June 11, 2021 |  |  | January 31, 2021 |  |  | to August 27, 2020 |
Unrecognized tax benefits, beginning balances |  | $ | 14,340 |  |  | $ | 3,115 |  |  | $ | 3,918 |  |  | $ | 3,768 |  |  | $ | 3,773 |
Increases for tax positions taken during the current period |  |  | — |  |  |  | 6,161 |  |  |  | — |  |  |  | — |  |  |  | — |
Increases for tax positions taken during a prior period |  |  | 952 |  |  |  | 5,975 |  |  |  | — |  |  |  | 37 |  |  |  | 35 |
Decreases for tax positions taken during a prior period |  |  | (210 | ) |  |  | — |  |  |  | (788 | ) |  |  | — |  |  |  | (40 | )
Other |  |  | (720 | ) |  |  | (64 | ) |  |  | (15 | ) |  |  | 452 |  |  |  | — |
Decreases resulting from the expiration of statute of limitations |  |  | (2,042 | ) |  |  | (847 | ) |  |  | — |  |  |  | (339 | ) |  |  | — |
Unrecognized tax benefits, ending balance |  | $ | 12,320 |  |  | $ | 14,340 |  |  | $ | 3,115 |  |  | $ | 3,918 |  |  | $ | 3,768 |

X
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