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Restructuring | 6 Months Ended
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Jul. 31, 2025
Restructuring and Related Activities [Abstract] |
Restructuring | Note 19 - Restructuring On March 20, 2025, we announced our restructuring actions for fiscal 2026, which include the reduction of approximately 10% of the Company’s global workforce, primarily in the Product ID segment, and the realignment of our underperforming MTEX operation in Portugal. As part of this initiative, we have cut approximately 70% of the MTEX product portfolio, phasing out low-volume, low-profit and developmental models in the nascent fabric printing market to focus more resources on much higher-margin products that capitalize on our supplies business. In addition, all MTEX sales, marketing and customer support functions have been integrated into our global teams to improve accountability and performance. We anticipate our restructuring actions to generate $3.0 million in annualized savings and expect to complete the planned actions by the end of fiscal 2026. As a result of the adoption and implementation of the above restructuring actions, as of July 31, 2025 we have recognized total pre-tax restructuring charges of $1.2 million, comprised primarily of cash charges related to severance-related costs. Below is a summary of the restructuring costs and liabilities by type as of July 31, 2025.
(in thousands) |  | Restructuring Costs |  |  | Amounts paid in quarter ended April 30, 2025 |  |  | Amounts paid in quarter ended July 31, 2025 |  |  | Restructuring Liability |
Severance and Employee Related Costs |  | $ | 1,157 |  |  | $ | (99 | ) |  | $ | (310 | ) |  | $ | 748 |
Other Restructuring Costs |  |  | 90 |  |  |  | - |  |  |  | - |  |  |  | 90 |
Total |  | $ | 1,247 |  |  | $ | (99 | ) |  | $ | (310 | ) |  | $ | 838 |
The following table summarizes restructuring costs included in the accompanying condensed consolidated statement of income (loss) for the three and six months ended July 31, 2025:
| Three Months Ended |  |  | Six Months Ended |
| July 31, 2025 |  |  | July 31, 2025 |
(in thousands) |  |  |  |  |
Cost of Revenue | $ | (3 | ) |  | $ | 337 |
Operating Expenses: |  |  |  |  |
Selling & Marketing |  | 111 |  |  |  | 209 |
General & Administrative |  | 581 |  |  |  | 701 |
Total | $ | 689 |  |  | $ | 1,247 |

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- 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
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