SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

12 Months Ended

Jan. 31, 2024

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

NOTE 18 – SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Balance Sheet

Other current assets consisted of the following at January 31, 2024 and 2023:

	2024		2023
Income tax refunds receivable and prepaid income taxes	$	18,267	$	15,327
Raw materials inventory		9,985		11,903
Prepaid expenses		6,035		4,541
Other		4,972		6,563
Total other current assets	$	39,259	$	38,334

Inventories consist of raw materials held for use in the ordinary course of business and is valued at the lower of cost or net realizable value.

Accrued expenses consisted of the following at January 31, 2024 and 2023:

	2024		2023
Accrued project costs	$	49,135	$	17,448
Accrued compensation		21,206		18,286
Lease liabilities		2,726		1,567
Other		8,654		12,566
Total accrued expenses	$	81,721	$	49,867

Other Loss

On March 7, 2023, the Company determined that it had been a victim of a complex criminal scheme, which resulted in fraudulently-induced outbound wire transfers to a third-party account. The Company retained specialized legal counsel and a cybersecurity services firm to assist in an independent forensic investigation of the incident and the efforts to recover the funds. The total amount of the fraud loss and the professional fees, net with funds recovered, of approximately $2.7 million is reflected in other income as a loss in the consolidated statement of earnings for Fiscal 2024.