RESTRUCTURING

6 Months Ended

Jul. 31, 2025

Restructuring Charges [Abstract]

RESTRUCTURING

RESTRUCTURING

In March 2025, we executed a restructuring plan (March Plan) as a result of a review of current strategic priorities, resource allocation, and cost reduction intended to reduce operating costs, improve operating margins and continue advancing our ongoing commitment to profitable growth. We incurred approximately $5.2 million in charges in connection with the March Plan in the six months ended July 31, 2025, which primarily consists of $3.0 million in charges related to severance payments and employee benefits and $2.2 million of asset impairment charges related to facilities. These costs were substantially paid as of July 31, 2025 and the actions associated with the March Plan were completed as of July 31, 2025.

In July 2025, we initiated a restructuring plan (July Plan) and incurred approximately $3.9 million in charges related to contract terminations during the three months ended July 31, 2025. These costs were paid as of July 31, 2025. Under the July Plan, we expect to incur additional restructuring charges of approximately $3.1 million in August 2025 related to severance payments and employee benefits, which are expected to be paid by the end of fiscal 2026. The actions associated with the July Plan are expected to be fully completed by the end of fiscal 2026.