XML 28 R17.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Restructuring and Other Related Charges
3 Months Ended
Apr. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Other Related Charges
10. Restructuring and Other Related Charges
In February 2024, the Company restructured certain departments to better align functions and recognized total restructuring charges of approximately $1.0 million during the three months ended April 30, 2024.
In February 2023, the Company reduced its total global headcount by approximately 7%. As a result, the Company recognized total restructuring charges of approximately $9.0 million during the three months ended April 30, 2023, which consisted primarily of one-time severance and other termination benefit costs of $7.7 million, as well as accelerated stock-based compensation of $1.3 million.
The Company recognized severance and other termination benefit costs as follows (in thousands):
Three Months Ended April 30,
20242023
Cost of revenue$— $417 
Research and development— 2,059 
Sales and marketing730 3,559 
General and administrative276 1,618 
Total (1)
$1,006 $7,653 
(1) Excludes stock-based compensation of zero and $1.3 million for the three months ended April 30, 2024 and 2023, respectively.
The changes in liabilities resulting from the restructuring charges and related accruals were as follows (in thousands):
Balance as of January 31, 2024
$188 
Charges1,006 
Cash payments(1,176)
Balance as of April 30, 2024 (1)
$18 
(1) Balance is included in accrued compensation and benefits on the condensed consolidated balance sheet as of April 30, 2024.