Operating Efficiency Initiatives and Other Items

3 Months Ended

Apr. 30, 2017

Restructuring And Related Activities [Abstract]

Operating Efficiency Initiatives and Other Items

NOTE 14 – OPERATING EFFICIENCY INITIATIVES AND OTHER ITEMS

In fiscal 2016, the Company commenced an initiative to achieve greater operating efficiencies and streamline its operations, primarily at certain of its foreign subsidiaries. In the first quarter of fiscal 2016, the Company recorded $2.7 million of pre-tax expenses primarily for severance, occupancy charges, and fixed assets. In the fourth quarter of fiscal 2016, the Company recorded an additional pre-tax charge of $1.3 million primarily related to severance and the write-off of unamortized shop-in-shops with no expected future value. The Company substantially completed the actions under this initiative as of January 31, 2016.

A summary rollforward of costs related to the operating efficiency initiatives and other items is as follows (in thousands):

	Balance at January 31, 2017		Cash payments			Foreign exchange			Accrued balance at April 30, 2017
Severance	$	78	$	(1	)	$	(4	)	$	73
Occupancy charges		330		(32	)		(14	)		284
Total	$	408	$	(33	)	$	(18	)	$	357