RESTRUCTURING

3 Months Ended

Oct. 31, 2022

Restructuring and Related Activities [Abstract]

ModusLink Restructuring Activities

During the fiscal year ended July 31, 2021, ModusLink implemented a strategic plan to reorganize its sales function and the e-Business operations. The restructuring charges associated with this plan were primarily composed of employee termination costs. In November 2021, ModusLink amended its strategic plan to include reorganizing its supply chain operations and recorded a restructuring charge of approximately $0.9 million during the three months ended January 31, 2022. In July 2022, ModusLink reorganized its supply chain operations in Ireland and recorded a restructuring charge of approximately $0.6 million during the three months ended July 31, 2022. The restructuring charges recorded in fiscal year ended July 31, 2022 were primarily composed of employee termination costs. ModusLink did not incur any restructuring charges during the three months ended October 31, 2022 and October 31, 2021.

Changes to the restructuring liability during the three months ended October 31, 2022 were as follows:


	(in thousands)
Balance as of July 31, 2022	$	892
Costs incurred	—
Cash payments	(551)
Non-cash relief of accrual	—
Change in estimates	(25)
Balance as of October 31, 2022	$	316

The restructuring liability is recorded as a component of accrued expenses in the condensed consolidated balance sheets.