Restructuring Charges |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring Charges | Restructuring Charges In February 2025, the Company implemented an approved plan for restructuring its global workforce by approximately 12% to help position the Company for long-term success by realigning employee costs with the current business and freeing up capital for incremental investments. The majority of the associated costs, including severance, benefits, and the acceleration of equity awards, were incurred in the first half of fiscal year 2026.
Changes in the restructuring liability for the periods presented are set forth in the table below:
(1) Restructuring costs shown in the table above do not include related stock-based compensation expense of $0.9 million for the three months ended April 30, 2025. There was no related stock-based compensation expense for the three months ended April 30, 2026. Stock-based compensation expense associated with the Company’s restructuring plans is included in restructuring on the consolidated statements of operations. The reversal of restructuring costs for the three months ended April 30, 2026 was attributable to the favorable resolution of certain restructuring-related liabilities.
Restructuring liabilities are included in accrued expenses and other current liabilities in the condensed consolidated balance sheets, the majority of which is expected to be paid in the second quarter of fiscal year 2027.
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