4. Restructuring

Restructuring Charges

A restructuring charge of $4.1 million was recognized during the three months ended September 30, 2016 ($8.2 million for the nine months ended September 30, 2016) under a restructuring plan adopted following a review by the company of its operations. The restructuring plan includes resource rationalizations in certain areas of the business to improve resource utilization, resulting in a charge of $2.1 million, and office consolidation which results in the recognition of an onerous lease obligation of $2.0 million.

Details of the restructuring charge recognized in the three and nine months ended September 30, 2016 are as follows:

	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2016		2015		2016		2015
	(in thousands)				(in thousands)

Restructuring charges	$	4,065		-	$	8,159		-

Total	$	4,065		-	$	8,159		-

Details of the movement in the restructuring charge recognized in the three and nine months ended 30 September 2016 are as follows;

	Workforce reductions			Office consolidation		Total
	(in thousands)			(in thousands)		(in thousands)
Q2 initial restructuring charge recorded	$	4,094			-	$	4,094
Cash payments		(901	)		-		(901	)
Provision at June 30, 2016		3,193					3,193
Q3 restructuring charge recorded		2,096			1,969		4,065
Cash payments		(2,243	)		-		(2,243	)
Provision at September 30, 2016	$	3,046		$	1,969	$	5,015