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Restructuring Charges, Net | 12 Months Ended
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Apr. 30, 2012
Restructuring Charges, Net |
7. | Restructuring Charges, Net
During fiscal 2010, the Company implemented a restructuring plan to eliminate redundancies as a result of the acquisition of Whitehead Mann Limited and Whitehead Mann SAS, together referred to as Whitehead Mann (“WHM”) and reorganized its go-to-market and operating structure in the Europe, Middle East and Africa (“EMEA”) regions. These initiatives resulted in restructuring charges of $25.8 million against operations during fiscal 2010, of which $16.0 million and $9.8 million related to severance costs and the consolidation of premises, respectively. These restructuring charges were partially offset by $5.1 million of reductions from previous restructuring charges resulting in net restructuring costs of $20.7 million during fiscal 2010. During fiscal 2012 and 2011, the Company increased previously recorded restructuring charges resulting in restructuring costs of $0.9 million and $2.1 million, respectively. The increase in restructuring expense primarily relates to the inability to sublease space, which was included in the original estimate. Changes in the restructuring liability are as follows:
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Liability as of April 30, 2010 |  | $ | 2,714 |  |  | $ | 11,095 |  |  | $ | 13,809 |
Restructuring (reductions) charges, net |  |  | (299 | ) |  |  | 2,429 |  |  |  | 2,130 |
Reductions for cash payments |  |  | (1,518 | ) |  |  | (9,979 | ) |  |  | (11,497 | )
Exchange rate fluctuations |  |  | 81 |  |  |  | 398 |  |  |  | 479 |
Liability as of April 30, 2011 |  |  | 978 |  |  |  | 3,943 |  |  |  | 4,921 |
Restructuring (reductions) charges, net |  |  | (324 | ) |  |  | 1,253 |  |  |  | 929 |
Reductions for cash payments |  |  | (586 | ) |  |  | (2,324 | ) |  |  | (2,910 | )
Exchange rate fluctuations |  |  | (30 | ) |  |  | (140 | ) |  |  | (170 | )
Liability as of April 30, 2012 |  | $ | 38 |  |  | $ | 2,732 |  |  | $ | 2,770 |
As of April 30, 2012 and 2011, the restructuring liability is included in current portion of other accrued liabilities on the consolidated balance sheet, except for $1.4 million and $2.1 million, respectively, of facilities costs which primarily relate to commitments under operating leases, net of sublease income, which are included in other long-term liabilities and will be paid over the next seven years. The restructuring liability by segment is summarized below:
|  | April 30, 2012 |
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Executive Recruitment |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | — |  |  | $ | 43 |  |  | $ | 43 |
Europe, Middle East and Africa (“EMEA”) |  |  | 38 |  |  |  | 1,780 |  |  |  | 1,818 |
Total Executive Recruitment |  |  | 38 |  |  |  | 1,823 |  |  |  | 1,861 |
Futurestep |  |  | — |  |  |  | 909 |  |  |  | 909 |
Liability as of April 30, 2012 |  | $ | 38 |  |  | $ | 2,732 |  |  | $ | 2,770 |
|  | April 30, 2011 |
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Executive Recruitment |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | — |  |  | $ | 91 |  |  | $ | 91 |
EMEA |  |  | 857 |  |  |  | 2,312 |  |  |  | 3,169 |
Asia Pacific |  |  | — |  |  |  | 328 |  |  |  | 328 |
South America |  |  | 114 |  |  |  | — |  |  |  | 114 |
Total Executive Recruitment |  |  | 971 |  |  |  | 2,731 |  |  |  | 3,702 |
Futurestep |  |  | 7 |  |  |  | 1,212 |  |  |  | 1,219 |
Liability as of April 30, 2011 |  | $ | 978 |  |  | $ | 3,943 |  |  | $ | 4,921 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 + Details
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