XML 54 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Restructuring Charges, Net | 9 Months Ended
--- | ---
Jan. 31, 2013
Restructuring Charges, Net | 7. Restructuring Charges, Net During the three and nine months ended January 31, 2013, the Company implemented a restructuring plan in order to align its cost structure to anticipated revenue levels and to integrate PDI Ninth House (“PDI”) in order to eliminate redundant positions. This resulted in restructuring charges of $4.4 million and $19.9 million against operations in the three and nine months ended January 31, 2013, respectively, of which $15.7 million relates to severance and $4.2 million relates to consolidation of premises. During the three and nine months ended January 31, 2012 the Company increased previously recorded restructuring charges resulting in restructuring costs of $0.9 million due primarily to the inability to sublease space, which was included in the original estimate. Changes in the restructuring liability during the three months ended January 31, 2013 are as follows:
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Liability as of October 31, 2012 |  | $ | 9,238 |  |  | $ | 7,263 |  |  | $ | 16,501 |
Charge to expense |  |  | 4,441 |  |  |  | — |  |  |  | 4,441 |
Non-cash items |  |  | (228 | ) |  |  | (183 | ) |  |  | (411 | )
Reductions for cash payments, net of refund |  |  | (4,985 | ) |  |  | (1,109 | ) |  |  | (6,094 | )
Exchange rate fluctuations |  |  | 138 |  |  |  | 31 |  |  |  | 169 |
Liability as of January 31, 2013 |  | $ | 8,604 |  |  | $ | 6,002 |  |  | $ | 14,606 |
Changes in the restructuring liability during the nine months ended January 31, 2013 are as follows:
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Liability as of April 30, 2012 |  | $ | 38 |  |  | $ | 2,732 |  |  | $ | 2,770 |
Charge to expense |  |  | 15,765 |  |  |  | 5,179 |  |  |  | 20,944 |
Reductions/recoveries (1) |  |  | (38 | ) |  |  | (970 | ) |  |  | (1,008 | )
Non-cash items |  |  | (328 | ) |  |  | 121 |  |  |  | (207 | )
Reductions for cash payments, net of refund |  |  | (6,991 | ) |  |  | (1,027 | ) |  |  | (8,018 | )
Exchange rate fluctuations |  |  | 158 |  |  |  | (33 | ) |  |  | 125 |
Liability as of January 31, 2013 |  | $ | 8,604 |  |  | $ | 6,002 |  |  | $ | 14,606 |
(1) | During the nine months ended January 31, 2013, the Company recovered $1.0 million from a legal settlement (related to premises) attributable to a previous restructuring action.
As of January 31, 2013 and April 30, 2012, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheet, except for $3.3 million and $1.4 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 13 years. The restructuring liability by segment is summarized below:
|  | January 31, 2013 |
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Executive Recruitment |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,518 |  |  | $ | 3,126 |  |  | $ | 4,644 |
Europe, Middle East and Africa (“EMEA”) |  |  | 1,750 |  |  |  | 1,566 |  |  |  | 3,316 |
Asia Pacific |  |  | 8 |  |  |  | 91 |  |  |  | 99 |
Total Executive Recruitment |  |  | 3,276 |  |  |  | 4,783 |  |  |  | 8,059 |
Leadership and Talent Consulting |  |  | 4,225 |  |  |  | — |  |  |  | 4,225 |
Futurestep |  |  | 452 |  |  |  | 1,219 |  |  |  | 1,671 |
Corporate |  |  | 651 |  |  |  | — |  |  |  | 651 |
Liability as of January 31, 2013 |  | $ | 8,604 |  |  | $ | 6,002 |  |  | $ | 14,606 |
|  | April 30, 2012 |
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Executive Recruitment |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | — |  |  | $ | 43 |  |  | $ | 43 |
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 |

X
- 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 SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 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 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 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
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration