Restructuring Charges, Net

6 Months Ended

Oct. 31, 2013

7. Restructuring Charges, Net

The Company continued the implementation of the fiscal 2013 restructuring plan during the six months ended October 31, 2013 in order to integrate PDI by consolidating and eliminating certain redundant office space around the world and by continuing to consolidate certain overhead functions. This resulted in restructuring charges of $3.7 million against operations in the six months ended October 31, 2013, of which $0.8 million relates to severance and $2.9 million relates to consolidation of premises.

Changes in the restructuring liability during the three months ended October 31, 2013 were as follows:


	Severance			Facilities			Total
	(in thousands)
Liability as of July 31, 2013	$	2,706		$	7,119		$	9,825
Reductions for cash payments		(2,160	)		(2,261	)		(4,421	)
Exchange rate fluctuations		38			129			167

Liability as of October 31, 2013	$	584		$	4,987		$	5,571

Changes in the restructuring liability during the six months ended October 31, 2013 were as follows:


	Severance			Facilities			Total
	(in thousands)
Liability as of April 30, 2013	$	4,819		$	6,729		$	11,548
Reductions for cash payments		(5,214	)		(4,721	)		(9,935	)
Restructuring charges, net		823			2,859			3,682
Exchange rate fluctuations		156			120			276

Liability as of October 31, 2013	$	584		$	4,987		$	5,571

As of October 31, 2013 and April 30, 2013, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets, except for $1.4 million and $2.4 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 five years.

The restructuring liability by segment is summarized below:


	October 31, 2013
	Severance		Facilities		Total
	(in thousands)
Executive Recruitment
North America	$	201	$	435	$	636
Europe, Middle East and Africa (“EMEA”)		19		693		712

Total Executive Recruitment		220		1,128		1,348
LTC		319		2,756		3,075
Futurestep		—		1,103		1,103
Corporate		45		—		45

Liability as of October 31, 2013	$	584	$	4,987	$	5,571


	April 30, 2013
	Severance		Facilities		Total
	(in thousands)
Executive Recruitment
North America	$	918	$	659	$	1,577
EMEA		678		856		1,534
Asia Pacific		—		69		69

Total Executive Recruitment		1,596		1,584		3,180
LTC		2,497		3,956		6,453
Futurestep		277		1,189		1,466
Corporate		449		—		449

Liability as of April 30, 2013	$	4,819	$	6,729	$	11,548

- 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.

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