Restructuring Charges, Net

9 Months Ended

Jan. 31, 2014

7. Restructuring Charges, Net

The Company continued the implementation of the fiscal 2013 restructuring plan during the nine months ended January 31, 2014 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 nine months ended January 31, 2014, 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 January 31, 2014 were as follows:


	Severance			Facilities			Total
	(in thousands)
Liability as of October 31, 2013	$	584		$	4,987		$	5,571
Reductions for cash payments		(617	)		(1,186	)		(1,803	)
Exchange rate fluctuations		83			(106	)		(23	)

Liability as of January 31, 2014	$	50		$	3,695		$	3,745

Changes in the restructuring liability during the nine months ended January 31, 2014 were as follows:


	Severance			Facilities			Total
	(in thousands)
Liability as of April 30, 2013	$	4,819		$	6,729		$	11,548
Reductions for cash payments		(5,831	)		(5,907	)		(11,738	)
Restructuring charges, net		823			2,859			3,682
Exchange rate fluctuations		239			14			253

Liability as of January 31, 2014	$	50		$	3,695		$	3,745

As of January 31, 2014 and April 30, 2013, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets, except for $1.0 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 four years.

The restructuring liability by segment is summarized below:


	January 31, 2014
	Severance		Facilities		Total
	(in thousands)
Executive Recruitment
North America	$	5	$	315	$	320
Europe, Middle East and Africa (“EMEA”)		—		589		589

Total Executive Recruitment		5		904		909
LTC		45		2,043		2,088
Futurestep		—		748		748

Liability as of January 31, 2014	$	50	$	3,695	$	3,745


	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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