XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Restructuring Charges, Net | 3 Months Ended
--- | ---
Jul. 31, 2017
Restructuring Charges, Net | 8. Restructuring Charges, Net During fiscal 2016, the Company implemented a restructuring plan in order to rationalize its cost structure by eliminating redundant positions and consolidating office space due to the acquisition of Legacy Hay on December 1, 2015. The Company continued the implementation of the fiscal 2016 restructuring plan in fiscal 2018 in order to integrate the Hay Group entities that were acquired in fiscal 2016 by consolidating premises. This resulted in restructuring charges of $0.3 million in the three months ended July 31, 2017, all of which relates to consolidation of premises. Changes in the restructuring liability during the three months ended July 31, 2017 are as follows:
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Liability as of April 30, 2017 |  | $ | 5,341 |  |  | $ | 8,354 |  |  | $ | 13,695 |
Restructuring charges, net |  |  | — |  |  |  | 280 |  |  |  | 280 |
Reductions for cash payments |  |  | (2,602 | ) |  |  | (1,464 | ) |  |  | (4,066 | )
Exchange rate fluctuations |  |  | 165 |  |  |  | 244 |  |  |  | 409 |
Liability as of July 31, 2017 |  | $ | 2,904 |  |  | $ | 7,414 |  |  | $ | 10,318 |
As of July 31, 2017 and April 30, 2017, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets, except for $4.0 million and $4.6 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. The restructuring liability by segment is summarized below: |
|  | July 31, 2017 |
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Executive Search |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 40 |  |  | $ | 242 |  |  | $ | 282 |
Europe, Middle East and Africa (“EMEA”) |  |  | 204 |  |  |  | — |  |  |  | 204 |
Asia Pacific |  |  | — |  |  |  | 3 |  |  |  | 3 |
Latin America |  |  | — |  |  |  | 49 |  |  |  | 49 |
Total Executive Search |  |  | 244 |  |  |  | 294 |  |  |  | 538 |
Hay Group |  |  | 2,660 |  |  |  | 6,991 |  |  |  | 9,651 |
Futurestep |  |  | — |  |  |  | 129 |  |  |  | 129 |
Liability as of July 31, 2017 |  | $ | 2,904 |  |  | $ | 7,414 |  |  | $ | 10,318 |
|  | April 30, 2017 |
|  | Severance |  |  | Facilities |  |  | Total |
|  | (in thousands) |
Executive Search |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 134 |  |  | $ | 250 |  |  | $ | 384 |
Europe, Middle East and Africa |  |  | 393 |  |  |  | — |  |  |  | 393 |
Asia Pacific |  |  | — |  |  |  | 6 |  |  |  | 6 |
Latin America |  |  | — |  |  |  | 87 |  |  |  | 87 |
Total Executive Search |  |  | 527 |  |  |  | 343 |  |  |  | 870 |
Hay Group |  |  | 4,814 |  |  |  | 7,879 |  |  |  | 12,693 |
Futurestep |  |  | — |  |  |  | 132 |  |  |  | 132 |
Liability as of April 30, 2017 |  | $ | 5,341 |  |  | $ | 8,354 |  |  | $ | 13,695 |

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 FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration