In May 2022, the Company initiated a global program to restructure and align our cost base with current and anticipated future market conditions (Fiscal Year 2023 Restructuring Program). This program includes severance related charges for the elimination of certain positions, the exit of certain leased office space, and the reduction of our occupancy at other facilities. We are reducing our real estate square footage occupancy by approximately 22%.


	Three Months Ended January 31,		Nine Months Ended January 31,
	2023		2023
Charges by Segment:
Research	$	319	$	1,579
Academic	1,823		10,060
Talent	178		2,514
Corporate Expenses	6,540		30,129
Total Restructuring and Related Charges	$	8,860	$	44,282

Charges by Activity:
Severance and termination benefits	$	7,049	$	24,613
Impairment of operating lease ROU assets and property and equipment	—		12,696
Acceleration of expense related to operating lease ROU assets and property and equipment	152		1,992
Facility related charges, net	706		3,403
Consulting costs	167		597
Other activities	786		981
Total Restructuring and Related Charges	$	8,860	$	44,282

The impairment charges of $12.7 million for the nine months ended January 31, 2023 included the impairment of operating lease ROU assets of $7.6 million related to certain leases that will be subleased, and the related property and equipment of $5.1 million described further below. These charges were recorded in corporate expenses.

The acceleration of expense of $2.0 million for the nine months ended January 31, 2023 included the acceleration of rent expense associated with operating lease ROU assets of $0.9 million related to certain leases that will be abandoned or terminated, and the related depreciation and amortization of property and equipment of $1.1 million.

Due to the actions taken above, we tested the operating lease ROU assets and the related property and equipment for those being subleased for recoverability by comparing the carrying value of the asset group to an estimate of the future undiscounted cash flows expected to result from the use and eventual disposition of the asset group. Based on the results of the recoverability test, we determined that the undiscounted cash flows of the asset groups were below the carrying values. Therefore, there was an indication of impairment. We then determined the fair value of the asset groups by utilizing the present value of the estimated future cash flows attributable to the assets. The fair value of these operating lease ROU assets and the property and equipment immediately subsequent to the impairment was $12.1 million and was categorized as Level 3 within the FASB ASC Topic 820, “Fair Value Measurements” fair value hierarchy.

In addition, we also incurred ongoing facility-related costs associated with certain properties that resulted in additional restructuring charges of $0.7 million and $3.4 million in the three and nine months ended January 31, 2023, respectively. We also incurred consulting costs of $0.2 million and $0.6 million and other activities of $0.8 million and $1.0 million in the three and nine months ended January 31, 2023, respectively.

In the three months ended January 31, 2023, due to the political instability and military actions between Russia and Ukraine, we made the decision to close our operations in Russia which primarily consists of technology development resources. We expect to be substantially completed by April 30, 2023, except for the liquidation of the operations in our fiscal year 2024. Included in the table above are restructuring charges for the three and nine months ended January 31, 2023 of $7.5 million, related to these actions, and include the following:


	April 30, 2022		Charges		Payments		Foreign Translation & Other Adjustments		January 31, 2023
Severance and termination benefits	$	—	$	24,613	$	(16,157)	$	222	$	8,678
Consulting costs	—		597		(597)		—		—
Other activities	—		981		(814)		(60)		107
Total	$	—	$	26,191	$	(17,568)	$	162	$	8,785

Approximately $7.8 million of the restructuring liability for accrued severance and termination benefits is reflected in Accrued employment costs and approximately $0.9 million is reflected in Other long-term liabilities on our Unaudited Condensed Consolidated Statement of Financial Position. The liability for Other activities is reflected in Other accrued liabilities.


	Three Months Ended January 31,				Nine Months Ended January 31,				Total Charges Incurred to Date
	2023		2022		2023		2022
(Credits) Charges by Segment:
Research	$	(2)	$	—	$	(2)	$	238	$	3,880
Academic	28		261		31		(347)		12,448
Talent	(106)		(41)		(114)		245		5,032
Corporate Expenses	27		228		1,007		(1,297)		44,397
Total Restructuring and Related (Credits) Charges	$	(53)	$	448	$	922	$	(1,161)	$	65,757

(Credits) Charges by Activity:
Severance and termination benefits	$	(238)	$	(291)	$	(225)	$	(2,861)	$	34,894
Impairment of operating lease ROU assets and property and equipment	—		—		—		—		15,079
Acceleration of expense related to operating lease ROU assets and property and equipment	—		—		—		—		3,378
Facility related charges, net	185		739		1,147		1,700		10,666
Other activities	—		—		—		—		1,740
Total Restructuring and Related (Credits) Charges	$	(53)	$	448	$	922	$	(1,161)	$	65,757

The credits in severance and termination benefits activities for the three and nine months ended January 31, 2023 and 2022 primarily reflects changes in the number of headcount reductions and estimates for previously accrued costs.

Facilities related charges, net include sublease income related to those operating leases we had identified in the year ended April 30, 2021 as part of our Business Optimization program that would be subleased.


	April 30, 2022		(Credits)		Payments		Foreign Translation & Other Adjustments		January 31, 2023
Severance and termination benefits	$	2,079	$	(225)	$	(642)	$	14	$	1,226
Total	$	2,079	$	(225)	$	(642)	$	14	$	1,226

The restructuring liability for accrued severance and termination benefits is reflected in Accrued employment costs on our Unaudited Condensed Consolidated Statement of Financial Position as of January 31, 2023.