Restructuring Charges

In February 2016, the Company made the decision to suspend sales of its BV Local product, reduce its cost structure to improve operating efficiencies and align resources with its growth strategies. Costs associated with these restructuring activities include workforce reductions charges, and facilities charges related to the loss recorded on the sub-lease of excess office space at the Company's headquarters.

As a result of these restructuring activities, during fiscal year 2016 the Company recorded pre-tax charges of approximately $1.6 million, consisting of $1.0 million for severance and related costs and a $0.5 million loss on the sub-lease of the first floor of our corporate headquarters which the Company began sub-leasing on May 1, 2016. As of April 30, 2016, the accrued liability associated with the Company's restructuring activities consisted of the following (in thousands):



	Workforce Reduction			Excess Facilities		Total
	(in thousands)
Balance at April 30, 2015	$	—		$	—	$	—
Restructuring charges	1,029			546		1,575
Payments	(532		)	—		(532		)
Balance at April 30, 2016	497			546		1,043

Expenses recorded related to these restructuring activities are included in the "Restructuring charges" line item in our consolidated statement of operations. The Company expects to record cumulative pre-tax charges of approximately $2.5 million related to this restructuring, including additional severance and related costs and additional anticipated losses on sub-lease related to the downsizing of the Company's San Francisco office. The Company anticipates the restructuring plan will be substantially complete by the end of the second quarter of fiscal year 2017.