Restructuring Charges

Fiscal 2016 Restructuring

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 included workforce reduction charges, and facilities charges related to the loss recorded on the sub-lease of excess office space at the Company's headquarters.

The Company recorded pre-tax charges of approximately $1.1 million and $1.6 million related to the fiscal 2016 plan for the years ended April 30, 2017 and 2016, respectively, consisting primarily of a loss on the sublease of the Company's San Francisco office which commenced in August 2016, a loss on sublease of the first floor of our corporate headquarters which the Company began sub-leasing on May 1, 2016 and severance and related costs. The Company has recorded charges of $2.7 million to date and does not expect to record any additional significant charges related to this restructuring.

Fiscal 2017 Restructuring

In April 2017, the Company reduced its advertising sales expenses to better align with the Company's growth expectations and reduced organization layers to streamline operations. The Company recorded pre-tax charges of approximately $1.1 million related to the fiscal 2017 restructuring during the year ended April 30, 2017, consisting of severance and related costs. All charges expected to be incurred related to the fiscal 2017 restructuring were accrued in the fourth quarter of fiscal 2017 and are expected to be paid in the first quarter of fiscal 2018.

As of April 30, 2017, 2016 and 2015, 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
Restructuring charges	1,567			635			2,202
Payments	(956		)	(294		)	(1,250		)
Non-cash settlements of restructuring charges	—			(588		)	(588		)
Balance at April 30, 2017	1,108			299			1,407

Expenses recorded related to these restructuring activities are included in the "Restructuring charges" line item in our consolidated statement of operations.