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 and the sub-lease of the Company's San Francisco office.

The Company recorded pre-tax charges of approximately $0.3 million related to the fiscal 2016 restructuring during the three month period ended July 31, 2016. The Company recorded cumulative charges of $2.7 million through fiscal year 2017 related to the fiscal 2016 restructuring and does not expect to record any additional 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. Costs associated with these restructuring activities consisted of severance and related costs. Pre-tax charges related to the fiscal 2017 restructuring were immaterial for the three month period ended July 31, 2017. The Company recorded charges of $1.2 million through July 31, 2017 related to the fiscal 2017 restructuring and does not expect to record any additional charges related to this restructuring.

The Company's restructuring activities for the three months ended July 31, 2017 and 2016 are summarized as follows (in thousands):



	Workforce Reduction			Excess Facilities			Total

Balance at April 30, 2016	$	497		$	546		$	1,043
Restructuring charges	327			—			327
Payments	(341		)	(129		)	(470		)
Balance at July 31, 2016	$	483		$	417		$	900

Balance at April 30, 2017	$	1,108		$	299		$	1,407
Restructuring charges	40			—			40
Payments	(1,148		)	(13		)	(1,161		)
Non-cash settlements of restructuring charges	—			(24		)	(24		)
Balance at July 31, 2017	$	—		$	262		$	262

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