Annual report pursuant to Section 13 and 15(d)

Restructuring Charges, Net (Tables)

v2.4.0.6
Restructuring Charges, Net (Tables)
12 Months Ended
Apr. 30, 2013
Changes in Restructuring Liability

Changes in the restructuring liability are as follows:

 

     Severance     Facilities     Total  
     (in thousands)  

Liability as of April 30, 2011

   $ 978      $ 3,943      $ 4,921   

Restructuring (reductions) charges, net

     (324     1,253        929   

Reductions for cash payments

     (586     (2,324     (2,910

Exchange rate fluctuations

     (30     (140     (170
  

 

 

   

 

 

   

 

 

 

Liability as of April 30, 2012

     38        2,732        2,770   

Restructuring charges, net (1)

     16,369        6,488        22,857   

Reductions for cash payments, net of recoveries

     (11,561     (2,437     (13,998

Exchange rate fluctuations

     (27     (54     (81
  

 

 

   

 

 

   

 

 

 

Liability as of April 30, 2013

   $ 4,819      $ 6,729      $ 11,548   
  

 

 

   

 

 

   

 

 

 

 

(1) During fiscal 2013, the Company recovered $1.0 million from a legal settlement (related to premises) attributable to a previous restructuring action.
Summary Of Restructuring Liability By Segment

The restructuring liability by segment is summarized below:

 

     April 30, 2013  
     Severance      Facilities      Total  
     (in thousands)  

Executive Recruitment

        

North America

   $ 918       $ 659       $ 1,577   

Europe, Middle East and Africa (“EMEA”)

     678         856         1,534   

Asia Pacific

     —           69         69   
  

 

 

    

 

 

    

 

 

 

Total Executive Recruitment

     1,596         1,584         3,180   

LTC

     2,497         3,956         6,453   

Futurestep

     277         1,189         1,466   

Corporate

     449         —           449   
  

 

 

    

 

 

    

 

 

 

Liability as of April 30, 2013

   $ 4,819       $ 6,729       $ 11,548   
  

 

 

    

 

 

    

 

 

 

 

     April 30, 2012  
     Severance      Facilities      Total  
     (in thousands)  

Executive Recruitment

        

North America

   $ —         $ 43       $ 43   

EMEA

     38         1,780         1,818   
  

 

 

    

 

 

    

 

 

 

Total Executive Recruitment

     38         1,823         1,861   

Futurestep

     —           909         909   
  

 

 

    

 

 

    

 

 

 

Liability as of April 30, 2012

   $ 38       $ 2,732       $ 2,770