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Restructuring Charges

3 Months Ended

Dec. 31, 2019

In December 2019, the Company initiated a restructuring plan to match strategic and financial objectives and optimize resources for long term growth, including a reduction in force program affecting approximately 75 employees. The Company recorded a restructuring charge of $7.8 million in the first quarter of fiscal 2020. The Company does not expect to record any significant future charges related to the restructuring plan.

During the quarter ended December 31, 2019, the following activity was recorded (in thousands):



	Employee Severance, Benefits and Related Costs
Accrued expenses, October 1, 2019	$	—
Restructuring charges	7,800
Cash payments	(5,282		)
Non-cash items	—
Accrued expenses, December 31, 2019	$	2,518