Restructuring Charges

9 Months Ended

Jan. 31, 2017

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.

The Company recorded pre-tax charges of approximately $0.0 million and $1.1 million during the three and nine month periods ended January 31, 2017, consisting primarily of a loss on the sublease of the Company's San Francisco office which commenced in August 2016 and severance and related costs. As of January 31, 2017 and 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, 2016	$	497		$	546		$	1,043
Restructuring charges	459			635			1,094
Payments	(941		)	(280		)	(1,221		)
Non-cash settlements of restructuring charges	—			(566		)	(566		)
Balance at January 31, 2017	$	15		$	335		$	350

Expenses recorded related to these restructuring activities are included in the "Restructuring charges" line item in our consolidated statement of operations. The Company recorded charges of $2.7 million to date and does not expect to record any additional significant charges related to this restructuring.