7. Restructuring Charges, Net

During fiscal 2016, the Company implemented a restructuring plan in order to rationalize its cost structure by eliminating redundant positions and consolidating office space due to the acquisition of Legacy Hay Group on December 1, 2015. This resulted in restructuring charges, net of $33.0 million in fiscal 2016, of which $32.1 million relates to severance and $0.9 million, relates to consolidation/abandonment of premises.

During fiscal 2015, the Company took actions to rationalize its cost structure as a result of efficiencies obtained from prior year technology investments that enabled further integration of the legacy business and the recent acquisitions (PDI and Global Novations, LLC) as well as other cost saving initiatives. This resulted in restructuring charges, net of $9.5 million against operations in fiscal 2015, of which $9.2 million relates to severance and $0.3 million, relates to consolidation/abandonment of premises.

During fiscal 2014, the Company continued the implementation of the fiscal 2013 restructuring plan in order to integrate PDI by consolidating and eliminating certain redundant office space around the world and by continuing to consolidate certain overhead functions. This resulted in restructuring charges of $3.7 million against operations in fiscal 2014, of which $0.8 million relates to severance and $2.9 million relates to consolidation of premises.

Changes in the restructuring liability are as follows:


	Severance			Facilities			Total
	(in thousands)
Liability as of April 30, 2014	$	—		$	2,813		$	2,813
Restructuring charges, net		9,224			244			9,468
Reductions for cash payments		(8,396	)		(2,186	)		(10,582	)
Exchange rate fluctuations		(453	)		(100	)		(553	)

Liability as of April 30, 2015		375			771			1,146
Restructuring charges, net		32,151			862			33,013
Reductions for cash payments		(25,625	)		(834	)		(26,459	)
Non-cash items		(1,752	)		(91	)		(1,843	)
Exchange rate fluctuations		144			(39	)		105

Liability as of April 30, 2016	$	5,293		$	669		$	5,962

As of April 30, 2016 and 2015, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets, except for $0.6 million and $0.3 million, respectively, of facilities costs which primarily relate to commitments under operating leases, net of sublease income, which are included in other long-term liabilities.

The restructuring liability by segment is summarized below:


	April 30, 2016
	Severance		Facilities		Total
	(in thousands)
Executive Search
North America	$	—	$	5	$	5
Europe, Middle East and Africa (“EMEA”)		1,533		23		1,556
Asia Pacific		33		—		33

Total Executive Search		1,566		28		1,594
Hay Group		3,727		396		4,123
Futurestep		—		245		245

Liability as of April 30, 2016	$	5,293	$	669	$	5,962


	April 30, 2015
	Severance		Facilities		Total
	(in thousands)
Executive Search
North America	$	51	$	—	$	51
EMEA		210		212		422

Total Executive Search		261		212		473
Hay Group		58		320		378
Futurestep		52		239		291
Corporate		4		—		4

Liability as of April 30, 2015	$	375	$	771	$	1,146