XML 22 R11.htm IDEA: XBRL DOCUMENT v3.3.1.900
Restructuring Charges
6 Months Ended
Dec. 31, 2015
Restructuring Charges [Abstract]  
Restructuring and Related Activities Disclosure [Text Block]
In June 2015, our Board of Directors approved a plan (the “Margin Acceleration Program”) to restructure our operations to improve the productivity and efficiency of the Company, simplify the organization, and streamline decision-making, thereby enhancing client engagement. The Margin Acceleration Program is company-wide. The activities under the Margin Acceleration Program are expected to be substantially completed by June 2016. In the fourth quarter of Fiscal Year 2015, the first quarter of Fiscal Year 2016, and the second quarter of Fiscal Year 2016, we recorded $20.0 million, $14.8 million and $10.4 million, respectively, in restructuring charges related to the Margin Acceleration Program.
Changes in the restructuring accrual during the first six months of Fiscal Year 2016 are summarized below:
 
 
Balance at
 
Charges/(Benefits)
 
Payments/Foreign
Currency Exchange
 
Balance at
 
 
June 30, 2015
 
 
 
December 31, 2015
2015 Margin Acceleration Program
 
 
 
 
 
 
 
 
Employee severance
 
$
20.0

 
$
20.9

 
$
(9.3
)
 
$
31.6

Facilities-related
 

 
4.3

 
(0.6
)
 
3.7

Pre-Fiscal Year 2012 Restructuring Plans
 
 
 
 
 
 
 
 
Facilities-related
 
0.3

 

 
(0.1
)
 
0.2

Total
 
$
20.3

 
$
25.2

 
$
(10.0
)
 
$
35.5