Restructuring Expenses

3 Months Ended

Dec. 31, 2012

9. Restructuring Expenses

During the quarter ended December 31, 2012, we incurred net charges totaling $2.5 million primarily consisting of $1.6 million in facilities charges associated with vacating excess leased space in Minnesota, $1.1 million in severance charges due to the elimination of 52 positions primarily in the U.S., and a reversal of $0.2 million of previously recognized severance costs due to favorable adjustments. Cash payments for all the severance costs will be paid by the end of our second quarter of fiscal 2013. Cash payments for all the facilities charges will be paid by fiscal 2014.

The following table summarizes our restructuring accruals and certain FICO facility closures. The current portion and non-current portion is recorded in other accrued current liabilities and other long-term liabilities, respectively, within the accompanying condensed consolidated balance sheets. These balances are expected to be paid by the end of fiscal 2018.


	Accrual at September 30, 2012			Expense Additions		Cash Payments			Expense Reversals			Accrual at December 31, 2012
	(In thousands)
Facilities charges	$	3,333		$	1,624	$	(390	)	$	—		$	4,567
Employee separation		2,471			1,095		(2,344	)		(253	)		969

		5,804		$	2,719	$	(2,734	)	$	(253	)		5,536

Less: current portion		(4,944	)										(4,384	)

Non-current	$	860										$	1,152

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References+ Details