Restructuring Expenses

3 Months Ended

Dec. 31, 2013

8. Restructuring Expenses

During the quarter ended December 31, 2013, we incurred $3.7 million in severance charges due to the elimination of 83 positions throughout the company. Cash payments for all the severance costs will be paid by the end of the second quarter of our fiscal 2014.

The following table summarizes our restructuring accruals and certain FICO facility closures. These balances, which are expected to be paid by the end of fiscal 2014, are recorded in other accrued current liabilities within the accompanying condensed consolidated balance sheets.


	Accrual at							Accrual at
	September 30,		Expense		Cash			December 31,
	2013		Additions		Payments			2013
	(In thousands)
Facilities charges	$	1,732	$	—	$	(580	)	$	1,152
Employee separation		—		3,660		(2,512	)		1,148

	$	1,732	$	3,660	$	(3,092	)	$	2,300

- 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.

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