Restructuring

During fiscal year 2016, Semtech Corporation announced a worldwide reduction in force as part of an overall plan to align operating expenses with business conditions and to leverage recent infrastructure investments.

Restructuring related liabilities are included within “Accrued liabilities” within the condensed consolidated balance sheets as of October 30, 2016 and January 31, 2016, respectively. Restructuring charges, if any, are presented within “Restructuring charge” within the unaudited condensed consolidated statements of income.

The following table summarizes the restructuring activity for the nine months ended October 30, 2016:



(in thousands)	One-time employee termination benefits
Balance at January 31, 2016	$	342
Adjustments	—
Cash payments	(336		)
Balance at October 30, 2016	$	6