Restructuring

In February 2016, the Board of Directors approved a world-wide restructuring plan (“Fiscal 2017 Plan”) in order to re-balance staffing levels and reduce operating expenses to better align them with the evolving needs of the business. The Company's Fiscal 2017 Plan consist of employee termination benefits related to the reduction of its workforce with expected costs of approximately $76.0 million, and lease terminations and other exit costs expected to be approximately $12.0 million. During the three months ended April 30, 2016, restructuring charges under the Fiscal 2017 Plan included $47.6 million in employee termination benefits and $4.7 million in lease terminations and other exit costs. Other costs primarily consist of legal, consulting, and other costs related to employee terminations and are expensed when incurred.

The Company expects to pay substantially all of the employee termination benefits and facility related liabilities under the Fiscal 2017 Plan by the end of fiscal 2017.

The following table sets forth the restructuring activities during the three months ended April 30, 2016:



	Balance at January 31, 2016		Additions		Payments			Adjustments (1)			Balance at April 30, 2016
Fiscal 2017 Plan
Employee termination costs	$	—	$	47.6	$	(38.2	)	$	—		$	9.4
Lease termination and other exit costs	—		4.7		(1.2		)	(1.9		)	1.6
Total	$	—	$	52.3	$	(39.4	)	$	(1.9	)	$	11.0
Current portion (2)	$	—									$	10.7
Non-current portion (2)	—										0.3
Total	$	—									$	11.0

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(1)	Adjustments include the impact of computer equipment, software, furniture, and leasehold improvement write-offs, and foreign currency translation.


(2)	The current and non-current portions of the reserve are recorded in the Condensed Consolidated Balance Sheets under “Other accrued liabilities” and “Other liabilities,” respectively.