RESTRUCTURING CHARGES

12 Months Ended

Sep. 30, 2016

NOTE 5. RESTRUCTURING CHARGES

During fiscal year 2015, the Company undertook restructuring efforts to (i) lower expenses by reducing the investment in legacy solutions and realigning international operations, primarily impacting engineering and product development, and (ii) further reduce the workforce across all functional areas of the Company in an effort to rebalance investments to match the go-to-market model. The restructuring efforts began during the quarter ended December 31, 2014 and continued during the quarter ended March 31, 2015, when the remaining employees impacted by the restructuring were notified. The Company recorded restructuring charges of $1.8 million during fiscal year 2015 including severance and related benefit costs related to workforce reductions. The Company completed all restructuring actions associated with these plans during fiscal year 2015. The Company did not undertake any restructuring efforts during fiscal 2016.

The following table presents the changes in the accrual for restructuring charges, which is included under the caption “Accrued expenses” in our consolidated balance sheets, as of September 30, 2015 (in thousands):


Balance at September 30, 2014	$	-
Charges		1,786
Payments		(1,555)
Balance at September 30, 2015		231
Charges		-
Payments		(231)
Balance at September 30, 2016	$	-

The following table presents restructuring charges included in our consolidated statements of operations, for the year ended September 30, 2015 (in thousands):


Cost of maintenance and services	$	401
Sales and marketing		804
Engineering and product development		345
General and administrative		236
Total	$	1,786