Liabilities and Restructuring Charges

9 Months Ended

Jul. 31, 2021

In the third quarter of fiscal 2021, the Company initiated a restructuring plan for involuntary and voluntary employee termination and facility closure actions as part of a business reorganization. The total charges under the 2021 restructuring plan (the 2021 Plan) are expected to be in the range of $42 million to $53 million and will consist primarily of severance, termination, and retirement benefits under the 2021 Voluntary Retirement Program (VRP). The 2021 Plan and VRP are expected to be completed in the first quarter of fiscal 2022.

During the three and nine months ended July 31, 2021, the Company recorded restructuring charges of $15.1 million and made payments of $8.3 million under the 2021 Plan. These charges consisted primarily of severance and termination costs. As of July 31, 2021, $6.8 million of payroll and related benefits liabilities remained outstanding and was recorded in accounts payable and accrued liabilities in the unaudited condensed consolidated balance sheets.

Accounts payable and accrued liabilities consist of:


	As of
	July 31, 2021		October 31, 2020
	(in thousands)
Payroll and related benefits	$	486,322	$	492,626
Other accrued liabilities	88,110		101,035
Accounts payable	41,305		30,003
Total	$	615,737	$	623,664

Other long-term liabilities consist of:


	As of
	July 31, 2021		October 31, 2020
	(in thousands)
Deferred compensation liability	$	336,001	$	269,737
Other long-term liabilities	19,446		14,774
Total	$	355,447	$	284,511