Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Severance Charges

v3.20.4
Restructuring and Severance Charges
3 Months Ended
Jan. 31, 2021
Restructuring and Related Activities [Abstract]  
Restructuring and Severance Charges Restructuring and Severance Charges
The Company incurred total restructuring and severance costs of $0.6 million and $1.2 million in the first quarter of fiscal 2021 and 2020, respectively.
2020 Restructuring Plan
In the first quarter of fiscal 2020, the Company approved a restructuring plan (the “2020 Plan”) as part of its strategic initiative to optimize the Company’s cost infrastructure. The 2020 Plan leveraged the global capabilities of the Company's staffing operations based in Bangalore, India and off-shored a significant number of strategically identified roles to this location. The total costs incurred in connection with the 2020 Plan were $1.2 million, consisting of $0.1 million in North American Staffing, $0.1 million in International Staffing and $1.0 million in the Corporate and Other category.
Other Restructuring Costs
During the first quarter of fiscal 2021, there were other restructuring actions taken by the Company as part of its continued efforts to reduce costs. The Company recorded severance costs of $0.3 million primarily resulting from the elimination of certain positions and $0.6 million related to ongoing costs of facilities impaired in the second half of fiscal 2020 offset by a $0.3 million lease termination gain.
Accrued restructuring and severance costs are included in Accrued compensation and Accrued insurance and other in the Condensed Consolidated Balance Sheets. Activity for the first three months of fiscal 2021 is summarized as follows (in thousands):
January 31, 2021
Balance, beginning of year $ 212 
Charged to expense 632 
Cash payments (439)
Ending Balance $ 405 
The remaining balance as of January 31, 2021 was $0.4 million, primarily related to other restructuring costs in the Corporate and Other category.