Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Apr. 30, 2012

8. Restructuring


The following amounts are reported as a component of accrued liabilities on the Balance Sheet as of April 30, 2012 as follows:


(in thousands)   Severance
Accrual balance as of January 31, 2012   $ 2,225  
Severence charges accrued     96  
Severance costs paid     (1,193 )
Accrual balance as of April 30, 2012   $ 1,128  


During fiscal 2012, we took actions to lower our cost structure as we strive to improve our financial performance and incurred restructuring charges totaling $3.3 million including severance costs of $2.8 million for the termination of 33 employees. The expected completion date will be within the fourth quarter of fiscal 2013.