During the three months ended April 30, 2019, we incurred restructuring charges of $0.1 million, primarily for employee-related benefits for terminated employees, partially offset by the reversal of deferred rent.  In September 2018, we announced that we implemented cost-savings actions during the third quarter of fiscal 2019 (the “2019 Restructuring Program”). The primary element of this restructuring program was staff reductions across all of our functions and geographic areas and this program is expected to be completed by the end of the first six months of fiscal 2020. Annualized cost savings are expected to be more than $6 million and severance and restructuring charges are expected to be approximately $2 million.

The following table shows the change in balances since January 31, 2019 of our accrued restructuring reported as a component of other accrued expenses on the consolidated balance sheets: