Quantum Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES

6 Months Ended

Sep. 30, 2015

Restructuring and Related Activities [Abstract]

The types of restructuring expense for the three and six months ended September 30, 2015 and September 30, 2014 were (in thousands):



	Three Months Ended					Six Months Ended
	September 30, 2015		September 30, 2014			September 30, 2015		September 30, 2014
Severance and benefits	$	155	$	(20	)	$	227	$	105
Facilities	232		647			418		1,374
Other	—		(3		)	—		10
Total	$	387	$	624		$	645	$	1,489

For the second quarter of fiscal 2016, restructuring charges were largely due to facilities costs incurred as a result of a change in the estimate of lease payments for our facilities in the U.S. Additionally, for the first six months of fiscal 2016, we incurred restructuring charges related to facilities costs as a result of further consolidating our facilities in the U.S. For the second quarter and first six months of fiscal 2015, restructuring charges were primarily due to facilities costs as a result of further consolidating our facilities in the U.S.

Accrued Restructuring

The following tables show the activity and the estimated timing of future payouts for accrued restructuring (in thousands):



	Three Months Ended September 30, 2015
	Severance and Benefits		Facilities			Total
Balance as of June 30, 2015	$	102	$	3,453		$	3,555
Restructuring costs	120		95			215
Adjustment of prior estimates	35		137			172
Cash payments	—		(1,113		)	(1,113		)
Balance as of September 30, 2015	$	257	$	2,572		$	2,829



	Six Months Ended September 30, 2015
	Severance and Benefits			Facilities			Total
Balance as of March 31, 2015	$	189		$	4,657		$	4,846
Restructuring costs	223			394			617
Adjustment of prior estimates	4			24			28
Cash payments	(159		)	(2,546		)	(2,705		)
Other non-cash	—			43			43
Balance as of September 30, 2015	$	257		$	2,572		$	2,829



	As of September 30, 2015
	Severance and Benefits		Facilities		Total
Estimated timing of future payouts:
Next twelve months	$	122	$	1,746	$	1,868
October 2016 through December 2021	135		826		961
	$	257	$	2,572	$	2,829

Facility restructuring accruals will be paid in accordance with the respective facility lease terms and amounts above are net of estimated sublease amounts.