Quantum Corporation Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING CHARGES (Tables)

12 Months Ended

Mar. 31, 2014

The following summarizes the type of restructuring expense for fiscal 2014, 2013 and 2012 (in thousands):

	For the year ended March 31,
	2014		2013		2012
Restructuring expense (benefit) related to cost of revenue	$	539	$	-	$	(300	)
Restructuring expense in operating expense		10,675		10,171		1,930
	$	11,214	$	10,171	$	1,630

	For the year ended March 31,
	2014		2013		2012
Severance and benefits	$	6,139	$	8,251	$	1,585
Facilities		4,303		1,920		345
Other		772		-		(300	)
	$	11,214	$	10,171	$	1,630

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

	Severance and benefits			Facilities			Other			Total
Balance as of March 31, 2011	$	2,885		$	843		$	300		$	4,028
Restructuring costs		1,864			345			-			2,209
Restructuring charge reversal		(279	)		-			(300	)		(579	)
Cash payments		(3,181	)		(748	)		-			(3,929	)
Assumed restructuring liability		23			-			-			23
Balance as of March 31, 2012		1,312			440			-			1,752
Restructuring costs		8,815			1,920			-			10,735
Restructuring charge reversal		(564	)		-			-			(564	)
Cash payments		(6,852	)		(315	)		-			(7,167	)
Balance as of March 31, 2013		2,711			2,045			-			4,756
Restructuring costs		7,522			4,392			772			12,686
Restructuring charge reversal		(1,383	)		(89	)		-			(1,472	)
Cash payments		(7,276	)		(607	)		(702	)		(8,585	)
Other non-cash		-			983			-			983
Balance as of March 31, 2014	$	1,574		$	6,724		$	70		$	8,368

Estimated timing of future payouts:
Fiscal 2015	$	1,574	$	2,701	$	70	$	4,345
Fiscal 2016 to 2021		-		4,023		-		4,023
	$	1,574	$	6,724	$	70	$	8,368