Symantec 2008 Annual Report Download - page 185
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Summary of Restructuring Plans
March 30,
2007
Charges,
Net of
Adjustments
(1)
Cash
Payments
March 28,
2008
Cumulative
Incurred to
Date
Restructuring Liabilities
(In thousands)
2008 Restructuring Plans:
Severance ....................... $ — 41,625 (25,288) $16,337 $41,625
Facilities & Other ................. — 1,283 (252) 1,031 1,283
2007 Restructuring Plans:
Severance ....................... 45,132 16,172 (61,284) 20 85,172
Facilities & Other ................. 2,331 8,973 (8,719) 2,585 9,973
Prior & Acquisition Restructuring Plans:
Severance ....................... 43 1,536 (1,579) — 32,536
Facilities & Other ................. 9,338 8,111 (6,802) 10,647 21,111
Total ......................... $56,844 77,700 (103,924) $30,620
Less purchase price adjustments to
goodwill: ......................... 3,786
73,914
Balance Sheet:
Other Accrued Expenses .............. $52,140 $24,062
Other long-term liabilities ............. 4,704 6,558
$56,844 $30,620
(1)
Total net adjustments for fiscal 2008 of $6 million consist of an $8 million reversal of severance costs related to
the fiscal 2007 restructuring plans based upon actual headcount reduction and a $2 million favorable impact of
foreign currency exchange
103
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)