Symantec 2009 Annual Report Download - page 103
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general and administrative expenses in fiscal 2008 as compared with fiscal 2007 is primarily due to higher salaries
and wages resulting from the Altiris and Vontu acquisitions offset by a gradual reduction in headcount during fiscal
2008.
Amortization of other purchased intangible assets
Fiscal
2009 $ %
Fiscal
2008 $ %
Fiscal
2007
2009 vs. 2008 2008 vs. 2007
($ in thousands)
Amortization of other purchased
intangible assets ................ $233,461 $8,330 4% $225,131 $23,629 12% $201,502
Percentage of total net revenues ...... 4% 4% 4%
Other purchased intangible assets are comprised of customer base and tradenames. Amortization for the fiscal
2009 compared to the fiscal 2008 remained relatively stable. The increased amortization in fiscal 2008 is primarily
associated with a full year of amortization of intangible assets associated with the Altiris purchase which occurred
in April 2007.
Restructuring
Fiscal
2009 $ %
Fiscal
2008 $ %
Fiscal
2007
2009 vs. 2008 2008 vs. 2007
($ in thousands)
Severance....................... $63,776 $ 4,443 $59,333 $ (7,660) $66,993
Facilities and other ................ 10,830 (3,751) 14,581 11,338 3,243
Transition, transformation and other
costs......................... 21,010 21,010 — (744) 744
Restructuring ...................... $95,616 $21,702 29% $73,914 $ 2,934 4% $70,980
Percentage of total net revenues ........ 2% 1% 1%
In connection with the restructuring plans described in Note 9 of the Notes to Consolidated Financial
Statements in this annual report, restructuring charges increased to $96 million for fiscal 2009 from $74 million in
fiscal 2008. The 2009 restructuring amount primarily consisted of severance charges of $64 million largely related
to the 2009 Plan (as defined in Note 9) reduction in force and the 2008 Plan business structure changes, $21 million
related to the outsourcing of back office functions to various third-party outsourcers and $11 million related to
facilities costs associated with earlier acquisitions. The 2008 amount primarily consisted of severance charges of
$59 million largely related to the reduction in force actions in both the 2008 Plan and 2007 Plan (each as defined in
Note 9) and $15 million related to facilities costs associated with earlier acquisitions. Restructuring charges
increased slightly in fiscal 2008 from $71 million in fiscal 2007. The 2007 amount primarily consisted of severance
charges related to the 2007 Plan reduction in force.
Total remaining costs for the 2008 Plan are estimated to range from $25 million to $55 million. Total remaining
costs for the transition activities associated with outsourcing back office functions are estimated to be approx-
imately $40 million. Total remaining costs related to the 2009 Plan and 2007 Plan are not expected to be material.
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