Yahoo 2009 Annual Report Download - page 112

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Yahoo! Inc.
Notes to Consolidated Financial Statements—(Continued)
Note 15 R
ELATED
P
ARTY
T
RANSACTIONS
The Company and other third parties are limited partners in Softbank Capital Partners LP (“Softbank Capital”), a
venture capital fund which is an affiliate of SOFTBANK. In July 1999 and March 2000, the Company made
investments in Softbank Capital of approximately $30 million and $6 million, respectively, which together
represents less than a 5 percent holding in Softbank Capital. Since the Company’s initial investment, the
Company has impaired its entire investment. Pursuant to the Partnership Agreement, the Company invested on
the same terms and on the same basis as all other limited partners.
Revenues from related parties, excluding Yahoo Japan and Alibaba Group, represented approximately 1 percent
of total revenues for the years ended December 31, 2007, 2008, and 2009. Management believes that the terms of
the agreements with these related parties are comparable to the terms obtained in arm’s-length transactions with
unrelated similarly situated customers of the Company.
See Note 4—“Investments in Equity Interests” for additional information related to transactions involving Yahoo
Japan and Alibaba.
Note 16 R
ESTRUCTURING
C
HARGES
,N
ET
Restructuring charges, net consists of costs associated with the four restructuring activities initiated in 2008 and
2009. It includes employee severance pay and related costs, accelerations and reversals of stock-based
compensation expense, facility restructuring costs, and other non-cash charges associated with the exit of
facilities, as well as reversals of restructuring charges arising from changes in estimates. The Company had no
restructuring charges or accruals in 2007.
For the years ended December, 31, 2008 and 2009, restructuring charges, net was comprised of the following (in
thousands):
Year Ended December 31,
2008 2009
Employee severance pay and related costs ..................................... $109,548 $ 48,696
Non-cancelable lease, contract terminations, and other charges ..................... 19,617 59,285
Other non-cash charges .................................................... 7,925 7,858
Sub-total before (reversals) accelerations of stock-based compensation expense . . . 137,090 115,839
(Reversals) accelerations of stock-based compensation expense .................... (30,236) 11,062
Restructuring charges, net .............................................. $106,854 $126,901
For the years ended December 31, 2008 and 2009, restructuring charges, net by segment consists of the following
(in thousands):
Year Ended December 31, 2008
Q108
Restructuring
Plan
Q408
Restructuring
Plan Total
United States ............................................... $12,130 $67,861 $ 79,991
International ................................................ 3,181 23,682 26,863
Restructuring charges, net ................................. $15,311 $91,543 $106,854
104