Yahoo 2010 Annual Report Download - page 106
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The activity in the Company’s restructuring accruals for the years ended December 31, 2009 and 2010 is
summarized as follows (in thousands):
Q408
Restructuring
Plan
Q209
Restructuring
Plan
Q409
Restructuring
Plan
Q410
Restructuring
Plan Total
Balance as of January 1, 2009 .............. $89,887 $ — $ — $ — $ 89,887
Employee severance pay and related costs .... 6,430 35,749 14,710 — 56,889
(Reversals) accelerations of stock-based
compensation expense .................. — (7,600) 18,662 — 11,062
Non-cancelable lease, contract termination, and
other charges ......................... 59,429 — 1,335 — 60,764
Other non-cash charges ................... 7,858 — — — 7,858
Reversal of previous charges ............... (8,299) (1,373) — — (9,672)
Restructuring charges, net for the year
ended December 31, 2009 ........... $65,418 $ 26,776 $ 34,707 $ — $ 126,901
Cash paid .............................. (94,668) (30,560) (863) — (126,091)
Non-cash reversals (accelerations) of stock-
based compensation expense ............. — 7,600 (18,662) — (11,062)
Non-cash adjustments .................... (672) 486 (417) — (603)
Balance as of December 31, 2009 ........... $59,965 $ 4,302 $ 14,765 $ — $ 79,032
Employee severance pay and related costs .... 431 344 975 40,992 42,742
Reversals of stock-based compensation
expense .............................. — — — (4,211) (4,211)
Non-cancelable lease, contract termination, and
other charges ......................... 24,525 — 792 — 25,317
Other non-cash charges ................... 72 — 2,725 — 2,797
Reversal of previous charges ............... (5,544) (463) (2,681) — (8,688)
Restructuring charges, net for the year
ended December 31, 2010 ........... $19,484 $ (119) $ 1,811 $36,781 $ 57,957
Cash paid .............................. (30,650) (3,666) (8,386) (7,100) (49,802)
Non-cash reversals of stock-based
compensation expense .................. — — — 4,211 4,211
Non-cash adjustments .................... 685 (517) (3,904) (560) (4,296)
Balance as of December 31, 2010 ........... $49,484 $ — $ 4,286 $33,332 $ 87,102
As of December 31, restructuring accruals were included in the Company’s consolidated balance sheet as follows
(in thousands):
2009 2010
Accrued expenses and other current liabilities ..................................... $42,940 $58,151
Capital lease and other long-term liabilities ....................................... 36,092 28,951
Total restructuring accruals ................................................ $79,032 $87,102
As of December 31, restructuring accruals by segment consisted of the following (in thousands):
2009 2010
Americas .................................................................. $52,860 $68,268
EMEA .................................................................... 25,869 $16,895
Asia Pacific ................................................................ 303 1,939
Total restructuring accruals ................................................ $79,032 $87,102
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