Yahoo 2011 Annual Report Download - page 112
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The activity in the Company’s restructuring accruals for the years ended December 31, 2010 and 2011 is
summarized as follows (in thousands):
Q408
Restructuring
Plan
Q209
Restructuring
Plan
Q409
Restructuring
Charges
Q410
Restructuring
Plan
Q111
Restructuring
Plan
Q411
Restructuring
Plan Total
Balance as of January 1,
2010 ................ $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
Employee severance pay
and related costs ....... 8 — 109 3,967 11,434 6,633 22,151
(Reversals) accelerations of
stock-based
compensation expense . . — — (46) (586) (646) 1,492 214
Non-cancelable lease,
contract termination, and
other charges .......... 7,137 — 18 384 2,543 2,943 13,025
Other non-cash charges .... 684 — — — — 306 990
Reversal of previous
charges .............. (2,005) — (1,664) (6,646) (1,645) — (11,960)
Restructuring charges, net
for the year ended
December 31, 2011 ..... $ 5,824 $ — $ (1,583) $ (2,881) $ 11,686 $11,374 $ 24,420
Cash paid .............. (22,018) — (1,494) (27,450) (10,130) (1,113) (62,205)
Non-cash reversals
(accelerations) of stock-
based compensation
expense .............. — — 46 586 646 (1,492) (214)
Non-cash adjustments ..... 179 — (1,255) 244 773 83 24
Balance as of December 31,
2011 ................ $33,469 $ — $ — $ 3,831 $ 2,975 $ 8,852 $ 49,127
As of December 31, restructuring accruals were included in the Company’s consolidated balance sheets as
follows (in thousands):
2010 2011
Accrued expenses and other current liabilities ..................................... $58,151 $26,743
Capital lease and other long-term liabilities ....................................... 28,951 22,384
Total restructuring accruals ................................................ $87,102 $49,127
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