Yahoo 2012 Annual Report Download - page 118
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The activity in the Company’s restructuring accruals for the years ended December 31, 2011 and 2012 is
summarized as follows (in thousands):
Restructuring
Plans Prior to
2012
Q2’12
Restructuring
Plan
Q4’12
Korea Business
Closure Total
Balance as of January 1, 2011 .................... $87,102 $ — $ — $ 87,102
Employee severance pay and related costs .......... 22,151 — — 22,151
Non-cash reversals of stock-based compensation
expense .................................... 214 — — 214
Non-cancelable lease, contract termination, and other
charges .................................... 13,025 — — 13,025
Other non-cash charges ......................... 990 — — 990
Changes in estimates and reversals of previous
charges .................................... (11,960) — — (11,960)
Restructuring charges, net for the year ended
December 31, 2011 .......................... $24,420 $ — $ — $ 24,420
Cash paid .................................... (62,205) — — (62,205)
Non-cash reversals of stock-based compensation
expense .................................... (214) — — (214)
Other non-cash charges ......................... (270) — — (270)
Foreign currency .............................. 294 — — 294
Balance as of December 31, 2011 ................. $49,127 $ — $ — $ 49,127
Employee severance pay and related costs .......... 5,924 128,701 4,998 139,623
Non-cash reversals of stock-based compensation
expense .................................... — (3,429) — (3,429)
Non-cancelable lease, contract termination, and other
charges .................................... 8,792 9,997 8,996 27,785
Other non-cash charges ......................... — 40,462 69,434 109,896
Changes in estimates and reversals of previous
charges .................................... (5,085) (32,620) — (37,705)
Restructuring charges, net for the year ended
December 31, 2012 .......................... $ 9,631 $143,111 $ 83,428 $ 236,170
Cash paid .................................... (30,746) (68,018) (4,307) (103,071)
Non-cash reversals of stock-based compensation
expense .................................... — 3,429 — 3,429
Other non-cash charges ......................... (232) (40,148) (69,157) (109,537)
Foreign currency .............................. (64) (3,325) 138 (3,251)
Balance as of December 31, 2012 ................. $27,716 $ 35,049 $ 10,102 $ 72,867
As of December 31, restructuring accruals were included in the Company’s consolidated balance sheets as
follows (in thousands):
2011 2012
Accrued expenses and other current liabilities ..................................... $26,743 $57,642
Capital lease and other long-term liabilities ....................................... 22,384 15,225
Total restructuring accruals ................................................ $49,127 $72,867
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