Yahoo 2014 Annual Report Download - page 145
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Note 15 Restructuring Charges, Net
Restructuring charges, net consists of employee severance pay and related costs, reversals of stock-
based compensation expense, facility restructuring costs, contract termination and other non-cash
charges associated with the exit of facilities, as well as reversals of restructuring charges arising from
changes in estimates.
For the years ended December 31, 2012, 2013, and 2014, restructuring charges, net was comprised of
the following (in thousands):
Year Ended December 31,
2012 2013 2014
Employee severance pay and related costs
$139,623 $ 12,337 $ 30,749
Non-cancelable lease, contract termination, and other charges
27,785 15,822 79,317
Non-cash reversals of stock-based compensation expense
(3,429) — —
Other non-cash charges (credits), net
109,896 547 (3,394)
Changes in estimates and reversals of previous charges
(37,705) (24,940) (3,222)
Restructuring charges, net
$236,170 $ 3,766 $103,450
Although the Company does not allocate restructuring charges to its segments, the amounts of the
restructuring charges relating to each segment are presented below. For the years ended
December 31, 2012, 2013, and 2014, restructuring charges, net consists of the following (in
thousands):
Year Ended December 31,
2012 2013 2014
Americas
$102,623 $ 571 $ 76,134
EMEA
45,360 2,862 25,612
Asia Pacific
88,187 333 1,704
Restructuring charges, net
$236,170 $3,766 $103,450
The Company has implemented various restructuring plans to reduce its cost structure, align
resources with its product strategy and improve efficiency, which have resulted in workforce
reductions and the consolidation of certain real estate facilities and data centers.
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