Yahoo 2015 Annual Report Download - page 149
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Note 15 Restructuring Charges, Net
Restructuring charges, net consists of employee severance pay and related costs, accelerations 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, 2013, 2014, and 2015, restructuring charges, net was comprised of
the following (in thousands):
Year Ended December 31,
2013 2014 2015
Employee severance pay and related costs
$ 12,337 $ 30,749 $ 69,042
Non-cancelable lease, contract termination, and other charges
15,822 79,317 36,526
Reversals of previous charges
(24,940) (3,222) (7,404)
Non-cash accelerations of stock-based compensation expense
— — 2,705
Other non-cash charges (credits), net
547 (3,394) 3,150
Restructuring charges, net
$ 3,766 $103,450 $104,019
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, 2013, 2014, and 2015, restructuring charges, net consists of the following (in
thousands):
Year Ended December 31,
2013 2014 2015
Americas
$ 571 $ 76,134 $ 68,637
EMEA
2,862 25,612 31,251
Asia Pacific
333 1,704 4,131
Restructuring charges, net
$3,766 $103,450 $104,019
The Company has implemented multiple 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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