Yahoo 2015 Annual Report Download - page 150
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The Company’s restructuring accrual activity for the years ended December 31, 2014 and 2015 is
summarized as follows (in thousands):
Total
Accrual balance as of December 31, 2013
$ 30,096
Restructuring charges
103,450
Cash paid
(52,301)
Foreign currency translation and other adjustments
2,363
Accrual Balance as of December 31, 2014
$ 83,608
Restructuring charges
104,019
Cash paid
(114,749)
Non-cash accelerations of stock-based compensation expense
(2,705)
Foreign currency translation and other adjustments
(4,282)
Accrual Balance as of December 31, 2015
$ 65,891
The $66 million restructuring liability as of December 31, 2015 consisted of $15 million for employee
severance expenses, which the Company expects to pay out by the end of the second quarter of
2017, and $51 million related to non-cancelable lease costs, which the Company expects to pay over
the terms of the related obligations through the fourth quarter of 2025, less estimated sublease
income.
As of December 31, restructuring accruals were included on the Company’s consolidated balance
sheets as follows (in thousands):
2014 2015
Accrued expenses and other current liabilities
$47,356 $40,283
Other long-term liabilities
36,252 25,608
Total restructuring accruals
$83,608 $65,891
As of December 31, restructuring accruals by segment consisted of the following (in thousands):
2014 2015
Americas
$65,949 $47,054
EMEA
16,797 18,389
Asia Pacific
862 448
Total restructuring accruals
$83,608 $65,891
See Note 20—“Subsequent Events” for additional information.
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