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2013 Annual Report
2014 Form 10-K 93
During the third quarter of fiscal 2013, the Board of Directors of the Company approved a world-wide restructuring plan
in line with the Company's strategy, including its continuing shift to cloud and mobile computing ("Fiscal 2013 Plan"). The
approved plan resulted in a reduction of approximately 500 positions and the consolidation of eight leased facilities, with an
aggregate charge of $46.2 million to date. As of January 31, 2014, the personnel and facilities related actions included in this
restructuring plan were substantially complete.
The following table sets forth the restructuring activities for the fiscal years ended January 31, 2014 and 2013:
Balances,
January 31, 2013 Additions Payments Adjustments (1)
Balances,
January 31, 2014
Fiscal 2013 Plan
Employee termination costs $ 4.5 $ 0.8 $ (5.0) $ (0.2) $ 0.1
Lease termination and asset costs 2.8 1.5 (4.2) 0.1 0.2
Fiscal 2014 Plan
Employee termination costs $ — 9.4 (5.7) (0.2) $ 3.5
Lease termination and asset costs $ — 1.1 — 0.2 $ 1.3
Total $ 7.3 12.8 (14.9) (0.1) $ 5.1
Current portion (2) $ 5.8 $ 4.0
Non-current portion (2) 1.5 1.1
Total $ 7.3 $ 5.1
____________________
(1) Adjustments include the impact of foreign currency translation.
(2) The current and non-current portions of the reserve are recorded in the Consolidated Balance Sheets under “Other accrued liabilities”
and “Other liabilities,” respectively.
Balances,
January 31, 2012 Additions Payments Adjustments (1)
Balances,
January 31, 2013
Fiscal 2013 Plan
Employee termination costs $ — $ 41.0 $ (36.1) $ (0.4) $ 4.5
Lease termination and asset costs — 3.3 (0.5) — 2.8
Total $ — $ 44.3 $ (36.6) $ (0.4) $ 7.3
Current portion (2) $ — $ 5.8
Non-current portion (2) — 1.5
Total $ — $ 7.3
____________________
(1) Adjustments include the impact of foreign currency translation.
(2) The current and non-current portions of the reserve are recorded in the Consolidated Balance Sheets under “Other accrued liabilities”
and “Other liabilities,” respectively.