Avid 2014 Annual Report Download - page 90

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84
Restructuring Summary
The following table sets forth the activity in the restructuring accruals for the years ended December 31, 2014, 2013 and 2012 (in
thousands):
Non-Acquisition-Related
Restructuring
Liabilities
Acquisition-Related
Restructuring
Liabilities
Employee-
Related
Facilities-
Related
& Other Employee-
Related Facilities-
Related Total
Accrual balance at January 1, 2012 $ 4,045 $ 6,461 $ — $ 390 $ 10,896
New restructuring charges – operating expenses 14,751 8,081 — — 22,832
Revisions of estimated liabilities (841) 2,229 — 618 2,006
Accretion — 382 — 22 404
Cash payments (14,082)(4,893) — (435) (19,410)
Non-cash write-offs — (1,459) — — (1,459)
Foreign exchange impact on ending balance 425 37 — — 462
Accrual balance at December 31, 2012 4,298 10,838 — 595 15,731
New restructuring charges – operating expenses 3,539 — — 3,539
Revisions of estimated liabilities 50 2,060 — (279) 1,831
Accretion — 586 — 26 612
Cash payments (5,469)(7,394) — (342) (13,205)
Foreign exchange impact on ending balance (19) 12 — — (7)
Accrual balance at December 31, 2013 2,399 6,102 — — 8,501
Revisions of estimated liabilities — (165) — — (165)
Accretion — 565 — — 565
Cash payments (2,340)(4,172) — — (6,512)
Foreign exchange impact on ending balance (1)(45) — — (46)
Accrual balance at December 31, 2014 $ 58 $ 2,285 $ — $ — $ 2,343
The employee-related accruals at December 31, 2014 and 2013 represent severance and outplacement costs to former employees that
will be paid out during the year ended December 31, 2015, and are, therefore, included in the caption “accrued expenses and other
current liabilities” in the Company’s consolidated balance sheets at December 31, 2014 and 2013.
The facilities-related accruals at December 31, 2014 and 2013 represent contractual lease payments, net of estimated sublease income,
on space vacated as part of the Company’s restructuring actions. The leases, and payments against the amounts accrued, extend
through 2021 unless the Company is able to negotiate earlier terminations. Of the total facilities-related accruals, $1.0 million was
included in the caption “accrued expenses and other current liabilities” and $1.3 million was included in the caption “other long-term
liabilities” in the Company’s consolidated balance sheet at December 31, 2014. At December 31, 2013, $3.8 million was included in
the caption “accrued expenses and other current liabilities” and $2.3 million was included in the caption “other long-term liabilities.”