Danaher 2009 Annual Report Download - page 76

Table of Contents
The previous business combination accounting standards that applied to all acquisitions completed prior to December 31, 2008 required restructuring and
transaction related costs to be accrued as a component of the purchase price allocation. Accrued liabilities for restructuring costs associated with transactions
completed prior to December 31, 2008 include the following ($ in thousands, except headcount):
  

Balance, January 1, 2007 — 465 465
Headcount related to 2007 acquisitions — 61 61
Adjustments to previously provided headcount estimates — (133) (133)
Headcount reductions in 2007 — (64) (64)
Balance, December 31, 2007 — 329 329
Headcount related to 2008 acquisitions — 81 81
Adjustments to previously provided headcount estimates 878 (231) 647
Headcount reductions in 2008 (513) (94) (607)
Balance, December 31, 2008 365 85 450
Adjustments to previously provided headcount estimates — 25 25
Headcount reductions in 2009 (365) (110) (475)
Balance, December 31, 2009 — — —

Balance, January 1, 2007 $ — $ 24,415 $ 24,415
Accrual related to 2007 acquisitions — 1,181 1,181
Adjustments to previously provided reserves — (2,224) (2,224)
Costs paid in 2007 — (14,068) (14,068)
Balance, December 31, 2007 — 9,304 9,304
Accrual related to 2008 acquisitions — 3,812 3,812
Adjustments to previously provided reserves 71,345 (6,193) 65,152
Costs paid in 2008 (48,338) (2,518) (50,856)
Balance, December 31, 2008 23,007 4,405 27,412
Adjustments to previously provided reserves (649) (309) (958)
Costs paid in 2009 (20,895) (2,514) (23,409)
Balance, December 31, 2009 $ 1,463 $1,582 $3,045

Balance, January 1, 2007 $ — $21,948 $21,948
Accrual related to 2007 acquisitions — 521 521
Adjustments to previously provided reserves — 288 288
Costs paid in 2007 — (9,462) (9,462)
Balance, December 31, 2007 — 13,295 13,295
Accrual related to 2008 acquisitions — 1,282 1,282
Adjustments to previously provided reserves 2,713 (4,053) (1,340)
Costs paid in 2008 (286) (4,270) (4,556)
Balance, December 31, 2008 2,427 6,254 8,681
Adjustments to previously provided reserves (226) 2,442 2,216
Costs paid in 2009 (1,316) (4,369) (5,685)
Balance, December 31, 2009 $885 $4,327 $5,212
Adjustments to the restructuring accruals established in the initial purchase price allocation related to acquisitions completed prior to December 31, 2008
represent revisions to estimates made within twelve months of the acquisition date as restructuring plans are finalized. To the extent accruals recorded are not
utilized for the intended purpose, the excess is recorded as a reduction of the purchase price, typically by reducing recorded goodwill balances. Costs incurred
in excess of the recorded accruals are expensed as incurred. Employee termination, facility closure and restructuring costs are presented as a component of the
Company’s accrued expenses in the accompanying balance sheet. Refer to Note 8.
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Source: DANAHER CORP /DE/, 10-K, February 24, 2010 Powered by Morningstar® Document Research℠
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