Harley Davidson 2013 Annual Report Download - page 68
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68
The following table summarizes the Motorcycles segment’s 2009 Restructuring Plan reserve activity and balances as
recorded in accrued liabilities for the following years ended December 31 (in thousands):
2013
Employee
Severance
and
Termination
Costs Accelerated
Depreciation Other Total
Balance, beginning of period $ 5,196 $ — $ 161 $ 5,357
Restructuring expense — — 907 907
Utilized – cash (1,645) — (1,068)(2,713)
Utilized – non-cash — — — —
Noncash reserve release (1,551) — — (1,551)
Balance, end of period $ 2,000 $ — $ — $ 2,000
2012
Employee
Severance
and
Termination
Costs Accelerated
Depreciation Other Total
Balance, beginning of period $ 10,089 $ — $ — $ 10,089
Restructuring expense 4,099 — 13,154 17,253
Utilized – cash (6,566) — (12,993)(19,559)
Utilized – non-cash — — — —
Noncash reserve release (2,426) — — (2,426)
Balance, end of period $ 5,196 $ — $ 161 $ 5,357
2011
Employee
Severance
and
Termination
Costs Accelerated
Depreciation Other Total
Balance, beginning of period $ 23,818 $ — $ 2,764 $ 26,582
Restructuring expense 5,062 — 34,470 39,532
Utilized – cash (16,498) — (37,234)(53,732)
Utilized – non-cash — — — —
Noncash reserve release (2,293) — — (2,293)
Balance, end of period $ 10,089 $ — $ — $ 10,089
Other restructuring costs include items such as the exit costs for terminating supply contracts, lease termination costs and
moving costs. During 2013 and 2012, the Company released a portion of its 2011 Restructuring Plan, 2010 Restructuring Plan
and 2009 Restructuring Plan reserves related to employee severance costs as these costs are no longer expected to be incurred.
In addition, the Company released a portion of its 2009 Restructuring Plan reserve related to exiting the Buell product line
during 2010, as these costs are no longer expected to be incurred.