Harley Davidson 2014 Annual Report Download - page 65

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The 2009 restructuring plan resulted in a reduction of approximately 2,900 hourly production positions and
approximately 800 non-production, primarily salaried positions within the Motorcycles segment and approximately 100
salaried positions in the Financial Services segment.
Under the 2009 Restructuring Plan, restructuring expenses consisted of employee severance and termination costs,
accelerated depreciation on the long-lived assets that were exited as part of the 2009 Restructuring Plan and other related costs.
On a cumulative basis, the Company incurred $393.8 million of restructuring and impairment expense under the 2009
Restructuring Plan, of which approximately 30% was non-cash.
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)
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)
Noncash reserve release (2,426)— — (2,426)
Balance, end of period $5,196 $—$161 $5,357
Other restructuring costs include items such as the exit costs for terminating supply contracts, lease termination costs and
moving costs.
65
4.€€€€Goodwill
The following table summarizes changes in the carrying amount of goodwill in the Motorcycles segment for the
following years ended December€31 (in thousands):€
Motorcycles
Balance, December€31, 2011 $29,081
Currency translation 449
Balance, December€31, 2012 $29,530
Currency translation 922
Balance, December€31, 2013 $30,452
Currency translation (2,700)
Balance, December 31, 2014 $27,752
The Financial Services segment did not have a goodwill balance.