Lexmark 2009 Annual Report Download - page 101

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Statements of Earnings. The employee termination benefit charges and contract termination and lease
charges are included in Restructuring and related charges on the Consolidated Statements of Earnings.
For the year ended December 31, 2009 the Company incurred restructuring-related charges (reversals) of
$3.1 million in PSSD, $(0.7) million in ISD and $2.9 million in All other. The $(0.7) million represents a
reversal of previously accrued accelerated depreciation costs that were incorrectly recorded.
Impact to 2008 Financial Results
For the year ended December 31, 2008, the Company incurred charges of $21.5 million for the 2007
Restructuring Plan as follows:
Accelerated depreciation charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $17.3
Employee termination benefit charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.7)
Contract termination and lease charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.9
Total restructuring-related charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $21.5
For the year ended December 31, 2008, the Company incurred $9.2 million of accelerated depreciation
charges in Cost of revenue and $8.1 million in Selling, general and administrative on the Consolidated
Statements of Earnings. Employee termination benefit charges and contract termination and lease
charges are included in Restructuring and related charges on the Consolidated Statements of Earnings.
For the year ended December 31, 2008, the Company incurred restructuring-related charges of
$4.6 million in PSSD, $0.3 million in ISD and $16.6 million in All other.
During the third quarter of 2008, the Company sold one of its inkjet supplies manufacturing facilities in
Juarez, Mexico for $4.6 million and recognized a $1.1 million pre-tax gain on the sale that is included in
Selling, general and administrative on the Consolidated Statements of Earnings.
Impact to 2007 Financial Results
For the year ended December 31, 2007, the Company incurred $30.8 million for the 2007 Restructuring
plan as follows:
Accelerated depreciation charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5.1
Employee termination benefit charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.7
Total restructuring-related charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $30.8
The accelerated depreciation charges are included in Cost of revenue and the employee termination
benefits are included in Restructuring and related charges on the Consolidated Statements of Earnings. Of
the $30.8 million of restructuring-related charges, the Company incurred $6.5 million in PSSD,
$13.9 million in ISD and $10.4 million in All other.
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