Symantec 2002 Annual Report Download - page 100

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SYMANTEC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
abandoned Ñxed asset and leasehold improvement write-oÅs. As of March 31, 2002, we had an accrual of
approximately $6.8 million outstanding related to rent and related exit costs of the facilities and related
abandoned Ñxed asset and leasehold improvement write-oÅs. During the June 2002 quarter, we will record
costs of severance, related beneÑts and outplacement services, as a result of the relocation of our Leiden,
Netherlands operations to Dublin, Ireland.
Also during the March 2002 quarter, we recorded approximately $950,000 for the costs of severance,
related beneÑts and outplacement services, as we reorganized various operating functions. As a result, our
workforce was reduced by 29 employees. As of March 31, 2002, we had an accrual of approximately $536,000
outstanding for related severance, beneÑts and outplacement services.
During the December 2001 quarter, we recorded approximately $9.4 million for exit costs associated with
the relocation of our North American support group from Eugene, Oregon to an expanded facility in
SpringÑeld, Oregon. These costs included approximately $6.7 million in rent remaining on the abandoned
facilities in Eugene, Oregon and related exit costs, and $2.7 million in related abandoned leasehold
improvement write-oÅs. As of March 31, 2002, we had an accrual of approximately $6.2 million outstanding
related to rent and related exit costs of the facilities.
During the June 2001 quarter, we recorded approximately $2.0 million for the costs of employee
severance, related beneÑts, outplacement services and abandonment of certain facilities primarily related to
former AXENT operations. As a result, our workforce was reduced by 58 employees. These severance, related
beneÑts and outplacement costs were paid by the end of the September 2001 quarter. As of March 31, 2002,
we had approximately $233,000 accrual remaining related to the abandoned facilities.
Details of the Ñscal 2002 restructuring, site closures and other expenses were as follows:
Cash/ Original Amount Amount Balance
Non-cash Charge Paid/Used Adjusted at 3/31/02
(In thousands)
Employee severance and outplacement ÏÏÏÏ Cash $ 2,639 $(2,103) $Ì $ 536
Excess facilities and equipment ÏÏÏÏÏÏÏÏÏÏ Cash/non-cash 17,789 (4,627) Ì 13,162
Total restructuring, site closures and
other expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $20,428 $(6,730) $Ì $13,698
During the March 2001 quarter, we reorganized various operating functions, thereby reducing our
workforce by 50 employees, and recorded approximately $1.1 million for the costs of severance, related
beneÑts and outplacement services. In addition, we provided approximately $1.2 million for costs of severance
and related beneÑts for six members of our senior management due to a realignment of certain responsibilities.
These severance, related beneÑts, and outplacement costs were paid by the end of the September 2001
quarter.
During the December 2000 quarter, we reduced a portion of our operations in Toronto, thereby reducing
our workforce by 10 employees, and recorded approximately $400,000 for the costs of severance, related
beneÑts and abandonment of certain equipment. In addition, approximately $900,000 was provided for costs of
severance and related beneÑts for four members of our senior management due to a realignment of certain
responsibilities. These severance and related beneÑts were paid by the end of the March 2001 quarter.
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