Symantec 2003 Annual Report Download - page 29

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Symantec 2003 27
Employees
As of March 31, 2003, we employed approximately 4,300 people world-
wide, including approximately 2,200 in sales, marketing and related
staff activities (with over 600 employees in our direct sales force),
1,100 in product development, 200 in services and 800 in management,
manufacturing, administration and finance. In connection with the relo-
cation of our Leiden, Netherlands operations to Dublin, Ireland in early
fiscal year 2003, a group of employees in the Leiden facility joined a
union to negotiate the proposed terms of the transfer of operations
to our Dublin facility, focusing primarily on severance benefits for
employees that do not relocate to Dublin. Except for these terminated
employees, no other employees are represented by a labor union. We
believe that relations with our employees are good.
Properties
Our principal administrative, sales and marketing facilities are located
in Cupertino, California. We lease a number of additional facilities for
administrative, marketing, localization and technical support in the
United States, China, Ireland, Japan, the Netherlands, New Zealand
and Taiwan; for administration, marketing and technical support in
Australia, Brazil, India, Malaysia, Singapore, and South Korea; for manu-
facturing in Ireland; and for administration and marketing in Austria,
Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany,
Hong Kong, Hungary, Israel, Italy, Mexico, Norway, Poland, Russia, South
Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates and
the United Kingdom.
In March 2003, we terminated our operating lease obligations for four
facilities located in Springfield, Oregon, Newport News, Virginia and two
in Cupertino, California by purchasing the land and buildings for approx-
imately $123.9 million.
We believe that our facilities are adequate for current needs and that
additional or substitute space will be available as needed to accommo-
date any future expansion of our operations.
Statement Regarding Use of Non-GAAP
Financial Measures
In addition to reporting financial results in accordance with generally
accepted accounting principles, or GAAP, we include non-GAAP financial
results in our earnings press releases and presentations to investors.
Our non-GAAP net income and earnings per share presentations gener-
ally exclude acquisition related charges, such as acquired in-process
research and development and amortization of goodwill and other
intangibles, and certain other charges, such as restructurings and site
closures, as well as the tax effects of these items. Our management
believes these non-GAAP measures are useful to investors because they
provide supplemental information that facilitates comparisons to prior
periods. Management uses these non-GAAP measures to evaluate its
financial results, develop budgets and manage expenditures. These
non-GAAP measures may differ from the non-GAAP measures used by
other companies and should not be regarded as a replacement for
corresponding GAAP measures.