eBay 2011 Annual Report Download - page 119

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 11 – Restructuring
2009 Customer Service Consolidation
In 2009, we began the consolidation of certain customer service facilities in North America and Europe to streamline our operations and
deliver better and more efficient customer support to our users. We completed these activities during the first quarter of 2011. The consolidation
impacted approximately 1,000 employees. In connection with the consolidation, we incurred aggregate costs of approximately $47.2 million ,
primarily related to employee severance and benefits. During 2011 , we incurred a credit of $0.5 million largely due to a change in sublease
assumptions and in 2010 , we incurred restructuring charges of $21.4 million in connection with this consolidation.
The following table summarizes by segment the restructuring costs recognized during the years ended December 31, 2011 and 2010 :
F-27
As of December 31,
2011
2010
(In thousands)
Accrued expenses and other current liabilities:
Acquisition related accrued expenses
$
23,747
$
8,266
Advertising
101,296
100,314
Compensation and related benefits
489,090
348,497
Contractors and consultants
71,209
66,216
Liability for unrecognized tax benefits
—
208,500
Professional fees
127,665
147,880
Restructuring
2,244
5,984
Transaction loss accrual
62,401
31,900
VAT accrual
99,366
124,943
Other current liabilities
533,818
301,388
$
1,510,836
$
1,343,888
As of December 31,
2011
2010
(In thousands)
Accumulated other comprehensive income:
Foreign currency translation
$
113,905
$
394,835
Unrealized gains on investments
587,985
531,181
Unrealized gains (losses) on cash flow hedges
71,849
13,560
Estimated tax provision on above items
(224,271
)
(188,262
)
$
549,468
$
751,314
Year Ended December 31, 2011
Year Ended December 31, 2010
Employee
Severance and
Benefits
Facilities
Total
Employee
Severance and
Benefits
Facilities
Total
(In thousands)
Marketplaces
$
30
$
(519
)
$
(489
)
$
18,607
$
3,223
$
21,830
Payments
—
—
—
(
393
)
—
(
393
)
$
30
$
(519
)
$
(489
)
$
18,214
$
3,223
$
21,437