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103
facilities. We also recognized costs related to the cancellation of certain contracts associated with the wind-down of subsidiaries
and other service contracts held by Macromedia. Total costs incurred for termination benefits and contract terminations were $27.0
million and $3.2 million, respectively, and those actions were completed during fiscal 2007.
Summary of Restructuring Plans
The following table sets forth a summary of restructuring activities related to all of our restructuring plans described above
during fiscal 2011 (in thousands):
Fiscal 2011 Plan:
Termination benefits
Cost of closing redundant facilities
Fiscal 2009 Plan:
Termination benefits
Cost of closing redundant facilities
Omniture Plan:
Termination benefits
Cost of closing redundant facilities
Contract termination
Fiscal 2008 Plan:
Termination benefits
Cost of closing redundant facilities
Macromedia Plan:
Cost of closing redundant facilities
Other
Total restructuring plans
December 3,
2010
$ —
—
1,573
7,302
486
2,720
179
300
2,149
1,658
6
$ 16,373
Costs
Incurred
$ 78,624
3,263
—
3,673
—
—
—
—
—
—
—
$ 85,560
Cash
Payments
$(6,045)
(268)
(387)
(2,001)
—
(1,883)
(179)
(164)
(620)
(1,573)
(6)
$(13,126)
Other
Adjustments
$ 238
—
(123)
(1,702)
(1)
649
—
(136)
647
—
—
$(428)
December 2,
2011
$ 72,817
2,995
1,063
7,272
485
1,486
—
—
2,176
85
—
$ 88,379
Accrued restructuring charges of approximately $88.4 million at December 2, 2011 includes $80.9 million recorded in
accrued restructuring, current and $7.5 million related to long-term facilities obligations recorded in accrued restructuring, non-
current on our Consolidated Balance Sheets. We expect to pay accrued termination benefits through the first half of fiscal 2012
and facilities-related liabilities under contract through fiscal 2021.
NOTE 12. BENEFIT PLANS
Retirement Savings Plan
In 1987, we adopted an Employee Investment Plan, qualified under Section 401(k) of the Internal Revenue Code, which
is a retirement savings plan covering substantially all of our U.S. employees, now referred to as the Adobe 401(k) Retirement
Savings Plan. Under the plan, eligible employees may contribute up to 65% of their pretax or after-tax salary, subject to the Internal
Revenue Service annual contribution limits. In fiscal 2011, we matched 50% of the first 6% of the employee’s eligible compensation.
We contributed $19.6 million, $17.9 million and $15.1 million in fiscal 2011, 2010 and 2009, respectively. We can terminate
matching contributions at our discretion.
Profit Sharing Plan
Our profit sharing plan was discontinued effective fiscal 2010. The profit sharing plan provided for profit sharing payments
to all eligible employees following each quarter in which we achieved at least 75% of our budgeted earnings for the quarter for
fiscal 2009. The plan, as well as the annual operating budget on which the plan was based, was approved by our Board of Directors.
We contributed $13.3 million to the plan in fiscal 2009.
Table of Contents
ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)