Autodesk 2015 Annual Report Download - page 190

2015 Form 10-K 98
15. Restructuring Reserves
During fiscal 2014, the Board of Directors of the Company approved a world-wide restructuring plan in order to re-
balance staffing levels to better align them with the evolving needs of the business. The Company authorized plan included a
reduction of approximately 85 positions and the consolidation of four leased facilities, with a total cost of approximately $15.0
million ("Fiscal 2014 Plan"). By July 31, 2014, the personnel and facilities related actions included in this restructuring plan
were substantially complete.
During fiscal 2013, the Board of Directors of the Company approved a world-wide restructuring plan in line with the
Company's strategy, including its continuing shift to cloud and mobile computing ("Fiscal 2013 Plan"). The approved plan
resulted in a reduction of approximately 500 positions and the consolidation of eight leased facilities, with an aggregate charge
of $46.2 million to date. By January 31, 2014, the personnel and facilities related actions included in this restructuring plan
were substantially complete.
The following table sets forth the restructuring activities for the fiscal years ended January 31, 2015 and 2014:
Balances,
January 31, 2014 Additions Payments Adjustments (1) Balances, January 31, 2015
Fiscal 2013 Plan
Employee termination costs $ 0.1 $ — $ — $ (0.1) $ —
Lease termination and asset costs 0.2 0.3 (0.3) 0.2
Fiscal 2014 Plan
Employee termination costs 3.5 2.5 (6.0) — —
Lease termination and asset costs 1.3 0.3 (0.5) 0.3 1.4
Total $ 5.1 $ 3.1 $ (6.8) $ 0.2 $ 1.6
Current portion (2) $ 4.0 $ 0.7
Non-current portion (2) 1.1 0.9
Total $ 5.1 $ 1.6
____________________
(1) Adjustments include the impact of foreign currency translation.
(2) The current and non-current portions of the reserve are recorded in the Consolidated Balance Sheets under “Other accrued liabilities”
and “Other liabilities,” respectively.
Balances,
January 31, 2013 Additions Payments Adjustments (1) Balances, January 31, 2014
Fiscal 2013 Plan
Employee termination costs $ 4.5 $ 0.8 $ (5.0) (0.2) $ 0.1
Lease termination and asset costs 2.8 1.5 (4.2) 0.1 0.2
Fiscal 2014 Plan
Employee termination costs — 9.4 (5.7) (0.2) 3.5
Lease termination and asset costs — 1.1 0.2 1.3
Total $ 7.3 $ 12.8 $ (14.9) $ (0.1) $ 5.1
Current portion (2) $ 5.8 $ 4.0
Non-current portion (2) 1.5 1.1
Total $ 7.3 $ 5.1
_______________
(1) Adjustments include the impact of foreign currency translation.
(2) The current and non-current portions of the reserve are recorded in the Consolidated Balance Sheets under “Other accrued liabilities”
and “Other liabilities,” respectively.
2015 Annual Report