Juno 2014 Annual Report Download - page 123
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Table of Contents
Restructuring and other exit costs were as follows (in thousands):
In the year ended December 31, 2013, the Company recorded restructuring and other exit costs totaling $2.5 million, consisting of $2.3 million and
$0.2 million of employee termination costs and contract termination costs, respectively, in the Content & Media segment. These restructuring charges were a
result of management's decision to streamline operations and increase profitability.
In the year ended December 31, 2014, the Company recorded restructuring and other exit costs totaling $2.0 million in the Content & Media segment,
consisting of $1.6 million and $0.4 million of employee termination costs and facility closure and relocation costs, respectively. In the year ended
December 31, 2014, the Company recorded employee termination costs totaling $1.2 million in unallocated corporate expenses and $0.4 million in the
Communications segment. These restructuring charges were a result of management's decision to streamline operations and increase profitability. At
December 31, 2014, accrued restructuring and other exit costs totaled $0.2 million, which will be paid within 12 months.
Future minimum lease payments at December 31, 2014 under noncancelable operating leases with initial lease terms in excess of one year were as
follows (in thousands):
F-41
Accrued restructuring and other
exit costs at December 31,
2011 $ 3,676 $ — $ — $ 3,676
Restructuring and other exit
costs 91 — — 91
Cash paid for restructuring
and other exit costs (3,699) — — (3,699)
Accrued restructuring and other
exit costs at December 31,
2012 68 — — 68
Restructuring and other exit
costs 2,272 — 229 2,501
Cash paid for restructuring
and other exit costs (2,105) — (229) (2,334)
Accrued restructuring and other
exit costs at December 31,
2013 235 — — 235
Restructuring and other exit
costs 3,191 367 — 3,558
Cash paid for restructuring
and other exit costs (3,220) (367) — (3,587)
Accrued restructuring and other
exit costs at December 31,
2014 $ 206 $ — $ — $ 206
Noncancelable
operating
leases $ 18,966 $ 3,955 $ 3,871 $ 2,766 $ 2,386 $ 2,434 $ 3,554