Seagate 2007 Annual Report Download - page 138

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
—
(
Continued)
charges to the Company’s acquisition of Maxtor which include $34 million in integration and retention costs, net of related tax effects,
$34 million in the amortization of intangibles and $13 million in stock-based compensation charges related to Maxtor options assumed and
nonvested shares exchanged, net of related tax effects.
The results for the second quarter of fiscal year 2007 include approximately $25 million of stock-based compensation, $19 million in
charges related to the redemption of the Company’s 8% Notes, Maxtor’s operating losses and charges related to the Company’s acquisition of
Maxtor Corporation which include $10 million in integration and retention costs, net of related tax effects, $40 million in the amortization of
intangibles, $18 million in customer compensatory claims relating to legacy Maxtor products and $7 million in stock-based compensation
charges related to Maxtor options assumed and nonvested shares exchanged.
The results for the third quarter of fiscal year 2007 include approximately $29 million of stock-based compensation and charges related to
the Company’s acquisition of Maxtor, which include $53 million in the amortization of intangibles.
The results for the fourth quarter include a $359 million tax benefit resulting from a favorable adjustment to the valuation allowance
related to our deferred tax assets, $24 million of stock-based compensation expense, a $29 million net restructuring and impairment charges and
$23 million in amortization of intangibles related to the Maxtor acquisition.
137