Seagate 2007 Annual Report Download - page 42
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Table of Contents
of acquired intangibles, $27 million in stock-based compensation charges related to Maxtor options assumed and nonvested shares exchanged
and the settlement of $18 million in customer compensatory claims related to legacy Maxtor products.
Year Ended June 30, 2006
Includes $163 million of variable performance
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based compensation, $74 million of stock
-
based compensation expense as a result of our
adoption of Statement of Financial Accounting Standards (SFAS) No. 123 (Revised 2004), Share-Based Payment (SFAS No. 123(R)), Maxtor’s
operating losses from May 19, 2006 through June 30, 2006 and charges related to our acquisition of Maxtor which include $38 million in
integration and retention costs, net of related tax effects, $24 million in the amortization of acquired intangibles and $16 million in stock-based
compensation.
Year Ended July 1, 2005
Includes $131 million of variable performance
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based compensation, a $14 million reduction in operating expenses related to the reduction
in accrued benefit obligations associated with our post-retirement medical plan and approximately $10 million in income from the settlement of
a litigation matter.
Year Ended July 2, 2004
Includes a $125 million income tax benefit from the reversal of accrued income taxes relating to tax indemnification amounts, a
$59 million restructuring charge and $24 million of variable performance-based compensation.
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