ACCRUED RESTRUCTURING COSTS

9 Months Ended

Aug. 31, 2013

2013 Restructuring Plan

Our Board of Directors approved a restructuring plan initiated by management in June 2013 (“2013 Restructuring Plan”). The restructuring charges are primarily intended to increase efficiencies and reduce redundancies, including those arising from recent acquisitions. The total restructuring costs associated with the 2013 Restructuring Plan are estimated to be $14.0 million, of which $8.9 million are presented as restructuring charges in our Condensed Consolidated Statements of Operations for the fiscal quarter ended August 31, 2013 and the remaining restructuring charges are expected to be incurred in our fourth fiscal quarter ending November 30, 2013. Changes in estimates, if any, will be reflected in our future results of operations. We expect to fulfill most of the obligations associated with this restructuring no later than 2014.

The following is a summary of activities in accrued restructuring costs for the nine months ended August 31, 2013 under the 2013 and prior years restructuring plans (in thousands):



	Accrued Facilities Restructuring			Accrued Severance and Other			Total
As of November 30, 2012	$	1,331		$	205		$	1,536
Restructuring charges	404			8,467			8,871
Cash utilized	(679		)	(4,211		)	(4,890		)
As of August 31, 2013	$	1,056		$	4,461		$	5,517

The remaining accrued excess facilities costs represent the estimated loss on abandoned excess facilities, net of estimated sublease income, which is expected to be paid over the next two years.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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