Accrued Restructuring and Acquisition Integration Costs

12 Months Ended

Nov. 30, 2013

Accrued Restructuring And Acquisition Integration Costs

Accrued Restructuring and Acquisition Integration Costs

Accrued Restructuring Costs

2013 Restructuring Plan. In order to achieve cost efficiencies and realign our resources and operations, our Board of Directors approved a restructuring plan initiated by management during the third quarter of fiscal year 2013. The restructuring charges are primarily intended to increase efficiencies and reduce redundancies, including those arising from recent acquisitions. As of November 30, 2013, the total restructuring costs associated with the 2013 restructuring plan are estimated to be $14.0 million, of which $12.6 million are presented as restructuring charges in our Condensed Consolidated Statements of Operations and the remaining restructuring charges are expected to be incurred in our first quarter of fiscal year 2014. Changes in estimates, if any, will be reflected in our future results of operations. We expect to fulfill our remaining cash obligations associated with this restructuring no later than 2014.

2011 Restructuring Plan. In order to achieve cost efficiencies and realign our resources and operations, our Board of Directors approved a restructuring plan initiated by management during the fourth quarter of fiscal year 2011. The restructuring charges were primarily related to excess facilities and other corporate actions aimed to increase efficiencies and reduce redundancies, including those arising from recent acquisitions. As of November 30, 2013, the total restructuring costs associated with the 2011 restructuring plan were $8.2 million and are presented as restructuring charges in our Consolidated Statements of Operations. We recognized $8.8 million of restructuring charges during fiscal year 2011 and released $0.6 million in fiscal year 2012 due to changes in estimates. Changes in estimates, if any, will be reflected in our future results of operations. We expect to fulfill our remaining cash obligations associated with this restructuring no later than 2014.

The following is a summary of activities in accrued restructuring and integration costs for each of the fiscal years ended November 30, 2013 and 2012 (in thousands):



	Accrued Excess Facilities Restructuring			Accrued Severance and Other			Total
As of November 30, 2011	$	2,823		$	5,019		$	7,842
Restructuring charges	(353		)	(295		)	(648		)
Cash paid	(1,139		)	(4,519		)	(5,658		)
As of November 30, 2012	$	1,331		$	205		$	1,536
Restructuring charges	$	483		12,070			12,553
Cash paid	$	(605	)	(7,578		)	(8,183		)
As of November 30, 2013	$	1,209		$	4,697		$	5,906

- 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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