Restructuring and Related Reorganization Charges

6 Months Ended

Jun. 30, 2016

Restructuring and Related Reorganization Charges

Note 10 – Restructuring and Related Reorganization Charges

In connection with the migration of technology platforms and centralization of technology, supply and other operations, primarily related to previously disclosed acquisitions, we recognized $40 million and $10 million in restructuring and related reorganization charges during the six months ended June 30, 2016 and 2015. Based on current plans, which are subject to change, we expect up to $15 million of restructuring charges for the remainder of 2016 (for total 2016 charges of up to $55 million), but these could be higher should we make additional decisions throughout the year and estimates do not include any possible future acquisition integrations.

The following table summarizes the restructuring and related reorganization activity for the six months ended June 30, 2016:

	Employee Severance and Benefits			Stock-based Compensation			Other			Total
	(In thousands)
Accrued liability as of January 1, 2016	$	45,889		$	—		$	1,123		$	47,012
Charges		25,114			11,643			2,879			39,636
Payments		(44,229	)		—			(3,239	)		(47,468	)
Non-cash items		(204	)		(11,643	)		—			(11,847	)
Accrued liability as of June 30, 2016	$	26,570		$	—		$	763		$	27,333