Restructuring and Related Reorganization Charges

12 Months Ended

Dec. 31, 2017

Restructuring and Related Activities [Abstract]

Restructuring and Related Reorganization Charges

NOTE 15 — Restructuring and Related Reorganization Charges

In connection with activities to centralize and optimize certain operations as well as migrate technology platforms in the prior years, primarily related to previously disclosed acquisitions, we recognized $17 million, $56 million and $105 million in restructuring and related reorganization charges during 2017, 2016 and 2015. The charges were primarily related to employee severance and benefits, including severance amounts under pre-existing written plans and contracts Orbitz had with its employees and incremental retention compensation for exiting employees as well as stock-compensation charges for acceleration of replacement awards pursuant to certain employment agreements. Based on current plans, which are subject to change, and excluding any possible future acquisition integrations, we do not expect material restructuring charges in 2018.

The following table summarizes the restructuring and related reorganization activity for 2015, 2016 and 2017:

	Employee Severance and Benefits			Stock-based Compensation			Other			Total
	(In thousands)
Accrued liability as of January 1, 2015	$	10,117		$	—		$	13,658		$	23,775
Charges	66,255			32,749			5,867			104,871
Payments	(29,388		)	—			(18,408		)	(47,796		)
Non-cash items	(1,095		)	(32,749		)	6			(33,838		)
Accrued liability as of December 31, 2015	45,889			—			1,123			47,012
Charges	39,477			12,690			3,740			55,907
Payments	(66,442		)	—			(4,932		)	(71,374		)
Non-cash items	(774		)	(12,690		)	343			(13,121		)
Accrued liability as of December 31, 2016	18,150			—			274			18,424
Charges	8,380			—			8,358			16,738
Payments	(19,005		)	—			(7,722		)	(26,727		)
Non-cash items	810			—			69			879
Accrued liability as of December 31, 2017	$	8,335		$	—		$	979		$	9,314