Restructuring and Other Items

9 Months Ended

Sep. 29, 2013

Restructuring And Related Activities [Abstract]

Restructuring and Other Items

Note 4 — Restructuring and Other Items

The following table summarizes items included in restructuring of operations and other items, net:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(In thousands)
Leases	$	43	(a)	$	901	(a)	$	3,842	(a)	$	3,716	(a)
Employee severance and benefits		2,870			1,239			9,426			2,698
Other exit costs		—			3,515	(b)		—			3,515	(b)
Total restructuring expense		2,913			5,655			13,268			9,929
Other items, net		3,826			(1,434	)		21,730	(c)		16,245	(d)
Total restructuring of operations and other items, net	$	6,739		$	4,221		$	34,998		$	26,174

(a) Includes lease obligation costs and related changes in estimates, changes in time value and other ongoing expenditures.

(b) Primarily consists of a $2.7 million loss on the sale of a property.

(c) Primarily includes $13.7 million for litigation settlements.

(d) Primarily consists of $8.4 million of acquisition-related costs and $6.7 million of costs related to the transition service agreement associated with the sale of the external storage systems business.

The following table summarizes the significant activities within, and components of, the Company’s restructuring obligations:

	Leases			Employee Severance and Benefits			Total
	(In thousands)
Balance at December 31, 2012	$	12,991		$	5,003		$	17,994
Expense		3,842			9,426			13,268
Utilized		(11,468	)(a)		(9,824	)(a)		(21,292	)
Balance at September 29, 2013	$	5,365	(b)	$	4,605	(b)	$	9,970

(a) Represents cash payments.

(b) The balance remaining for lease obligations is expected to be paid during the remaining terms of the leases, which extend through the first quarter of 2015. The majority of the balance remaining for employee severance and benefits is expected to be paid by the second quarter of 2014.