XML 43 R24.htm IDEA: XBRL DOCUMENT v3.6.0.2
Restructuring and Related Reorganization Charges
 12 Months Ended
Dec. 31, 2016
Restructuring and Related Activities [Abstract]  
Restructuring and Related Reorganization Charges
NOTE 15 — 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 $56 million and $105 million in restructuring and related reorganization charges during 2016 and 2015 as well as $26 million during the fourth quarter ended December 31, 2014. The 2016 and 2015 charges were primarily related to employee severance and benefits as a part of the Orbitz integration and represents estimated severance amounts under pre-existing written plans and contracts Orbitz had with its employees, stock-compensation charges for acceleration of replacement awards pursuant to certain of these agreements as well as incremental retention compensation for exiting employees. Based on current plans, which are subject to change, we expect to incur approximately $10 to $15 million in 2017 related to these integrations and estimates do not include any possible future acquisition integrations.
The following table summarizes the restructuring and related reorganization activity for 2015 and 2016:
 
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