Restructuring and Other Items

3 Months Ended

Apr. 01, 2012

Restructuring and Other Items [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
	April 1, 2012			April 3, 2011
	(In thousands)
Lease terminations	$	1,634	(a)	$	1,688	(a)
Employee severance and benefits		431			1,643	(b)
Total restructuring expense		2,065			3,331
Other items, net		13,397	(c)		(525	)
Total restructuring of operations and other items, net	$	15,462		$	2,806

(a) Includes changes in time value, on-going operating expense and changes in estimates incurred from previously vacated facilities.

(b) Relates to restructuring actions taken during the first quarter of 2011 as the Company continued to streamline operations.

(c) Primarily consists of $8.3 million of SandForce acquisition-related costs and $4.6 million of costs associated with the transition service agreements entered into in connection with the sale of the external storage systems business.

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

	Lease Terminations			Employee Severance and Benefits			Total
Balance at December 31, 2011	$	11,752		$	10,444		$	22,196
Expense		1,634			431			2,065
Utilized		(2,564	)(a)		(8,168	)(a)		(10,732	)
Balance at April 1, 2012	$	10,822	(b)	$	2,707	(b)	$	13,529

(a) Represents cash payments.

(b) The balance remaining for lease terminations is expected to be paid during the remaining terms of the leases, which extend through 2013. The balance remaining for employee severance and benefits is expected to be paid by the end of the second quarter of 2012.