Restructuring of Operations and Other Items

3 Months Ended

Mar. 30, 2014

Restructuring And Related Activities [Abstract]

Restructuring of Operations and Other Items

Note 4 — Restructuring of Operations and Other Items

Restructuring

The following table summarizes items included in restructuring expense:

	Three Months Ended
	March 30, 2014			March 31, 2013
	(In thousands)
Leases	$	4,071	(a)	$	1,768	(a)
Employee severance and benefits		399			4,386
Total	$	4,470		$	6,154

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

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, 2013	$	4,029		$	12,775		$	16,804
Expense		4,071			399			4,470
Utilized		(3,903	)(a)		(7,949	)(a)		(11,852	)
Balance at March 30, 2014	$	4,197	(b)	$	5,225	(b)	$	9,422

(a) Represents cash payments.

(b) The balance remaining for the 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.

Other Items

The Company recorded net charges of $11.0 million during the three months ended March 30, 2014 primarily for legal and other transaction costs related to the merger with Avago. The Company recorded net charges of $14.3 million during the three months ended March 31, 2013 primarily for litigation settlements.