Restructuring and Acquisition-Related Charges

6 Months Ended

Jun. 30, 2012

Restructuring and Related Activities [Abstract]

Restructuring and Acquisition-Related Charges

Restructuring and Acquisition-Related Charges

For the three and six months ended June 30, 2012, we incurred restructuring and acquisition-related charges of $27.6 million and $53.5 million, respectively. For the three and six months ended June 30, 2011, we incurred restructuring and acquisition-related charges of $21.2 million and $48.1 million, respectively. For the three and six months ended June 30, 2012, we incurred $23.6 million and $47.8 million, respectively, of restructuring charges, primarily related to our current year restructuring programs and $4.0 million and $5.7 million, respectively, of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three and six months ended June 30, 2011, we incurred $17.9 million and $41.2 million, respectively, of restructuring charges, primarily related to our 2011 restructuring programs and $3.3 million and $6.9 million, respectively, of costs in connection with acquisitions for financial advisory, legal and accounting services.

In the first and second quarters of 2012, we implemented separate restructuring programs to create further operational efficiencies which will result in a workforce reduction of 298 and 279 positions, respectively. The actions will impact positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments. All of these actions are expected to be completed within a year of the start of each program.

During 2011, we implemented separate restructuring programs to create further operational efficiencies which will result in a workforce reduction of 787 positions, of which 205 positions were identified in the three months ended June 30, 2011. The actions will impact positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments. All of these actions are expected to be completed by the end of 2012.

For the three and six months ended June 30, 2012, we recognized $4.6 million and $8.3 million, respectively, of lease termination costs for facilities vacated in the period in accordance with our plan as part of all of our restructuring programs. For the three and six months ended June 30, 2011, we recognized $3.8 million and $22.4 million, respectively, of lease termination costs for facilities vacated in the period in accordance with our plan as part of all of our restructuring programs. These costs are expected to be utilized by the end of 2015.

The activity for the restructuring programs is presented below (tables in thousands):

Three Months Ended June 30, 2012

2012 Programs
Category	Balance as of March 31, 2012		2012 Charges		Utilization			Balance as of June 30, 2012
Workforce reductions	$	20,642	$	22,388	$	(9,122	)	$	33,908
Consolidation of excess facilities	608		4,245		(1,927		)	2,926
Total	$	21,250	$	26,633	$	(11,049	)	$	36,834

Other Programs
Category	Balance as of March 31, 2012		Adjustments to the Provision			Utilization			Balance as of June 30, 2012
Workforce reductions	$	31,312	$	(3,363	)	$	(7,798	)	$	20,151
Consolidation of excess facilities and other contractual obligations	28,181		374			(2,931		)	25,624
Total	$	59,493	$	(2,989	)	$	(10,729	)	$	45,775

Six Months Ended June 30, 2012

2012 Programs
Category	Balance as of December 31, 2011		2012 Charges		Utilization			Balance as of June 30, 2012
Workforce reductions	$	—	$	45,736	$	(11,828	)	$	33,908
Consolidation of excess facilities	—		5,563		(2,637		)	2,926
Total	$	—	$	51,299	$	(14,465	)	$	36,834

Other Programs
Category	Balance as of December 31, 2011		Adjustments to the Provision			Utilization			Balance as of June 30, 2012
Workforce reductions	$	49,863	$	(6,239	)	$	(23,473	)	$	20,151
Consolidation of excess facilities and other contractual obligations	30,112		2,763			(7,251		)	25,624
Total	$	79,975	$	(3,476	)	$	(30,724	)	$	45,775

Three Months Ended June 30, 2011

Category	Balance as of March 31, 2011		2011 Charges		Utilization			Balance as of June 30, 2011
Workforce reductions	$	36,288	$	14,135	$	(13,861	)	$	36,562
Consolidation of excess facilities and other contractual obligations	35,916		3,763		(4,293		)	35,386
Total	$	72,204	$	17,898	$	(18,154	)	$	71,948

Six Months Ended June 30, 2011

Category	Balance as of December 31, 2010		2011 Charges		Utilization			Balance as of June 30, 2011
Workforce reductions	$	53,946	$	18,775	$	(36,159	)	$	36,562
Consolidation of excess facilities and other contractual obligations	27,818		22,422		(14,854		)	35,386
Total	$	81,764	$	41,197	$	(51,013	)	$	71,948