Restructuring and Acquisition-Related Charges

3 Months Ended

Mar. 31, 2012

Restructuring and Acquisition-Related Charges

13. Restructuring and Acquisition-Related Charges

For the three months ended March 31, 2012 and 2011, we incurred restructuring and acquisition-related charges of $25.9 million and $26.9 million, respectively. For the three months ended March 31, 2012, we incurred $24.2 million of restructuring charges, primarily related to our current year restructuring program and $1.7 million of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three months ended March 31, 2011, we incurred $23.3 million of restructuring charges, primarily related to our 2011 restructuring programs and $3.6 million of costs in connection with acquisitions for financial advisory, legal and accounting services.

In the first quarter of 2012, we implemented a restructuring program to create further operational efficiencies which will result in a workforce reduction of 298 positions. 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.

During 2011, we implemented separate restructuring programs to create further operational efficiencies which will result in a workforce reduction of 787 positions, of which 33 positions were identified in the three months ended March 31, 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 months ended March 31, 2012 and 2011, we recognized $3.7 million and $18.7 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 March 31, 2012

2012 Programs	Beginning	2012		Balance as of
Category	Balance	Charges	Utilization	March 31, 2012
Workforce reductions	$ -	$ 23,348	$ (2,706)	$ 20,642
Consolidation of excess facilities	-	1,318	(710)	608
Total	$ -	$ 24,666	$ (3,416)	$ 21,250

		Adjustments
Other Programs	Beginning	to the		Balance as of
Category	Balance	Provision	Utilization	March 31, 2012
Workforce reductions	$ 49,863	$ (2,876)	$ (15,675)	$ 31,312
Consolidation of excess facilities and other contractual obligations	30,112	2,389	(4,320)	28,181
Total	$ 79,975	$ (487)	$ (19,995)	$ 59,493

Three Months Ended March 31, 2011
	Beginning	2011		Balance as of
Category	Balance	Charges	Utilization	March 31, 2011
Workforce reductions	$ 53,946	$ 4,640	$ (22,298)	$ 36,288
Consolidation of excess facilities and other contractual obligations	27,818	18,659	(10,561)	35,916
Total	$ 81,764	$ 23,299	$ (32,859)	$ 72,204

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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