XML 77 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
Restructuring
12 Months Ended
Nov. 28, 2014
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES
  RESTRUCTURING
Fiscal 2014 Restructuring Plan
In the fourth quarter of fiscal 2014, in order to better align our global resources for Digital Media and Digital Marketing, we initiated a restructuring plan to vacate our Research and Development facility in China and our Sales and Marketing facility in Russia. This plan consisted of reductions of approximately 350 full-time positions and we recorded restructuring charges of approximately $18.8 million related to ongoing termination benefits for the positions eliminated. During fiscal 2015, we intend to vacate both of these facilities. The amount accrued for the fair value of future contractual obligations under these operating leases was insignificant.
Other Restructuring Plans
During the past several years, we have implemented Other Restructuring Plans consisting of reductions in workforce and the consolidation of facilities to better align our resources around our business strategies. As of November 28, 2014, we considered our Other Restructuring Plans to be substantially complete. We continue to make cash outlays to settle obligations under these plans, however the current impact to our Consolidated Financial Statements is not significant.
Summary of Restructuring Plans
The following table sets forth a summary of restructuring activities related to all of our restructuring plans described above during fiscal 2014 (in thousands):
 
November 29,
2013
 
Costs
Incurred
 
Cash
Payments
 
Other
Adjustments
 
November 28,
2014
Fiscal 2014 Restructuring Plan:
 
 
 
 
 
 
 
 
 
Termination benefits
$

 
$
18,823

 
$
(4,382
)
 
$
20

 
$
14,461

Cost of closing redundant facilities

 
557

 
(57
)
 
(28
)
 
472

Other Restructuring Plans:
 
 
 
 
 
 
 
 
 
Termination benefits
2,233

 

 
(1,357
)
 
(339
)
 
537

Cost of closing redundant facilities
11,655

 
528

 
(5,215
)
 
(124
)
 
6,844

Total restructuring plans
$
13,888

 
$
19,908

 
$
(11,011
)
 
$
(471
)
 
$
22,314


Accrued restructuring charges of $22.3 million as of November 28, 2014 include $17.1 million recorded in accrued restructuring, current and $5.2 million related to long-term facilities obligations recorded in accrued restructuring, non-current on our Consolidated Balance Sheets. We expect to pay accrued termination benefits through fiscal 2015 and facilities-related liabilities under contract through fiscal 2021 of which approximately 45% will be paid through 2016.