RESTRUCTURING COSTS AND ACCRUALS (Notes)

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

2012 Restructuring Plan

In June 2012, the Company committed to a series of strategic actions (the “2012 Plan”) to focus on the Broadcast and Media market and Video and Audio Post and Professional market and to drive improved operating performance. These actions included the divestiture of certain of the Company’s consumer-focused product lines, a rationalization of the business operations and a reduction in force. Actions under the plan included the elimination of approximately 280 positions and the abandonment of one of the Company’s facilities in Burlington, Massachusetts and partial abandonment of facilities in Mountain View and Daly City, California. During 2012, the Company recorded restructuring charges of $13.9 million related to severance costs and $8.6 million for the closure or partial closure of facilities, which included non-cash amounts of $1.4 million for fixed asset write-offs and $1.0 million for deferred rent liability write-offs. The Company substantially completed all actions under the 2012 Plan prior to December 31, 2012.

During the first quarter of 2013, the Company recorded revisions totaling $0.3 million, primarily resulting from sublease assumption changes.

Prior Year Restructuring Plans

During the first quarter of 2012, the Company recorded revisions totaling $0.4 million, primarily resulting from sublease assumption changes related to the abandonment of facilities under the 2008 and 2010 Restructuring Plans.

Restructuring Summary

The following table sets forth the activity in the restructuring accruals for the three months ended March 31, 2013 (in thousands):



	Non-Acquisition-Related Restructuring Liabilities						Acquisition-Related Restructuring Liabilities
	Employee- Related			Facilities/Other- Related			Employee- Related		Facilities- Related			Total
Accrual balance at December 31, 2012	$	4,299		$	10,839		$	—	$	595		$	15,733
New restructuring charges – operating expenses	62			—			—		—			62
Revisions of estimated liabilities	(134		)	345			—		—			211
Accretion	—			120			—		8			128
Cash payments	(2,466		)	(1,715		)	—		(112		)	(4,293		)
Foreign exchange impact on ending balance	(82		)	(109		)	—		—			(191		)
Accrual balance at March 31, 2013	$	1,679		$	9,480		$	—	$	491		$	11,650

The employee-related accruals at March 31, 2013 represent severance and outplacement costs to former employees that will be paid out within the next twelve months and are, therefore, included in the caption “accrued expenses and other current liabilities” in the Company’s consolidated balance sheet at March 31, 2013.

The facilities-related accruals at March 31, 2013 represent contractual lease payments, net of subleases, on space vacated as part of the Company’s restructuring actions. The leases, and payments against the amounts accrued, extend through 2021 unless the Company is able to negotiate earlier terminations. Of the total facilities-related accruals, $5.9 million is included in the caption “accrued expenses and other current liabilities” and $4.1 million is included in the caption “other long-term liabilities” in the Company’s consolidated balance sheet at March 31, 2013.

- 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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