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Analyzing and Interpreting Restructuring Costs and Effects Smith - Burke, Inc., reports the following footnote disclosure ( excerpted ) in its 2 0 1 0
Analyzing and Interpreting Restructuring Costs and Effects SmithBurke, Inc., reports the following footnote disclosure excerpted in its relating to its restructuring programs. Fiscal Acquisitions: On July SB completed the acquisition of Palm and initiated a plan to restructure the operations of Palm, including severance for Palm employees, contract cancellation costs and other items. The total expected cost of the plan is $ million. On April SB completed the acquisition of C In connection with the acquisition, SBs management approved and initiated a plan to restructure the operation of C including severance costs and costs to vacate duplicative facilities. The total expected cost of the plan is $ million. In fiscal SB recorded restructuring charges of approximately $ million. Fiscal ES Restructuring Plan: On June SBs management announced a plan to restructure its enterprise services business. The total expected cost of the plan that will be recorded as restructuring charges is approximately $ billion, including severance costs to eliminate approximately positions and infrastructure charges. For fiscal a restructuring charge of $ million was recorded primarily related to severance costs. As of October approximately positions have been eliminated. Fiscal Restructuring Plan: In May SBs management approved and initiated a restructuring plan to structurally change and improve the effectiveness of several businesses. The total expected cost of the plan is $ million in severancerelated costs associated with the planned elimination of approximately positions. As of October approximately positions had been eliminated. Fiscal SBEDS Restructuring Plan: In accordance with the acquisition of EDS on August SBs management approved and initiated a restructuring plan to combine and align SBs services businesses, eliminate duplicative overhead functions and consolidate and vacate duplicative facilities. The restructuring plan is expected to be implemented over four years at a total expected cost of $ billion.
Analyzing and Interpreting Restructuring Costs and Effects
SmithBurke, Inc., reports the following footnote disclosure excerpted in its relating to its restructuring programs.
Fiscal Acquisitions: On July SB completed the acquisition of Palm and initiated a plan to restructure the operations of Palm, including severance for Palm employees, contract cancellation costs and
other items.
The total expected cost of the plan is $ million.
On April SB completed the acquisition of C In connection with the acquisition, SBs management approved and initiated a plan to restructure the operation of C including severance costs and
costs to vacate duplicative facilities.
The total expected cost of the plan is $ million.
In fiscal SB recorded restructuring charges of approximately $ million.
Fiscal ES Restructuring Plan: On June SBs management announced a plan to restructure its enterprise services business. The total expected cost of the plan that will be recorded as restructuring
charges is approximately $ billion, including severance costs to eliminate approximately positions and infrastructure charges. For fiscal a restructuring charge of $ million was recorded
primarily related to severance costs. As of October approximately positions have been eliminated.
Fiscal Restructuring Plan: In May SBs management approved and initiated a restructuring plan to structurally change and improve the effectiveness of several businesses. The total expected cost of
the plan is $ million in severancerelated costs associated with the planned elimination of approximately positions. As of October approximately positions had been eliminated.
Fiscal SBEDS Restructuring Plan: In accordance with the acquisition of EDS on August SBs management approved and initiated a restructuring plan to combine and align SBs services
businesses, eliminate duplicative overhead functions and consolidate and vacate duplicative facilities. The restructuring plan is expected to be implemented over four years at a total expected cost of $
billion.
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