ARBA » Topics » Severance and benefits costs

This excerpt taken from the ARBA 10-Q filed May 6, 2009.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. The Company recorded a charge of $797,000 and $2.5 million for the three and six months ended March 31, 2009, respectively, related to severance benefit costs based on the current economic environment to better align its expenses with its revenues. The Company will continue to monitor the economic environment and, depending on business conditions, more voluntary and involuntary workforce reductions are anticipated in the second half of fiscal year 2009. The Company recorded a charge of $708,000 and $1.1 million related to severance benefit costs in connection with its acquisition of Procuri for the three and six months ended March 31, 2008, respectively. In addition, the Company assumed liabilities related to the severance of former Procuri employees of $2.1 million.

This excerpt taken from the ARBA 10-Q filed Feb 6, 2009.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. The Company recorded a charge of $1.7 million in the three months ended December 31, 2008 related to severance benefit costs to better align its expenses with its revenues. The Company recorded a charge of $378,000 related to severance benefit costs in connection with its acquisition of Procuri for the three months ended December 31, 2007. In addition, the Company assumed liabilities related to the severance of former Procuri employees of $2.3 million.

These excerpts taken from the ARBA 10-K filed Nov 19, 2008.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. The Company recorded a charge of $2.7 million for the year ended September 30, 2008 related to severance benefit costs in connection with a workforce reduction initiative associated with the integration of Procuri, to better align its expenses with its revenues and to enable the Company to invest in certain growth initiatives. In addition, the Company assumed liabilities related to the severance of former Procuri employees of $2.1 million.

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the year ended September 30, 2006, an additional $273,000 of severance and benefits was recorded due to the continued reduction of the Company’s workforce, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives.

 

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Severance and benefits costs

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel.
The Company recorded a charge of $2.7 million for the year ended September 30, 2008 related to severance benefit costs in connection with a workforce reduction initiative associated with the integration of Procuri, to better align its expenses
with its revenues and to enable the Company to invest in certain growth initiatives. In addition, the Company assumed liabilities related to the severance of former Procuri employees of $2.1 million.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated
personnel. During the year ended September 30, 2006, an additional $273,000 of severance and benefits was recorded due to the continued reduction of the Company’s workforce, primarily to better align its expenses with its revenue levels
and to enable the Company to invest in certain growth initiatives.

 


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This excerpt taken from the ARBA 10-Q filed Aug 6, 2008.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. The Company recorded a charge of $440,000 and $1.6 million for the three and nine months ended June 30, 2008, respectively, related to severance benefit costs in connection with a workforce reduction initiative associated with the integration of Procuri, to better align its expenses with its revenues and to enable the Company to invest in certain growth initiatives. In addition, the Company assumed liabilities related to the severance of former Procuri employees of $2.1 million.

This excerpt taken from the ARBA 10-Q filed May 7, 2008.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. The Company recorded a charge of $708,000 and $1.1 million related to severance benefit costs in connection with its acquisition of Procuri for the three and six months ended March 31, 2008, respectively. In addition, the Company assumed liabilities related to the severance of former Procuri employees of $2.1 million.

This excerpt taken from the ARBA 10-Q filed Feb 6, 2008.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. The Company recorded a charge of $378,000 related to severance benefit costs in connection with its acquisition of Procuri for the three months ended December 31, 2007. In addition, the Company assumed liabilities related to the severance of former Procuri employees of $2.3 million.

This excerpt taken from the ARBA 10-K filed Nov 15, 2007.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the year ended September 30, 2006, an additional $273,000 of severance and benefits was recorded due to the continued reduction of the Company’s workforce, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives.

During the year ended September 30, 2005, an additional $3.8 million of severance and benefits was recorded due to the continued reduction of the Company’s workforce, by approximately 115 employees in all business areas, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives. The remaining amount in the year ended September 30, 2005 of $1.6 million related to severance and related benefits as a result of the merger with FreeMarkets.

This excerpt taken from the ARBA 10-Q filed Aug 8, 2007.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the nine months ended June 30, 2006, $273,000 of severance and benefits was recorded due to the continued reduction of the Company’s workforce, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives.

This excerpt taken from the ARBA 10-Q filed May 9, 2007.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the six months ended March 31, 2006, $273,000 of severance and benefits was recorded due to the continued reduction of the Company’s workforce, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives.

This excerpt taken from the ARBA 10-Q filed Feb 7, 2007.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the three months ended December 31, 2005, $273,000 of severance and benefits was recorded due to the continued reduction of the Company’s workforce, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives.

This excerpt taken from the ARBA 10-K filed Dec 1, 2006.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the year ended September 30, 2006, an additional $273,000 of severance and benefits was recorded due to the continued reduction of the Company’s workforce, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives.

During the year ended September 30, 2005, an additional $3.8 million of severance and benefits was recorded due to the continued reduction of the Company’s workforce, by approximately 115 employees in all business areas, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives. The remaining amount in the year ended September 30, 2005 of $1.6 million related to severance and related benefits as a result of the merger with FreeMarkets.

The Company recorded a charge of $3.4 million related to severance benefit costs for the reduction of its workforce, by approximately 95 employees in all business areas, in connection with its merger with FreeMarkets for the year ended September 30, 2004. In addition, the Company assumed liabilities related to the severance of former FreeMarkets employees (primarily related to engineering and general and administrative personnel) of $4.8 million as of July 1, 2004.

 

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Table of Contents
This excerpt taken from the ARBA 10-Q filed Aug 9, 2006.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the nine months ended June 30, 2006, an additional $273,000 of severance and benefits was recorded in connection with the previously announced reduction of the Company’s workforce primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives.

This excerpt taken from the ARBA 10-Q filed May 15, 2006.

Severance and benefits costs

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the six months ended March 31, 2006, an additional $273,000 of severance and benefits was recorded in connection with the previously announced reduction of the Company’s workforce primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives.

This excerpt taken from the ARBA 10-Q filed Feb 8, 2006.

Severance and benefits costs

 

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the three months ended December 31, 2005, an additional $273,000 of severance and benefits was recorded due to the continued reduction of the Company’s workforce, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives.

 

This excerpt taken from the ARBA 10-K filed Dec 7, 2005.

Severance and benefits costs

 

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the year ended September 30, 2005, an additional $3.8 million of severance and benefits was recorded due to the continued reduction of the Company’s workforce, by approximately 115 employees in all business areas, primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives. The remaining amount in the year ended September 30, 2005 of $1.6 million related to severance and related benefits as a result of the merger with FreeMarkets.

 

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Table of Contents

The Company recorded a charge of $3.4 million related to severance benefit costs for the reduction of its workforce, by approximately 95 employees in all business areas, in connection with its merger with FreeMarkets for the year ended September 30, 2004. In addition, the Company assumed liabilities related to the severance of former FreeMarkets employees (primarily related to engineering and general and administrative personnel) of $4.8 million as of July 1, 2004.

 

This excerpt taken from the ARBA 10-Q filed Aug 9, 2005.

Severance and Benefits Costs

 

Severance and benefits costs primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for terminated personnel. During the three months ended June 30, 2005, an additional $2.5 million of severance and benefits were recorded due to the continued reduction of the Company’s workforce primarily to better align its expenses with its revenue levels and to enable the Company to invest in certain growth initiatives. The remaining amount in the nine months ended June 30, 2005 of $1.6 million related to severance and related benefits as a result of the merger with FreeMarkets.

 

This excerpt taken from the ARBA 10-Q filed May 10, 2005.

Severance and Benefits Costs

 

Severance and benefits primarily include involuntary termination and health benefits, outplacement costs and payroll taxes for sales and marketing, engineering and general and administrative personnel. During the three and six months ended March 31, 2005, an additional $390,000 and $1.6 million, respectively, of severance and benefits were recorded due to the continued reduction of its workforce as a result of the merger with FreeMarkets.

 

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