SLAB » Topics » 9. Headquarter Relocation Costs

This excerpt taken from the SLAB 10-Q filed Apr 30, 2009.

9.    Headquarter Relocation Costs

 

In fiscal 2006 and 2007, the Company relocated its Austin, Texas employees to a new corporate headquarters.  The following table summarizes the accrued relocation costs activity for the three months ended April 4, 2009 (in thousands):

 

Balance at
January 3, 2009

 

Deductions

 

Balance at
April 4, 2009

 

$

986

 

$

282

 

$

704

 

 

Deductions represent lease payments.

 

This excerpt taken from the SLAB 10-Q filed Oct 29, 2008.

11.  Headquarter Relocation Costs

 

In fiscal 2006, the Company relocated most of its Austin, Texas employees to a new corporate headquarters.  In fiscal 2007, the Company relocated the remainder of its Austin employees to its headquarters.  The following table summarizes the accrued relocation costs activity for the nine months ended October 4, 2008 (in thousands):

 

Balance at
December 29, 2007

 

Deductions

 

Balance at
October 4, 2008

 

$

2,618

 

$

 1,347

 

$

1,271

 

 

Deductions represent lease payments.

 

This excerpt taken from the SLAB 10-Q filed Jul 30, 2008.

11.  Headquarter Relocation Costs

 

In fiscal 2006, the Company relocated most of its Austin, Texas employees to a new corporate headquarters.  In fiscal 2007, the Company relocated the remainder of its Austin employees to its headquarters.   The following table summarizes the accrued relocation costs activity for the six months ended July 5, 2008 (in thousands):

 

Balance at
December 29, 2007

 

Deductions

 

Balance at
July 5, 2008

 

$

2,618

 

$

1,032

 

$

1,586

 

 

Deductions represent lease payments.

 

This excerpt taken from the SLAB 10-Q filed Apr 30, 2008.

10.  Headquarter Relocation Costs

 

In fiscal 2006, the Company relocated most of its Austin, Texas employees to a new corporate headquarters.  In fiscal 2007, the Company relocated the remainder of its Austin employees to its headquarters.   The following table summarizes the accrued relocation costs activity for the three months ended April 5, 2008 (in thousands):

 

Balance at
December 29,
2007

 

Additions
Charged to
Expenses

 

Deductions
(1)

 

Balance at
April 5,
2008

 

$

2,618

 

$

 

$

(882

)

$

1,736

 

 


(1) Deductions represent lease payments.

 

This excerpt taken from the SLAB 10-Q filed Oct 24, 2007.

9.  Headquarter Relocation Costs

 

     In the third quarter of fiscal 2006, the Company relocated most of its Austin, Texas employees to a new corporate headquarters.  In accordance with SFAS 146, “Accounting for Costs Associated with Exit or Disposal Activities”, the Company recorded a charge of $3.0 million related to vacating certain leased facilities, consisting of the following:

    $2.4 million for the present value of estimated future obligations for non-cancelable lease payments (net of estimated sublease income) and brokerage commissions related to subleasing the vacated facilities.  In September 2006, the Company entered into a sublease agreement for the vacated leased facilities for the remaining lease period.

    $0.6 million for impairment of leasehold improvements and furniture and fixtures.

     The charges were recorded in the “selling, general and administrative” line of the condensed consolidated statements of income.  The remaining accrual balance for the vacated facilities was $2.0 million as of September 29, 2007.

 

This excerpt taken from the SLAB 10-K filed Feb 7, 2007.

13.   Headquarter Relocation Costs

In fiscal 2006, the Company relocated most of its Austin, Texas employees to a new corporate headquarters. In accordance with SFAS 146, “Accounting for Costs Associated with Exit or Disposal Activities”, the Company recorded a charge of $3.0 million related to vacating certain leased facilities, consisting of the following:

·       $2.4 million for the present value of estimated future obligations for non-cancelable lease payments (net of estimated sublease income) and brokerage commissions related to subleasing the vacated facilities. In September 2006, the Company entered into a sublease agreement for the vacated leased facilities for the remaining lease period.

·       $0.6 million for impairment of leasehold improvements and furniture and fixtures.

The charges were recorded in the “selling, general and administrative” line of the consolidated statements of income. The remaining accrual balance for the vacated facilities was $2.3 million as of December 30, 2006.

F-30




This excerpt taken from the SLAB 10-Q filed Oct 23, 2006.

7.  Headquarter Relocation Costs

     In the third quarter of fiscal 2006, the Company relocated most of its Austin, Texas employees to a new corporate headquarters.  In accordance with SFAS 146, “Accounting for Costs Associated with Exit or Disposal Activities”, the Company recorded a charge of $3.0 million related to vacating certain leased facilities, consisting of the following:

·                  $2.4 million for the present value of estimated future obligations for non-cancelable lease payments (net of estimated sublease income) and brokerage commissions related to subleasing the vacated facilities.  In September 2006, the Company entered into a sublease agreement for the vacated leased facilities for the remaining lease period.

·                  $0.6 million for impairment of leasehold improvements and furniture and fixtures.

     The charges were recorded in the “selling, general and administrative” line of the condensed consolidated statements of operations.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki