TLEO » Topics » Summary

These excerpts taken from the TLEO 10-K filed Mar 14, 2008.
Summary
 
                         
                Liability
 
                Balance
 
Liability for the Remaining Net Lease Payments
  Liability Balance
          December 31,
 
for the San Francisco Facility
  January 1, 2007     Cash Payments     2007  
    (In thousands)  
 
Lease payments
  $ 979     $ (370 )   $ 609  
Sublease rental income
    (691 )     248       (443 )
                         
Net liability
  $ 288     $ (122 )   $ 166  
                         
 


82


Table of Contents

 
TALEO CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
         
Costs Associated with the Exit from the San Francisco Facility
  Amount  
    (In thousands)  
 
Establishment of initial net liability for net lease payments at July 2006
  $ 469  
Reversal of accrued rent from original lease
    (237 )
Adjustment for tenant inducements from original lease
    (102 )
Write-off of fixed assets
    217  
Commissions and legal costs
    79  
         
Total exit expense
  $ 426  
         
 
Summary


 
























































































































































                         

 

 

 

 

 

 

 

 

Liability



 

 

 

 

 

 

 

 

 

Balance



 

Liability for the Remaining Net Lease Payments



 

Liability Balance



 

 

 

 

 

December 31,



 


for the San Francisco Facility


 

January 1, 2007

 

 

Cash Payments

 

 

2007

 

 

 

(In thousands)

 
 


Lease payments


 

$

979

 

 

$

(370

)

 

$

609

 


Sublease rental income


 

 

(691

)

 

 

248

 

 

 

(443

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Net liability


 

$

288

 

 

$

(122

)

 

$

166

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 





82





Table of Contents





 




TALEO
CORPORATION




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 



















































































         


Costs Associated with the Exit from the San Francisco
Facility



 

Amount

 

 

 

(In thousands)

 
 


Establishment of initial net liability for net lease payments at
July 2006


 

$

469

 


Reversal of accrued rent from original lease


 

 

(237

)


Adjustment for tenant inducements from original lease


 

 

(102

)


Write-off of fixed assets


 

 

217

 


Commissions and legal costs


 

 

79

 

 

 

 

 

 


Total exit expense


 

$

426

 

 

 

 

 

 






 




This excerpt taken from the TLEO 10-K filed Mar 16, 2007.
Summary
 
                         
    Six Months Ended December 31,
 
    2006  
                Liability
 
                Balance
 
Liability for the Remaining Net Lease Payments
  Cease Use Date
          December 31,
 
for the San Francisco Facility
  July 03, 2006     Cash Payments     2006  
    (In thousands)  
 
Lease payments
  $ 1,160     $ (181 )   $ 979  
Sublease rental income
    (691 )           (691 )
                         
Net liability
  $ 469     $ (181 )   $ 288  
                         
 


83


Table of Contents

TALEO CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

         
Costs Associated with the Exit from the San Francisco Facility
  Amount  
    (in thousands)  
 
Establishment of initial net liability for net lease payments (from above)
  $ 469  
Reversal of accrued rent from original lease
    (237 )
Adjustment for tenant inducements from original lease
    (102 )
Write-off of fixed assets
    217  
Commissions and legal costs
    79  
         
Total exit expense
  $ 426  
         
 
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