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This excerpt taken from the VRSN 10-Q filed Jul 12, 2007. Restructuring, impairments, and other (reversals), net 2003 Restructuring Plan. In November 2003, we initiated a restructuring plan related to the sale of our Network Solutions business and the realignment of other business units. 2002 Restructuring Plan. In April 2002, we initiated a plan to restructure its operations to rationalize, integrate and align resources. Below is a comparison of the restructuring, impairments, and other reversals, net under both plans for the three and nine months ended September 30, 2006 and 2005:
During the nine months ended September 30, 2006, we recorded a net reversal of approximately $6.2 million primarily due to an early termination of a lease for an existing facility in which we had previously estimated a significant vacancy period in its projection of sublease income. During the nine months ended September 30, 2005, we recorded a net reversal of $3.8 million related to excess facilities primarily in connection with a decision to utilize and build a facility that we had treated as abandoned and for which we had previously recorded a restructuring charge.
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