transformation. Under this plan, we reduced our workforce, terminated licensing agreements, and consolidated or
closed various facilities. As of March 31, 2013, we have completed all actions under this restructuring plan.
$22 million, consisting of (1) $10 million in employee-related expenses, (2) $9 million related to license
termination costs, and (3) $3 million related to the closure of certain of our facilities. Substantially all of these
costs have been settled in cash by March 31, 2013, with the exception of approximately $3 million of license and
lease termination costs, which will be settled by August 2016. We do not expect to incur any additional
restructuring charges under this plan.
agreements in an effort to improve the long-term profitability of our packaged goods business. Under this plan,
we amended certain licensing and developer agreements. To a much lesser extent, as part of this restructuring we
had workforce reductions and facilities closures through March 31, 2011. Substantially all of these exit activities
were completed by March 31, 2011.
$174 million, consisting of (1) $131 million related to the amendment of certain licensing agreements and other
intangible asset impairment costs, (2) $31 million related to the amendment of certain developer agreements, and
(3) $12 million in employee-related expenses. The $57 million restructuring accrual as of March 31, 2013 related
to the fiscal 2011 restructuring is expected to be settled by June 2016. We currently estimate recognizing in
future periods through June 2016, approximately $8 million for the accretion of interest expense related to our
amended licensing and developer agreements. This interest expense will be included in restructuring and other
charges in our Consolidated Statement of Operations.
non-cash charges between $180 million and $185 million by June 2016. These charges will consist primarily of
(1) charges, including accretion of interest expense, related to the amendment of certain licensing and developer
agreements and other intangible asset impairment costs (approximately $170 million) and (2) employee-related
costs ($12 million).
to fiscal 2011. We do not expect to incur any additional restructuring charges under these plans. The $2 million
restructuring accrual as of March 31, 2013 related to our other restructuring plans is expected to be settled by
September 2016.
(3) co-publishing and distribution affiliates. License royalties consist of payments made to celebrities,
professional sports organizations, movie studios and other organizations for our use of their trademarks,
copyrights, personal publicity rights, content and/or other intellectual property. Royalty payments to independent
software developers are payments for the development of intellectual property related to our games. Co-
publishing and distribution royalties are payments made to third parties for the delivery of products.
capitalized as prepaid royalties or are accrued as incurred and subsequently paid. These royalty-based obligations