XML 29 R12.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Restructuring and Other Charges | 12 Months Ended
--- | ---
Sep. 30, 2022
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | 4. Restructuring and Other Charges Restructuring and other charges, net includes restructuring charges (credits), headquarters relocation charges, and impairment and accretion expense charges related to the lease assets of exited facilities. Refer to Note 19. Leases for additional information about exited facilities. In 2022, Restructuring and other charges, net totaled $36.2 million, of which $32.4 mill ion is attributable to restructuring charges, $5.1 million is attributable to other charges for professional fees included in restructuring related to our SaaS transformation, offset by a $1.3 million credit attributable to sublease income and the reversal of lease liabilities related to exited lease facilities. We made cash payments related to restructuring charges of $40.8 million ($34.0 million related to employee charges, $2.5 million in payments for other professional fees included in restructuring related to our SaaS transformation, and $4.3 million in net payments for variable costs related to restructured facilities). In 2021, Restructuring and other charges, net totaled $2.2 million, of which $2.1 million was attributable to restructuring charges and $0.1 million was attributable to impairment and accretion expense related to exited lease facilities. We made cash payments related to restructuring charges of $6.7 million ($3.9 million related to the 2020 restructuring and $2.8 million in rent payments for the restructured facilities). In 2020, Restructuring and other charges, net totaled $32.7 million, of which $26.4 million was attributable to restructuring charges, $5.6 million was attributable to impairment and accretion expense related to exited lease facilities, and $0.7 million was attributable to accelerated depreciation related to the planned exit of a facility. We made cash payments related to restructuring charges of $31.5 million ($27.3 million related to the 2020 restructuring, $3.9 million related to the 2019 restructuring, and $0.3 million related to a prior restructuring). Restructuring Charges In the first quarter of 2022, we committed to a plan to restructure our workforce and consolidate select facilities to align our customer facing and product-related functions with the SaaS industry best practices and accelerate the opportunity for our on-premises customers to move to the cloud. The restructuring plan resulted in charges of $33.1 millio n in 2022, primarily associated with the termination of benefits for approximately 330 employees. In the first quarter of 2020, we initiated a restructuring program as part of a realignment associated with expected synergies and operational efficiencies related to the Onshape acquisition. The restructuring plan resulted in charges of $30.8 million through fiscal year 2020 for termination benefits associated with approximately 250 employees. In the year ended September 30, 2022 and 2021, we recorded a credit of $0.1 million and a charge of $0.2 million, respectively, related to this restructuring plan. The following table summarizes restructuring accrual activity for the three years ended September 30, 2022:
(in thousands) |  | Employee severance and related benefits |  |  | Facility closures and other costs |  |  | Consolidated total |
Balance, September 30, 2019 |  | $ | 298 |  |  | $ | 30,788 |  |  | $ | 31,086 |
ASC 842 adoption |  |  | — |  |  |  | (16,462 | ) |  |  | (16,462 | )
Charges (credits) to operations, net |  |  | 30,690 |  |  |  | (4,263 | ) |  |  | 26,427 |
Cash disbursements |  |  | (27,256 | ) |  |  | (4,246 | ) |  |  | (31,502 | )
Other non-cash |  |  | — |  |  |  | 164 |  |  |  | 164 |
Foreign exchange impact |  |  | 260 |  |  |  | 14 |  |  |  | 274 |
Balance, September 30, 2020 |  |  | 3,992 |  |  |  | 5,995 |  |  |  | 9,987 |
Charges to operations, net |  |  | 1,887 |  |  |  | 249 |  |  |  | 2,136 |
Cash disbursements |  |  | (3,925 | ) |  |  | (2,756 | ) |  |  | (6,681 | )
Foreign exchange impact |  |  | 27 |  |  |  | 17 |  |  |  | 44 |
Balance, September 30, 2021 |  |  | 1,981 |  |  |  | 3,505 |  |  |  | 5,486 |
Charges (credits) to operations, net |  |  | 32,971 |  |  |  | (561 | ) |  |  | 32,410 |
Cash disbursements |  |  | (34,023 | ) |  |  | (2,355 | ) |  |  | (36,378 | )
Foreign exchange impact |  |  | (583 | ) |  |  | — |  |  |  | (583 | )
Balance, September 30, 2022 |  | $ | 346 |  |  | $ | 589 |  |  | $ | 935 |
As of September 30, 2022 and 2021, the accrual for employee severance and related benefits was included in Accrued compensation and benefits in the Consolidated Balance Sheets. As of September 30, 2022, the accrual for facility closures and related costs was included in Accrued expenses and other current liabilities in the Consolidated Balance Sheets and as of September 30, 2021, $2.6 million was included in Accrued expenses and other current liabilities and $0.9 million was included in Other liabilities in the Consolidated Balance Sheets.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration