Item 2.05. Costs Associated with Exit or Disposal Activities.
As previously disclosed in the Original 8-K, on
The Company is adding estimates of the types of costs and range of estimates of
costs expected to be incurred as a result of the restructuring plan. The Company
expects it will incur approximately
•$29 million to$37 million of employee-related costs, including severance, retention and other related costs; •$11 million to$18 million of software and facility consolidation costs, including property, equipment, capitalized software and lease right-of-use asset impairments; and •$25 million to$35 million of contract termination and other costs.
Of the total amounts above, the estimated cash expenditures from the
restructuring will be in the range of approximately
The Company's Annual Report to Shareholders and its reports on Forms 10-K, 10-Q, and 8-K, and other publicly available information should be consulted for other important information about the Company.
Forward-Looking Statements
Statements made in this Form 8-K that are not statements of historical fact,
including statements about our beliefs and expectations, are forward-looking
statements and should be evaluated as such. Forward-looking statements include
information concerning possible or assumed future results of operations,
including descriptions of our business plan and strategies. These statements
often include words such as "anticipate," "expect," "plan," "believe," "intend,"
"project," "forecast," "estimates," "projections," "outlook," and other similar
expressions. These forward-looking statements include any statements regarding
our plans and expectations with respect to
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