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 MD&A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 >  Summary of Restructuring Costs and Other Charges The following table is a summary of the restructuring costs and other charges we recorded in the fourth quarter of 2008, as well as our remaining liability at the end of the fourth quarter of 2008 and remaining restructuring costs expected to be incurred in 2009 as part of these restructuring initiatives: |
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We anticipate that the remaining liability related to the workforce reduction will be substantially paid by the end of 2009 for the Timeshare segment, by the end of 2009 for hotel development, and by the end of 2009 for above-property level management. The amounts related to the space reduction and resulting lease expense due to the consolidation of facilities in the Timeshare segment will be paid over the respective lease terms through 2012. The remaining liability related to expected fundings under guarantees will likely be substantially paid by year-end 2010. The following tables provide further detail on these charges, including a breakdown by segment: 2008 Operating Income Impact |
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2008 Non-Operating Income Impact |
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The following table provides further detail on restructuring costs we expect to incur in 2009, including breakdown by segment: 2009 Expected Operating Income Impact |
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