CalAtlantic Group layoffs, on the record
Every job cut, severance charge and restructuring CalAtlantic Group reported in its annual reports, 2014 to 2016, quoted from the filings. Headcount went from approximately 1,250 to approximately 3,055.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | approximately 1,250 | December 31, 2014 |
| 10-K for 2015 | approximately 2,850 | December 31, 2015 |
| 10-K for 2016 | approximately 3,055 | December 31, 2016 |
Job cuts, severance and restructuring
Our summaryRecorded acquisition and integration expenses related to the Merger, including severance and personnel costs, presented within other income (expense).
Word for word“Acquisition and integration expenses related to the Merger comprised of the following: Year Ended December 31, 2015 (Dollars in thousands) Severance and personnel costs $ 38,970 Professional service, real estate related, and other expenses 13,066 Total $ 52,036 The acquisition and integration costs are expensed as incurred and are presented in other income (expense) within the accompanying consolidated statements of operations.” 10-K for 2015
Our summaryThe company recorded severance and personnel costs as part of its acquisition and integration expenses related to the Ryland merger, in the years 2016 and 2015.
Word for word“Severance and personnel costs $ 2,444 $ 38,970 Professional service, real estate related, and other expenses 13,586 13,066 Total $ 16,030 $ 52,036 The acquisition and integration costs are expensed as incurred and are presented in other homebuilding income (expense) within the accompanying consolidated statements of operations.” 10-K for 2016
CalAtlantic Group has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from CalAtlantic Group’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.