XML 16 R17.htm IDEA: XBRL DOCUMENT v2.3.0.15
Restructuring Costs
9 Months Ended
Sep. 30, 2011
Restructuring Costs [Abstract] 
Restructuring Costs

10. Restructuring Costs

We committed the Operating Partnership to a plan to reduce organizational and overhead costs in October 2008 and have subsequently modified that plan with the goal of further reducing these costs. The following summarizes our restructuring costs for the three and nine months ended September 30, 2011 and September 30, 2010:

 

                                 
    Three Months
Ended
September 30,
2011
    Three Months
Ended
September 30,
2010
    Nine Months
Ended
September 30,
2011
    Nine Months
Ended
September 30,
2010
 

Pre-tax restructuring costs:

                               

Employee severance and benefits*

  $ —       $ (33   $ —       $ 775  

Termination of certain office leases

    —         156       1,200       239  

Other

    —         215       353       535  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total restructuring costs

  $ —       $ 338     $ 1,553     $ 1,549  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

* The three and nine months ended September 30, 2010, includes $(33) and $156, respectively, of non-cash costs which represents the accelerated recognition of restricted stock expense for certain employees.

At September 30, 2011 and December 31, 2010, we have $2,304 and $1,574, respectively, included in Accounts Payable, Accrued Expenses and Other Liabilities, Net primarily related to remaining payments under certain lease obligations.