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Restructuring Charges
3 Months Ended
Mar. 31, 2014
Restructuring And Related Activities [Abstract]  
Restructuring Charges

4. Restructuring Charges

On March 31, 2014, the Company initiated a facility rationalization and severance program to close facilities and reduce employment in order to improve efficiency and profitability in conjunction with its acquisition of Pacer. The program includes facility exit activities and employment reduction initiatives.

The amount of restructuring charges incurred during the three-month period ended March 31, 2014 and included in our condensed consolidated statement of operations as sales, general and administrative expense is summarized below (in thousands). These charges are not allocated to our reportable segments. No amount of the restructuring liability was included in the purchase price allocation for Pacer as all activities were initiated by XPO to benefit the post-combination period.

 

Reserve balance at December 31, 2013

   $ —     

Contract termination charges incurred

     1,951   

Severance charges incurred

     3,618   

Non-cash share based compensation incurred

     825   

Payments and other

     —     
  

 

 

 

Reserve balance at March 31, 2014

   $ 6,394