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Separation Obligation
6 Months Ended
Jun. 30, 2015
Compensation Related Costs [Abstract]  
Separation Obligation
Separation Obligation
In March 2015, Robert Giardina's employment with the Company as Executive Chairman was terminated. Mr. Giardina continues to serve as a member of the Board and will be treated as a non-employee director. Pursuant to a letter agreement entered with Mr. Giardina in February 2015, Mr. Giardina was entitled to receive payment of $1,100 in accordance with the terms of the agreement, which has been placed by the Company in a Rabbi Trust, and the Company accrued an additional $208 of payroll taxes and medical benefits related to this agreement. Of the $1,100 separation obligation, $679 was paid in April 2015, $140 will be paid in September 2015 and the remaining balance of $281 will be paid over a 12-month period beginning October 2015. Of the $421 remaining separation obligation, $351 was included in Prepaid expenses and other current assets, and $70 in Other assets on the accompanying condensed consolidated balance sheets as of June 30, 2015. The $421 is classified as restricted cash as of June 30, 2015 and is restricted in its use as noted above.
In June 2015, Daniel Gallagher's employment with the Company as Chief Executive Officer and President was terminated. Pursuant to a letter agreement entered with Mr. Gallagher in June 2015, Mr. Gallagher received payment of $150 in June 2015, and is entitled to receive severance payment of $550, payable over a 12-month period beginning July 2015. The severance payment of $550 was included in Accrued Expenses on the accompanying condensed consolidated balance sheets as of June 30, 2015. The Company also accrued an additional $76 of payroll taxes and medical benefits related to this agreement.
In connection with Mr. Gallagher's termination, the Company's Board of Directors named Patrick Walsh, then Chairman of the Board of the Company, to serve as Executive Chairman, on an interim basis, in which capacity Mr. Walsh is responsible for the general management and control of the affairs and business of the Company while the Board of Directors conducts a search for the Company’s next Chief Executive Officer. In exchange for his service as Executive Chairman, Mr. Walsh is entitled to receive compensation of $30 per month, payable from June 19, 2015 and pro-rated for the portion of the year Mr. Walsh serves as Executive Chairman. In the three and six months ended June 30, 2015, the Company incurred compensation expense of $11 to Mr. Walsh related to this arrangement.