ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9 Months Ended

Sep. 30, 2012

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 9 — ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accounts payable and accrued expenses consist of the following:

	September 30,		December 31,
(in thousands)	2012		2011
Accounts payable	$	8,605	$	2,974
Accrued expenses - general	20,311		18,485
Accrued salaries and benefits	17,428		14,575
Income taxes payable, net	12,418		6,419
Payable to Ocwen	2,502		2,414
Total	$	61,264	$	44,867

Other current liabilities consist of the following:

	September 30,		December 31,
(in thousands)	2012		2011
Deferred revenue	$	1,962	$	4,581
Facility closure cost accrual, current portion	136		131
Collections due to clients	451		768
Overdrafts	4,127		3,501
Other	3,130		958
Total	$	9,806	$	9,939

Facility Closure Costs

During 2009, we accrued facility closure costs (included in other current and other non-current liabilities in the condensed consolidated balance sheet) primarily consisting of lease exit costs (expected to be paid through 2014) and severance related to the closure of two facilities. The following table summarizes the activity, all recorded in our Financial Services segment, for the nine months ended September 30, 2012:

(in thousands)	Lease Costs
Balance, December 31, 2011	$	455
Payments	255
Balance, September 30, 2012	200
Less: Long-term portion	64
Facility closure cost accrual, current portion	$	136

We do not expect significant additional costs related to the closure of these facilities.