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ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
6 Months Ended
Jun. 30, 2013
ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES  
ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 10 — ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

Accounts payable and accrued expenses consist of the following:

 

 

 

June 30,

 

December 31,

 

(in thousands)

 

2013

 

2012

 

 

 

 

 

 

 

Accounts payable

 

$

6,518

 

$

5,079

 

Accrued expenses - general

 

18,969

 

16,528

 

Accrued salaries and benefits

 

20,750

 

19,613

 

Income taxes payable

 

13,135

 

8,750

 

Payable to Ocwen

 

4,414

 

8,865

 

Payable to AAMC

 

3

 

141

 

 

 

 

 

 

 

Total

 

$

63,789

 

$

58,976

 

 

Other current liabilities consist of the following:

 

 

 

June 30,

 

December 31,

 

(in thousands)

 

2013

 

2012

 

 

 

 

 

 

 

Deferred revenue

 

$

1,694

 

$

2,482

 

Facility closure cost accrual, current portion

 

125

 

138

 

Book overdrafts

 

5,213

 

5,229

 

Other

 

1,883

 

2,574

 

 

 

 

 

 

 

Total

 

$

8,915

 

$

10,423

 

 

Facility Closure Costs

 

During 2009, we accrued facility closure costs (included in other current and other non-current liabilities in the condensed consolidated balance sheets) 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 six months ended June 30, 2013:

 

(in thousands)

 

Lease Costs

 

 

 

 

 

Balance, December 31, 2012

 

$

294

 

Payments

 

(112

)

Balance, June 30, 2013

 

182

 

Less: Long-term portion

 

(57

)

 

 

 

 

Facility closure cost accrual, current portion

 

$

125

 

 

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