Accounts Payable, Accrued Expenses and Other Current Liabilities

3 Months Ended

Mar. 31, 2012

Accounts Payable, Accrued Expenses and Other Current Liabilities [Abstract]

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:

		December 31		December 31
	March 31,		December 31,
(in thousands)	2012		2011
Accounts payable	$	6,326	$	2,974
Accrued expenses—general		16,420		18,485
Accrued salaries and benefits		12,427		14,575
Income taxes payable, net		8,461		6,419
Payable to Ocwen		4,163		2,414
Total	$	47,797	$	44,867

Other current liabilities consist of the following:

		December 31		December 31
(in thousands)	March 31, 2012		December 31, 2011
Deferred revenue	$	4,047	$	4,581
Facility closure cost accrual, current portion		132		131
Collections due to clients		768		768
Other		8,603		4,459
Total	$	13,550	$	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 three months ended March 31, 2012:

(in thousands)	Lease Costs
Balance, December 31, 2011	$	455
Payments		(59	)
Balance, March 31, 2012		396
Less: Long-term portion		264
Facility closure cost accrual, current portion	$	132

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