Leadership Changes and Restructuring Activities (Tables)

12 Months Ended

Dec. 31, 2014

Restructuring And Related Activities [Abstract]

Summary of Estimated Fair Value Liability Established for the Aforementioned Severance and Other Related Costs

The following table presents a rollforward of the estimated fair value liability established for the aforementioned severance and other related costs, which are entirely attributable to the Company’s Real Estate Franchise Services reportable segment, from January 1, 2014 to December 31, 2014 (in thousands):

Balance, January 1, 2014	$	—
Expenses		4,848
Cash payments		(1,433	)
Non-cash adjustment (a)		(1,007	)
Balance, December 31, 2014 (b)	$	2,408

(a) Non-cash adjustment represents the non-cash equity-based compensation expense recorded during the year ended December 31, 2014 for the accelerated vesting of certain restricted stock units on December 31, 2014 pursuant to the terms of the separation agreement with the Company’s former Chief Executive Officer as discussed in Note 12, Equity-Based Compensation.

(b) As of December 31, 2014, the short-term portion of the liability was $920,000 and included in “Accrued liabilities” and the long-term portion of the liability was $1,488,000 and included in “Other liabilities, net of current portion” in the accompanying Consolidated Balance Sheets.