SEVERANCE AND EXIT COSTS

9 Months Ended

Sep. 30, 2013

7. SEVERANCE AND EXIT COSTS

During the nine months ended September 30, 2013, in connection with the termination of discontinued operations, the Company recorded income in the amount of approximately $(418), mostly from the settlement of certain exit costs.

A summary of the actions taken for exit costs recorded in income from discontinued operations and the estimated remaining liability associated with such costs are as follows:

	Total Expenses (Income)			Remaining Liability as of September 30, 2013
Severance and related costs	$	—		$	87
Other professional fees		18			—
Termination of contracts and leases		(436	)		43
Total	$	(418	)	$	130

The remaining liability for severance and exit costs, which are included in current liabilities of discontinued operations, will be paid in accordance with the provisions of the contractual agreements and payments are expected to be completed at various times through 2013.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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