7. Restructuring

On February 25, 2011, the Company entered into a Separation Agreement with Wm. Britton Greene in connection with his resignation as President, Chief Executive Officer and director of the Company. On April 11, 2011, the Company entered into separation agreements with four additional members of senior management. Additionally, certain other employees were terminated pursuant to the Company's 2011 restructuring program. In connection with these terminations, the Company expensed less than $0.1 million during the three months ended March 31, 2012, and recorded $4.2 million of charges under this program for the three months ended March 31, 2011. The charges associated with the Company's 2011 restructuring program by segment are as follows:


	Residential Real Estate		Commercial Real Estate		Rural Land Sales		Forestry		Other		Total
Three months ended March 31, 2012:
One-time termination benefits to employees	$	1	$	—	$	1	$	—	$	—	$	2

Three months ended March 31, 2011:
One-time termination benefits to employees	$	—	$	—	$	—	$	—	$	4,207	$	4,207

Cumulative restructuring charges, January 1, 2011 through March 31, 2012	$	624	$	1,659	$	209	$	77	$	8,364	$	10,933

Remaining one-time termination benefits to employees — to be incurred during 2012	$	—	$	—	$	—	$	—	$	—	$	—

During 2010, the Company relocated its corporate headquarters from Jacksonville, Florida to WaterSound, Florida. The Company also consolidated other existing offices from Tallahassee, Port St. Joe and Walton County into the WaterSound location. The Company expensed $0.1 million and $0.3 million during the three months ended March 31, 2012 and 2011, respectively.

The charges associated with the Company's 2010 restructuring and relocation program by segment are as follows:


	Residential Real Estate		Commercial Real Estate			Rural Land Sales		Forestry		Other		Total
Three months ended March 31, 2012:
One-time termination and relocation benefits to employees	$	22	$	—		$	—	$	—	$	31	$	53

Three months ended March 31, 2011:
One-time termination and relocation benefits to employees	$	43	$	(3	)	$	12	$	—	$	217	$	269

Cumulative restructuring charges, January 1, 2010 through March 31, 2012	$	1,035	$	43		$	793	$	193	$	3,636	$	5,700

Remaining one-time termination benefits to employees — to be incurred during 2012	$	—	$	—		$	—	$	—	$	8	$	8

Termination benefits are comprised of severance-related payments for all employees terminated in connection with the restructuring. At March 31, 2012, the accrued liability associated with the relocation and restructuring programs consisted of the following:


	Balance at December 31, 2011		Costs Accrued		Payments		Balance at March 31, 2012		Due within 12 months
One-time termination benefits to employees — 2010 restructuring and relocation program	$	8	$	53	$	53	$	8	$	8

One-time termination benefits to employees — 2011 restructuring program	$	782	$	2	$	513	$	271	$	271

Total	$	790	$	55	$	566	$	279	$	279