Restructuring (Tables)

6 Months Ended

Jun. 30, 2012

Charges Associated With Relocation and Restructuring Programs by Segment

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 June 30, 2012:
One-time termination benefits to employees	$	—	$	—	$	—	$	—	$	—	$	—

Three Months Ended June 30, 2011:
One-time termination benefits to employees	$	164	$	1,657	$	199	$	—	$	3,853	$	5,873

Six Months Ended June 30, 2012:
One-time termination benefits to employees	$	1	$	—	$	1	$	—	$	—	$	2

Six Months Ended June 30, 2011:
One-time termination benefits to employees	$	164	$	1,657	$	199	$	—	$	8,060	$	10,080

Cumulative restructuring charges, January 1, 2011 through June 30, 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. In connection with these initiatives, the Company expensed $0.1 million and $0.1 million, respectively, during the three and six months ended June 30, 2012, and expensed less than $0.1 million during the during the three months ended June 30, 2011, and $0.3 million during the six months ended June 30, 2011.

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 June 30, 2012:
One-time termination and relocation benefits to employees	$	(22	)	$	—		$	—		$	—	$	40	$	18

Three Months Ended June 30, 2011:
One-time termination and relocation benefits to employees	$	9		$	—		$	—		$	—	$	44	$	53

Six Months Ended June 30, 2012:
One-time termination benefits to employees		—			—			—			—		71		71

Six Months Ended June 30, 2011:
One-time termination benefits to employees		52			(3	)		(12	)		—		285		322

Cumulative restructuring charges, January 1, 2010 through June 30, 2012	$	1,034		$	43		$	769		$	193	$	3,899	$	5,938

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

Accrued Liability Associated with Relocation and Restructuring Programs

At June 30, 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 June 30, 2012		Due within 12 months
One-time termination benefits to employees — 2010 restructuring and relocation programs	$	8	$	71	$	76	$	3	$	3

One-time termination benefits to employees — 2011 restructuring program	$	782	$	2	$	560	$	224	$	224

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

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