Restructuring (Tables)

9 Months Ended

Sep. 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 September 30, 2012:
Termination benefits to employees	$	—	$	—	$	—	$	—	$	18	$	18
Three Months Ended September 30, 2011:
Termination benefits to employees	$	79	$	—	$	—	$	77	$	108	$	264
Nine Months Ended September 30, 2012:
Termination benefits to employees	$	1	$	—	$	1	$	—	$	18	$	20
Nine Months Ended September 30, 2011:
Termination benefits to employees	$	244	$	1,657	$	199	$	77	$	8,168	$	10,345
Cumulative restructuring charges, January 1, 2011 through September 30, 2012	$	624	$	1,659	$	209	$	77	$	8,382	$	10,951
Remaining 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 incurred no expenses during the three months ended September 30, 2012, and expensed $0.1 million during the nine months ended September 30, 2012. During the three and nine months ended September 30, 2011, the Company expensed $0.1 million and $0.4 million, 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 September 30, 2012:
Termination and relocation benefits to employees	$	—	$	—		$	—		$	—	$	—	$	—
Three Months Ended September 30, 2011:
Termination and relocation benefits to employees	$	—	$	—		$	—		$	—	$	84	$	84
Nine Months Ended September 30, 2012:
Termination benefits to employees	$	—	$	—		$	—		$	—	$	71	$	71
Nine Months Ended September 30, 2011:
Termination benefits to employees	$	52	$	(3	)	$	(12	)	$	—	$	368	$	405
Cumulative restructuring charges, January 1, 2010 through September 30, 2012	$	1,034	$	43		$	769		$	193	$	3,899	$	5,938
Remaining termination benefits to employees — to be incurred during 2012	$	—	$	—		$	—		$	—	$	—	$	—

Accrued Liability Associated with Relocation and Restructuring Programs

At September 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 September 30, 2012		Due within 12 months
One-time termination benefits to employees — 2010 restructuring and relocation programs	$	8	$	71	$	75	$	4	$	4
One-time termination benefits to employees — 2011 restructuring program	$	782	$	20	$	604	$	198	$	198
Total	$	790	$	91	$	679	$	202	$	202