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Severance and Related Benefits
12 Months Ended
Dec. 31, 2012
Severance and Related Benefits [Abstract]  
Severance and Related Benefits

Note 9. Severance and Related Benefits:

In October 2012, we entered into a mutual separation agreement with our former Chief Executive Officer under which the former Chief Executive Officer stepped down as an employee and agreed to serve as a consultant to us for a one-year period. In connection with this separation agreement, we recorded severance and related benefits expense of $2,114,000.

 

Included within accounts payable and accrued expenses on our consolidated balance sheet is the remaining liability for severance payments of $1,806,000.