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Restructuring Charges (Tables)

9 Months Ended

Sep. 30, 2013

Restructuring Plan 2013

Summary of the pre-tax charges incurred in the European Operating segment classified as restructuring charges

The following table summarizes the pre-tax charges incurred in the European Operating segment (dollars in thousands).

	Total
Employee separation and related	$	1,452
Consolidation of leased facilities	100
Total	$	1,552

Summary of changes in the liability related to the restructuring plan included in accounts payable and accrued expenses

Activity and liability balances recorded as part of the 2013 restructuring plan through September 30, 2013 are as follows (dollars in thousands):

	Employee separation costs			Consolidation of leased facilities		Total
Restructuring charges recognized in 2013	$	1,452		$	100	$	1,552
Cash payments	(235		)	—		(235		)
Acceleration of share-based compensation in additional paid-in capital	(357		)	—		(357		)
Other	39			—		39
Balance at September 30, 2013	$	899		$	100	$	999

Restructuring Plan 2012

Restructuring Charges.

Summary of changes in the liability related to the restructuring plan included in accounts payable and accrued expenses

The following table summarizes the changes in the Company’s liability balance related to the 2012 restructuring plan, which is included in accounts payable and accrued expenses in the Condensed Consolidated Statements of Financial Condition (dollars in thousands):

	Employee separation costs
Balance at December 31, 2012	$	6,908
Utilized—cash	(4,969		)
Other	(1,747		)
Balance at September 30, 2013	$	192

Restructuring Plan 2011

Restructuring Charges.

Summary of changes in the liability related to the restructuring plan included in accounts payable and accrued expenses

The following table summarizes the changes in the Company’s liability balance related to the 2011 restructuring plans, which is included in accounts payable and accrued expenses in the Condensed Consolidated Statements of Financial Condition (dollars in thousands):

	Employee separation costs			Consolidation of leased facilities			Total
Balance at December 31, 2012	$	117		$	3,098		$	3,215
Adjustment for sub-lease	—			(700		)	(700		)
Utilized - cash	(12		)	(636		)	(648		)
Other	(98		)	—			(98		)
Balance at September 30, 2013	$	7		$	1,762		$	1,769

Restructuring Plan 2010

Restructuring Charges.

Summary of changes in the liability related to the restructuring plan included in accounts payable and accrued expenses

The following table summarizes the changes in the Company’s liability balance related to the 2010 restructuring plan, which is included in accounts payable and accrued expenses in the Condensed Consolidated Statements of Financial Condition (dollars in thousands):

	Consolidation of leased facilities
Balance at December 31, 2012	$	2,172
Utilized—cash	(291		)
Balance at September 30, 2013	$	1,881

- 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.

+ References+ Details

- Definition

Tabular disclosure of 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. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References+ Details