Exit activities. During the third quarter 2015, management approved the exit plan for the delinquent loan servicing activities, which are included in the ancillary services and corporate segment. The decision was based on continued pricing pressures on existing contracts and decreased demand for these services. Since the announcement, the Company has operated the delinquent loan servicing business on a phased exit schedule. As of March 31, 2016, the Company has completed its exit of the business, for which total cumulative charges incurred amounted to $6.4 million, comprised of $1.6 million of employee termination benefits, $2.3 million of accrued early lease termination costs and $2.5 million of accelerated depreciation of assets. Of these amounts, approximately $0.4 million of employee termination benefits, $1.3 million of accrued early lease termination costs and $1.1 million of accelerated depreciation of assets were recorded during the quarter ended March 31, 2016 and are included within the employee costs, investments and other gains - net and depreciation and amortization lines, respectively, in the consolidated statement of operations and comprehensive income (loss).

A summary of changes in the outstanding liabilities related to the exit plan is as follows:



	Liability for employee termination benefits		Liability for early lease termination		Total
	($000 omitted)
Balances at December 31, 2015	760		952		1,712
Accrual for:
Severance expenses	442		—		442
Early lease termination costs	—		1,330		1,330
Reclassification of deferred rent balance	—		399		399
Payments	(310	)	(97	)	(407	)
Balances at March 31, 2016	892		2,584		3,476