A summary of the activity of these operating lease exit accruals consists of the following:
|
|
|
(In thousands)
|
|
|
Balance at December 31, 2015
|
|
$
|
14,527
|
|
|
Lease exit expense (1)
|
|
|
(409
|
)
|
|
Payments (2)
|
|
|
(1,581
|
)
|
|
Balance at March 31, 2016
|
|
$
|
12,537
|
|
|
(1)
|
Income of approximately $0.5 million is recorded in income (loss) from discontinued operations before taxes, offset partially by expense of approximately $0.1 million recorded in selling, general and administrative expenses in the accompanying condensed consolidated statements of income.
|
|
(2)
|
Amount is recorded as an offset to rent expense, with approximately $0.2 million recorded in selling, general and administrative expenses and approximately $1.4 million recorded in income (loss) from discontinued operations before taxes, in the accompanying condensed consolidated statements of income.
|
|