Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Summary of Lease Exit Accruals

A summary of the activity of these operating lease exit accruals consists of the following:

 

 

 

(In thousands)

 

Balance at December 31, 2016

 

$

9,790

 

Lease exit expense (1)

 

 

614

 

Payments (2)

 

 

(1,189

)

Other (3)

 

 

(885

)

Balance at March 31, 2017

 

$

8,330

 

 

(1)

Expense of approximately $0.6 million is recorded in income (loss) from discontinued operations before taxes, 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 $1.0 million recorded in income (loss) from discontinued operations before taxes, in the accompanying condensed consolidated statements of income.

(3)

Amount represents the cash settlement of accruals related to certain deferred maintenance costs and other liabilities related to lease termination.