A summary of the activity of these operating lease exit accruals consists of the following:
|
|
|
(In thousands)
|
|
|
Balance at December 31, 2015
|
|
$
|
14,527
|
|
|
Interest expense, net of adjustments (1)
|
|
|
(139
|
)
|
|
Payments (2)
|
|
|
(3,163
|
)
|
|
Balance at June 30, 2016
|
|
$
|
11,225
|
|
|
(1)
|
Income of approximately $0.2 million is recorded in income (loss) from discontinued operations before taxes, offset partially by interest expense of approximately $0.1 million recorded in the accompanying condensed consolidated statements of income.
|
|
(2)
|
Amount is recorded as an offset to rent expense, with approximately $0.4 million recorded in selling, general and administrative expenses and approximately $2.8 million recorded in income (loss) from discontinued operations before taxes, in the accompanying condensed consolidated statements of income.
|
|