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)
|
|
|
1,109
|
|
|
Payments (2)
|
|
|
(4,725
|
)
|
|
Balance at September 30, 2016
|
|
$
|
10,911
|
|
|
(1)
|
Expense of approximately $1.0 million is recorded in income (loss) from discontinued operations before taxes and expense of approximately $0.1 million is recorded in interest expense, other, net, in the accompanying condensed consolidated statements of income.
|
|
(2)
|
Amount is recorded as an offset to rent expense, with approximately $0.5 million recorded in selling, general and administrative expenses and approximately $4.2 million recorded in income (loss) from discontinued operations before taxes, in the accompanying condensed consolidated statements of income.
|
|