|
A summary of the activity of these operating lease exit accruals consists of the following:
| |
|
|
|
|
| |
|
(In thousands) |
|
| |
|
|
Balance, December 31, 2012
|
|
$ |
32,983 |
|
|
Lease exit expense (1)
|
|
|
1,605 |
|
|
Payments (2)
|
|
|
(4,391 |
) |
| |
|
|
|
|
|
Balance, June 30, 2013
|
|
$ |
30,197 |
|
| |
|
|
|
|
| (1) |
Expense of approximately $0.1 million is recorded in interest expense, other, net, expense of approximately $0.1 million is recorded in SG&A, and expense of
approximately $1.4 million is recorded to income (loss) from operations and the sale of dealerships in the accompanying Unaudited Condensed Consolidated Statements of Income. |
| (2) |
Amount is recorded as an offet to rent expense in selling, general and administrative expenses, with approximately $0.6 million in continuing operations and $3.8
million in income (loss) from operations and the sale of dealerships in the accompanying Unaudited Condensed Consolidated Statements of Income. |
|