Discontinued Operation

6 Months Ended

Jun. 30, 2014

Discontinued Operation

Discontinued Operation

Note 11—Discontinued Operation

During 2009, the Company discontinued the operations of its wholly-owned subsidiary, MicroEdge, Inc. (“MicroEdge”). In connection with the sale of MicroEdge, the Company vacated its MicroEdge facilities in New York and entered into a sub-lease agreement with the purchaser, whereby the purchaser contracted to sub-lease the premises through the end of the amended lease term in November 2018.

The following table sets forth an analysis of the components of the restructuring charges related to the Company’s discontinued operation and the payments and non-cash charges made against the accrual during the six months ended June 30, 2014 (in thousands):

	Facility Exit
	Costs
Balance of restructuring accrual at December 31, 2013	$	3,351
Cash payments	(347		)
Restructuring charges	11
Accretion of prior restructuring costs	50
Balance of restructuring accrual at June 30, 2014	$	3,065

Of the remaining restructuring accrual of $3.1 million at June 30, 2014, $0.6 million is included in “Current liabilities of discontinued operation” in the accompanying condensed consolidated balance sheet. The facility exit costs will be paid over the remaining lease term through November 2018.