Discontinued Operation

3 Months Ended

Mar. 31, 2015

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 three months ended March 31, 2015 (in thousands):

	Facility Exit
	Costs
Balance of restructuring accrual at December 31, 2014	$	2,742
Restructuring charges	12
Cash payments	(152		)
Adjustment of prior restructuring costs	20
Balance of restructuring accrual at March 31, 2015	$	2,622

Of the remaining restructuring accrual of $2.6 million at March 31, 2015, $0.6 million is included in “Current liabilities of discontinued operation” and $2.0 million is included in “Noncurrent liabilities of discontinued operation” in the accompanying condensed consolidated balance sheet. These facility exit costs will be paid over the remaining lease term through November 2018.