15.

Restructuring, asset impairment, and other charges

Asset Impairment Charges and Lease Exit Costs

During fiscal 2015 income from operations included $106 of non-cash asset impairment charges and a $419 charge for the accrual of lease exit costs, both incurred in connection with the closing of our Company-owned retail store location in Memphis, Tennessee.

There were no asset impairment charges or lease exit costs incurred against income from operations during fiscal 2014 or 2013. See Note 2 regarding non-operating impairment charges incurred in connection with our investments in retail real estate.

Management Restructuring Costs

During the year ended November 28, 2015, we recognized $449 of expense related to severance payable to a former executive, who left the Company in April, 2015. As of November 28, 2015, all required payments of severance have been disbursed. These management restructuring costs were incurred within our wholesale segment. There were no restructuring charges incurred in fiscal 2014 or 2013.

The following table summarizes the activity related to our accrued lease exit costs:

	2015			2014

Balance, beginning of the year	$	433		$	907
Provisions associated with Company-owned retail stores		419			-
Provisions made to adjust previous estimates		111			14
Payments on unexpired leases, net of sublease rent received		(410	)		(510	)
Accretion of interest on obligations		13			22

Balance, end of the year	$	566		$	433

Current portion included in other accrued liabilities	$	351		$	117
Long-term portion included in other long-term liabilities		215			316
	$	566		$	433