Merger Acquisition and Other Integration Expenses

6 Months Ended

Jun. 30, 2011

Merger Aquisition And Other Integration Expenses [Abstract]

Merger Acquisition and Other Integration Expenses

10. Merger, Acquisition and Other Integration Expenses

In connection with the Merger, we have incurred and expect to incur additional significant transaction, integration, and transitional costs. These costs include investment banker advisory fees; legal, tax, accounting and valuation fees; termination and severance costs (both cash and stock based compensation awards) for terminated and transitional employees; system conversion costs; and other integration costs. These costs are expensed as incurred, which in some cases will be through the end of 2012. The costs that were obligations of AMB and expensed pre-merger are not included in our Consolidated Financial Statements. At the time of the Merger, we terminated our existing credit facilities and wrote-off the remaining unamortized deferred loan costs associated with such facilities, which is included as a merger expense. In addition, we have included costs associated with the acquisition of a controlling interest in PEPR and the reduction in workforce charges associated with dispositions made in 2011. The following is a breakdown of the costs incurred during the three and six months ended June 30, 2011 (in thousands):

		Three Months Ended		Six Months Ended
		June 30,		June 30,
		2011		2011
Professional fees	$	39,308	$	41,489
Termination, severance and employee costs		30,530		34,337
Office closure, travel and other costs		22,345		22,345
Write-off of deferred loan costs		10,869		10,869
Total	$	103,052	$	109,040