Acquisition-related Costs

During 2011, we incurred approximately $8.0 million in costs to complete acquisitions and to leverage synergies from recent business combinations. As a result of these activities, we eliminated approximately 40 positions and closed one of the acquired offices. The changes only affected the Americas and EMEA segments.

During 2012, we incurred approximately $4.1 million in costs associated with acquisitions, including legal and professional fees, the elimination of certain positions, and a facility closure. Substantially all of the costs were incurred within the Americas segment.

During 2013, we incurred approximately $23.4 million of costs associated with acquisitions, primarily related to the Polk acquisition. Acquisition-related costs for 2013 included investment adviser fees, severance, a lease abandonment, and legal and professional fees. Certain of these costs were incurred for a transaction that we chose not to consummate. Approximately $19.6 million of the costs were incurred in the Americas segment and $3.9 million of the costs were incurred in the EMEA segment.

The following table provides a reconciliation of the acquisition-related costs accrued liability as of November 30, 2013 (in thousands):



	Employee Severance and Other Termination Benefits			Contract Termination Costs			Other			Total
Balance at November 30, 2010	$	—		$	—		$	—		$	—
Add: Costs incurred	4,318			706			2,976			8,000
Less: Amount paid	(2,699		)	(237		)	(2,791		)	(5,727		)
Balance at November 30, 2011	$	1,619		$	469		$	185		$	2,273
Add: Costs incurred	1,912			138			2,119			4,169
Revision to prior estimates	(22		)	—			—			(22		)
Less: Amount paid	(2,925		)	(523		)	(2,304		)	(5,752		)
Balance at November 30, 2012	$	584		$	84		$	—		$	668
Add: Costs incurred	7,828			1,291			14,487			23,606
Revision to prior estimates	(114		)	(44		)	(20		)	(178		)
Less: Amount paid	(2,439		)	(1,130		)	(14,396		)	(17,965		)
Balance at November 30, 2013	$	5,859		$	201		$	71		$	6,131

As of November 30, 2013, approximately $2.7 million of the remaining liability was in the Americas segment and $3.4 million was in the EMEA segment. We expect that the remaining liability will be substantially paid in 2014.