RESTRUCTURING EXPENSE

9 Months Ended

Sep. 30, 2011

RESTRUCTURING EXPENSE

RESTRUCTURING EXPENSE

NOTE 10—RESTRUCTURING EXPENSE

        Restructuring expense in 2011 primarily relates to severance costs for headcount reductions in the corporate infrastructure departments. Restructuring expense in 2010 primarily relates to continuing lease obligations on facilities previously used for call center operations, for which management had a plan to exit at December 31, 2009, but the cease-use date did not occur until January 2010. Costs that relate to ongoing operations are not part of restructuring expense. Restructuring expense by type are as follows (in thousands):

	For The Three Months Ended September 30, 2011
	Employee Termination Costs		Continuing Lease Obligations		Asset Write-offs		Total
Restructuring expense	$	396	$	86	$	16	$	498

	For The Three Months Ended September 30, 2010
	Employee Termination Costs		Continuing Lease Obligations		Asset Write-offs		Total
Restructuring expense	$	46	$	—	$	—	$	46

	For The Nine Months Ended September 30, 2011
	Employee Termination Costs		Continuing Lease Obligations		Asset Write-offs		Total
Restructuring expense	$	888	$	86	$	16	$	990

	For The Nine Months Ended September 30, 2010
	Employee Termination Costs		Continuing Lease Obligations		Asset Write-offs		Total
Restructuring expense	$	162	$	2,463	$	93	$	2,718

        Restructuring expense and payments against liabilities are as follows (in thousands):

		For The Nine Months Ended September 30, 2011
		Employee Termination Costs			Continuing Lease Obligations			Asset Write-offs			Total
Balance, beginning of period		$	19		$	2,339		$	—		$	2,358
	Restructuring expense		888			86			16			990
	Payments		(663	)		(925	)		—			(1,588	)
	Write-offs		—			22			(16	)		6
Balance, end of period		$	244		$	1,522		$	—		$	1,766

        At September 30, 2011, restructuring liabilities of $0.7 million are included in accrued expenses and other current liabilities and $1.0 million are included in other long-term liabilities in the accompanying consolidated balance sheet. At December 31, 2010, restructuring liabilities of $1.2 million are included in accrued expenses and other current liabilities and $1.2 million are included in other long-term liabilities in the accompanying consolidated balance sheet. Tree.com does not expect to incur significant additional costs related to the restructurings noted above.