Restructuring costs

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

In addition to discontinuing operations in certain markets, the Company has instituted store closures and reductions in headcount in continuing markets (the “Restructurings”) in an effort to: (i) strengthen the Company’s competitive position; (ii) reduce costs and (iii) improve operating margins within existing markets that management believes have favorable long-term growth demographics.

No additional costs, other than interest accretion, are expected to be incurred related to the Restructurings.

The following table summarizes the restructuring expenses incurred in connection with the Restructurings and the remaining reserves as of September 30, 2013:



	Work force reductions			Store closures			Total
Restructuring reserves, December 31, 2012	$	353		$	4,772		$	5,125
Restructuring charges incurred	—			155			155
Cash payments	(116		)	(1,172		)	(1,288		)
Restructuring reserves, September 30, 2013	$	237		$	3,755		$	3,992

The remaining accrual for work force reduction of $237 is expected to be fully paid by December 2014. The remaining accrual for store closures of $3,755 is expected to be fully paid by January 2017 as the related leases expire.

The restructuring reserve at September 30, 2013 consists of a current portion of $1,572 and a long-term portion of $2,420, which is included in other long-term liabilities on the consolidated balance sheets.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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