Restructure Expense

3 Months Ended

Mar. 31, 2014

17. Restructure Expense

In April 2013, the Company announced its intention to close its Boynton Beach office. As a result the Company recorded a restructure charge in 2013 of $3.6 million for primarily severance and related expense. The associated workforce reductions were substantially complete as of December 31, 2013. A reconciliation of the associated restructure liability for the three months ended March 31, 2014 is as follows:

	Total
	(Dollars in thousands)

Balance as of December 31, 2013	$	921
Restructuring expense	(18		)
Payments for restructuring charges	(486		)
Balance as of March 31, 2014	$	417

- 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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