Leadership Changes and Restructuring Activities (Tables)

9 Months Ended

Sep. 30, 2015

Leadership Changes and Restructuring Activities

Summary of Estimated Fair Value Liability Established for the Aforementioned Severance and Other Related Costs

The following table presents a rollforward of the estimated fair value liability established for the aforementioned severance and other related costs, which are entirely attributable to the Company’s Real Estate Franchise Services reportable segment, from January 1, 2015 to September 30, 2015 (in thousands):

Balance, January 1, 2015	$	2,408
Additional severance and other related expenses		1,542
Accretion		61
Cash payments		(1,337)
Non-cash adjustment (a)		(216)
Balance, September 30, 2015	$	2,458

(a) Non-cash adjustment represents the non-cash equity-based compensation expense recorded during the nine months ended September 30, 2015 for the accelerated vesting of certain restricted stock units in August 2015 pursuant to the terms of the Retirement Agreement. See also Note 10, Equity-Based Compensation.