Commitments and Contingencies (Tables) (RMCO)

9 Months Ended

Sep. 30, 2013

RMCO

Schedule of Estimated Fair Value Liability Established for Costs

During 2008, the Company closed several real estate brokerage offices in the Pacific Northwest and Washington, DC areas of the U.S. Subsequent to 2008, the Company closed four additional real estate brokerage offices in the Pacific Northwest and Washington, DC areas. In connection with these office closures, the Company abandoned office leases with remaining lease terms of eleven months to eight years. During the nine months ended September30, 2013, the Company abandoned an additional two leases for offices located in the Pacific Northwest with remaining lease terms of three months. The Company recorded a liability, initially measured at its estimated fair value, for costs that will continue to be incurred under these contracts for the remaining lease terms with the related charge recorded to operating expenses in the accompanying consolidated financial statements. At September30, 2013 and December31, 2012, total future cash payments were estimated to be $663,000 and $1,061,000, respectively. This liability will be increased by accreting charges over the terms of the leases via charges to rent expense, based on discount rates ranging from 2.75% to 18.03%, and will be reduced by the actual lease payments made. The following table presents a rollforward of the estimated fair value liability established for these costs from January1, 2013 to September30, 2013 (in thousands):

Accruals at January1, 2013	$	420
Additional abandoned leases		99
Extinguishments		—
Accretion and adjustments		180
Payments		(474	)
Accruals at September30, 2013	$	225