Office Closing and Exit Activities

6 Months Ended

Jun. 30, 2011

Office Closing and Exit Activities [Abstract]


(19)		OFFICE CLOSING AND EXIT ACTIVITIES

In February 2010, we entered into an agreement to sell our natural gas properties in Ohio. We closed approximately 90% of the sale in March 2010 and closed the remainder of the sale in June 2010. The first quarter 2010 includes $5.1 million accrued severance costs, which is reflected in termination costs in the accompanying consolidated statements of operations. As part of their severance agreement, our Ohio employees’ vesting of SARs and restricted stock grants was accelerated, increasing termination costs for stock compensation expense in first quarter 2010 by approximately $2.8 million.

The following table details our exit activities, which are included in accrued liabilities in the accompanying consolidated balance sheets as of June 30, 2011 and December 31, 2010 (in thousands):


	Six Months			Year
	Ended			Ended
	June 30,			December 31,
	2011			2010
	(in thousands)
Balance at beginning of period	$	1,092		$	1,568
Accrued one-time termination costs		—			5,138
Office lease		(117	)		514
Payments		(742	)		(6,128	)

Balance at end of period	$	233		$	1,092

- 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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