ZIPREALTY INC - 10-K filing on 2014-03-10

Restructuring Charges, Net (Tables)

12 Months Ended

Dec. 31, 2013

For the years ended December 31, 2013 and 2012, restructuring charges were comprised of the following:


	Year Ended December 31,
	2013		2012
	(In thousands)
Employee severance and related expenses	$	54	$	1,611
Lease obligations and other exit costs		(21)		75
Non-cash charges		-		(80)
Total	$	33	$	1,606

The activity accrued restructuring charges for the year ended December 31, 2013 was as follows:


		Balance as of December 31,					Non-cash			Balance as of December 31,		Total Charges to date as of December 31,
		2012	Charges		Payments		Adjustment			2013		2013
	(In thousands)
2012 Restructuring Plan
Employee severance and related expenses	$	27	$	54	$	(81)	$	-	$	-	$	1,585
Lease obligation and other exit costs		44		-		(24)		-		20		75
		71		54		(105)		-		20		1,660
2011 Restructuring Plan
Employee severance and related expenses		-		-		-		-		-		1,452
Lease obligation and other exit costs		150		(21)		(81)		-		48		808
Non-cash charges		-				-				-		59
		150		(21)		(81)		-		48		2,319
Total	$	221	$	33	$	(186)	$	-	$	68	$	3,979

The activity accrued restructuring charges for the year ended December 31, 2012 was as follows:



	Balance as of December 31,						Non-cash			Balance as of December 31,	Total Charges to date as of December 31,
	2011		Charges		Payments		Adjustment		2012		2012
	(In thousands)
2012 Restructuring Plan
Employee severance and related expenses	$	-	$	1,595	$	(1,488)	$	(80)	$	27	$	1,531
Lease obligation and other exit costs		-		90		(109)		63		44		75
		-		1,685		(1,597)		(17)		71		1,606
2011 Restructuring Plan
Employee severance and related expenses		39		1		(40)		-		-		1,450
Lease obligation and other exit costs		377		-		(224)		(3)		150		830
Non-cash adjustments		-		-		-		-		-		59
		416		1		(264)		(3)		150		2,339
Total	$	416	$	1,686	$	(1,861)	$	(20)	$	221	$	3,945

Accrued restructuring charges were included in the Company’s consolidated balance sheet as follows:


	Year Ended December 31,
	2013		2012
	(In thousands)
Accrued restructuring charges (current liabilities)	$	44	$	221
Other long-term liabilities		24		-
Total accrued restructuring charges	$	68	$	221