Closure Costs |
9 Months Ended |
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Sep. 30, 2016 | |
| Closure Costs | |
| Closure Costs |
14. CLOSURE COSTS
We continuously evaluate our national footprint to ensure we are strategically located throughout the U.S. to serve our customers and position ourselves for continued growth. As a result of this evaluation, management approved a plan to close 13 locations within our Installation and Distribution segments during the first half of 2016. In conjunction with this evaluation, we eliminated certain positions at our corporate headquarters located in Daytona Beach, Florida. We recognized expenses related to branch closures and position eliminations at the time of announcement or notification. Such costs included termination and other severance benefits, lease abandonment costs, and other contract termination costs. We incurred $0.9 million of closure and position elimination costs, primarily in our Installation segment, during the nine months ended September 30, 2016, related to this announcement. Closure costs are reflected in our Condensed Consolidated Statements of Operations as selling, general, and administrative expense. Remaining accrued closure costs of $0.1 million at September 30, 2016 are expected to be paid within the next three months. Accrued closure costs are reflected in our Condensed Consolidated Balances sheets as accrued liabilities.
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