TopBuild Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Closure Costs

Closure Costs

9 Months Ended

Sep. 30, 2017

13. CLOSURE COSTS

We continually 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 consolidate certain back-office support operations to our Daytona Beach, Florida, Branch Support Center. We recognize expenses related to closures and position eliminations at the time of announcement or notification. Such costs included termination and other severance benefits, lease abandonment costs, and other transition costs. Closure costs are reflected in our Condensed Consolidated Statements of Operations as selling, general, and administrative expense. Accrued closure costs are reflected in our Condensed Consolidated Balance Sheets as accrued liabilities. We expect to pay the remaining lease termination and other accrued closure costs within twelve months.

The following table details our total estimated closure costs, by cost type, related to the above closure and transition, in thousands:


Segment / Cost Type	Closure Costs Liability at December 31, 2016		Closure Costs Incurred for the Nine Months Ended September 30, 2017		Cash Payments for the Nine Months Ended September 30, 2017		Non-cash Adjustments for the Nine Months Ended September 30, 2017		Closure Costs Liability at September 30, 2017
Corporate:
Severance	$	—	$	706	$	(270)	$	(285)	$	151
Lease abandonment		—		582		(105)		(115)		362
Other costs		—		1,097		(1,039)		—		58
Total Corporate:	$	—	$	2,385	$	(1,414)	$	(400)	$	571