Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v2.4.1.9
Accrued Expenses
12 Months Ended
Dec. 31, 2014
Accrued Expenses  
Accrued Expenses

 

9. Accrued Expenses

        Accrued expenses consist of the following:

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2014

 

2013

 

Accrued investment manager fees

 

$

25,195 

 

$

19,310 

 

Accrued compensation and related taxes

 

 

18,344 

 

 

12,125 

 

Accrued professional services

 

 

536 

 

 

694 

 

Accrued restructuring charges

 

 

 

 

551 

 

Estimated accrued software license fees

 

 

800 

 

 

 

Other accrued expenses

 

 

3,372 

 

 

2,562 

 

​  

​  

​  

​  

 

 

$

48,247 

 

$

35,242 

 

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        The Company incurred restructuring charges of $474 (see Note 15), net of deferred rent adjustment, in the year ended December 31, 2013, due to lease termination penalties incurred to terminate the Denver and Raleigh leases.

        The summary of activity in accrued restructuring charges was as follows:

                                                                                                                                                                                    

Balance at December 31, 2012

 

$

 

Restructuring provision incurred

 

 

474

 

Lease termination payment accrued

 

 

551

 

Payments

 

 

(474

)

​  

​  

Balance at December 31, 2013

 

 

551

 

Payments

 

 

(551

)

​  

​  

Balance at December 31, 2014

 

$

—  

 

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​