Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

v3.3.0.814
Accrued Expenses
 9 Months Ended
Sep. 30, 2015
Accrued Expenses  
Accrued Expenses

9.Accrued Expenses

 

Accrued expenses consist of the following:

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

    

2015

    

2014

 

Accrued investment manager fees

 

$
28,855

 

$
25,195

 

Accrued compensation and related taxes

 

 
15,890

 

 
18,344

 

Accrued professional services

 

 
477

 

 
536

 

Acquisition purchase liabilities

 

 
3,520

 

 

 —

 

Estimated accrued software license fees

 

 

 —

 

 
800

 

Accrued restructuring charges

 

 
418

 

 

 —

 

Other accrued expenses

 

 
4,064

 

 
3,372

 

 

 

$
53,224

 

$
48,247

 

 

Acquisition related purchase liabilities represent future payments to former Upside and Finance Logix owners of $615 and $2,905, respectively, related to indemnity holdback amounts as of September 30, 2015.

 

During the second quarter of 2015, the Company closed its Wellesley office in order to more appropriately align and manage the Company’s resources. In the nine months ended September 30, 2015, the Company recognized pre-tax restructuring charges of $518, primarily for future lease payments.