Nutrisystem 2015 Annual Report Download - page 29
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Please find page 29 of the 2015 Nutrisystem annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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(d) During 2012, we recorded $5,724 of severance in general and administrative expense, including $3,293 of
non-cash expense related to the acceleration of previously awarded equity-based awards, for our former
President and Chief Executive Officer’s cessation of employment. Additionally, we recorded an impairment
charge of $2,100 related to advances paid to a frozen food supplier as the supplier was in default with its
bank lender and negotiating a work out plan and a charge of $1,980 to vacate a facility. We also recorded a
charge of $2,476 to restructure certain third party marketing vendor contracts and a charge of $1,079 to
write off unamortized debt issuance costs.
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