NOTE 12. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the following:


	June 30,
	2012		2011
	($ in millions)
Employee compensation and benefits	$	139.6	$	102.1
Accrued broker fees		38.6		40.6
Accrued income taxes		42.9		23.7
Accrued dividend payable		19.9		18.2
Other		19.6		45.7

Total	$	260.6	$	230.3

As a result of the termination of the U.S. Schedule to the Outsourcing Services Agreement on June 5, 2012, Broadridge’s obligation to pay or credit to Penson fees in the amount of $15.1 million related to a third party vendor’s services that were replaced by the Outsourcing Services Agreement was extinguished. $9.7 million of this obligation was previously included in Accrued expenses and other current liabilities on the Consolidated Balance Sheet.