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RESTRUCTURING | 9 Months Ended
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Sep. 30, 2017
Restructuring and Related Activities [Abstract] |
RESTRUCTURING | RESTRUCTURING In connection with the sale of its Banc Home Loans division, the Company restructured certain aspects of its infrastructure and back office operations by realigning back office staffing resulting in certain severance and other employee related costs including accelerated vesting of equity awards, and amending certain system contracts in order to improve the Company's efficiency. These employees and systems primarily supported the Company's mortgage banking activities. The Company expects to recognize approximately $10 million of total restructuring expense during 2017. The following table presents activities in accrued liabilities and related expenses for the restructuring as of or for the three months ended September 30, 2017:
| As of or For the Three Months Ended September 30, 2017
| Expense |  |
| Continuing Operations |  | Discontinued Operations |  | Total |  | Accrued Liabilities
| (In thousands)
Balance at beginning of period |  |  |  |  |  |  | $ | 687 |
Accrual: |  |  |  |  |  |  |
Severance and other employee related costs | $ | — |  |  | $ | 279 |  |  | $ | 279 |  |  | 279 |
Other restructuring expense | — |  |  | — |  |  | — |  |  | — |
Total | $ | — |  |  | $ | 279 |  |  | $ | 279 |  |  | 279 |
Payments: |  |  |  |  |  |  |
Severance and other employee related costs |  |  |  |  |  |  | (681 | )
Other restructuring expense |  |  |  |  |  |  | — |
Total |  |  |  |  |  |  | $ | (681 | )
Balance at end of period |  |  |  |  |  |  | $ | 285 |
The following table presents activities in accrued liabilities and related expenses for the restructuring as of or for the nine months ended September 30, 2017:
| As of or For the Nine Months Ended September 30, 2017
| Expense |  |
| Continuing Operations |  | Discontinued Operations |  | Total |  | Accrued Liabilities
| (In thousands)
Balance at beginning of period |  |  |  |  |  |  | $ | — |
Accrual: |  |  |  |  |  |  |
Severance and other employee related costs | $ | 5,369 |  |  | $ | 2,899 |  |  | $ | 8,268 |  |  | 8,268 |
Other restructuring expense | — |  |  | 895 |  |  | 895 |  |  | 895 |
Total | $ | 5,369 |  |  | $ | 3,794 |  |  | $ | 9,163 |  |  | 9,163 |
Payments: |  |  |  |  |  |  |
Severance and other employee related costs |  |  |  |  |  |  | (7,983 | )
Other restructuring expense |  |  |  |  |  |  | (895 | )
Total |  |  |  |  |  |  | $ | (8,878 | )
Balance at end of period |  |  |  |  |  |  | $ | 285 |

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- References No definition available. + Details
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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