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