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 recognized $9.1 million of total restructuring expense during the year ended December 31, 2017. The following table presents activities in accrued liabilities and related expenses for the restructuring as of or for the year ended December 31, 2017:



	As of or For the Year Ended December 31, 2017
	Expense
($ in thousands)	Continuing Operations		Discontinued Operations		Total		Accrued Liabilities
Balance at beginning of period							$	—
Accrual:
Severance and other employee related costs	$	5,326	$	2,899	$	8,225	8,225
Other restructuring expense	—		895		895		895
Total	$	5,326	$	3,794	$	9,120	9,120
Payments:
Severance and other employee related costs							(8,023		)
Other restructuring expense							(895		)
Total							$	(8,918	)
Balance at end of period							$	202