RESTRUCTURING

In connection with the sale of its Banc Home Loans division in 2017, 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 Company had outstanding unpaid accrued liabilities of $161 thousand and $202 thousand, respectively, at March 31, 2018 and December 31, 2017. The following table presents activities in accrued liabilities and related expenses for the restructuring as of or for the three months ended March 31, 2018 and 2017:



	Expense
($ in thousands)	Continuing Operations		Discontinued Operations		Total		Accrued Liabilities
As of or For the Three Months Ended March 31, 2018
Balance at beginning of period							$	202
Payments:
Severance and other employee related costs							(41		)
Other restructuring expense							—
Total							$	(41	)
Balance at end of period							$	161
As of or For the Three Months Ended March 31, 2017
Balance at beginning of period							$	—
Accrual:
Severance and other employee related costs	$	5,287	$	2,323	$	7,610	7,610
Other restructuring expense	—		895		895		895
Total	$	5,287	$	3,218	$	8,505	8,505
Payments:
Severance and other employee related costs							(1,503		)
Other restructuring expense							—
Total							$	(1,503	)
Balance at end of period							$	7,002