Reserve for Severance

3 Months Ended

Mar. 31, 2013

Severance Reserve

The table below shows the changes in the Company’s reserve for severance and related payments as of March 31, 2013 and 2012.



	(Dollars in thousands)
	Three Months Ended March 31,
	2013			2012
Balance at beginning of period	$	4,417		$	1,282
Charged to earnings	—			185
Payments	(986		)	(584		)
Balance at end of period	$	3,431		$	883

Accrued severance charges are included in the line items of the Condensed Consolidated Balance Sheets at March 31, 2013 and December 31, 2012 as follows:



	(Dollars in thousands)
	March 31,		December 31,
	2013		2012
Accrued expenses and other liabilities	$	2,831	$	3,467
Other liabilities	600		950
Total accrued severance	$	3,431	$	4,417