Restructuring Charges

3 Months Ended

Mar. 31, 2014

During the three month periods ended March 31, 2014, the Company recorded restructuring charges in continuing operations totaling $0.1 million. The restructuring charges for the three month period ended March 31, 2014 consisted of employee severance.

At March 31, 2014, there was a total of $0.7 million related to restructuring charges, including employee severance and branch closure costs, are recorded in accrued expenses in the accompanying consolidated balance sheet. The following table provides a summary of the activity in the restructure accrual for the three months ended March 31, 2014:



	As of							As of
(In thousands)	December 31, 2013		Charges		Payments			March 31, 2014
Severance	$	531	$	92	$	(213	)	$	410
Branch closure obligation	415		—		(148		)	267
Total	$	946	$	92	$	(361	)	$	677

- 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.

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