Business Developments (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

Costs incurred related to the execution of these strategic initiatives consisted of the following for the years ended December 31:

	Years ended December 31,
(In thousands)	2021		2020
Severance and other benefits	$	(1,562)	$	17,860
Professional fees and other related charges	8,569		10,788
ROU lease asset impairment	1,198		11,954
Other (1)	(1,037)		2,055
Total strategic initiatives costs	$	7,168	$	42,657

(1)Other includes accelerated depreciation and operating lease costs for all periods presented, gain on sale of banking centers and early lease terminations in 2021, and write-downs of property and equipment in 2020.

The following table summarizes the changes in accrued expenses and other liabilities associated with these strategic initiatives:

	Year ended December 31, 2021
(In thousands)	Severance and other benefits		Professional fees and other related charges		Total
Balance at December 31, 2019	$	—	$	—	$	—
Additions charged to expense	17,860		10,788		28,648
Cash payments	(185)		(8,668)		(8,853)
Balance at December 31, 2020	$	17,675	$	2,120	$	19,795
Additions charged to expense	2,340		8,569		10,909
Adjustments (1)	(3,902)		—		(3,902)
Cash payments	(10,994)		(8,962)		(19,956)
Balance at December 31, 2021	$	5,119	$	1,727	$	6,846

(1)Changes in employee retention assumptions during the third quarter of 2021 resulted in a release of the Company's previously recorded severance accrual.