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Restructuring Charges
 3 Months Ended
Mar. 31, 2018
Restructuring Charges [Abstract]  
Restructuring Charges
Note 5 - Restructuring Charges
For the three months ended March 31, 2018 and 2017, total restructuring charges consist of the following components:
 
Three Months Ended March 31,
(in thousands)
2018
 
2017
Severance charges
$
—

 
$
6,453

Other charges, net
(315
)
 
58

Total restructuring charges, net
$
(315
)
 
$
6,511

 
 
 
 

For the three months ended March 31, 2018, Synovus recorded net lease termination accrual reversals of $377 thousand related to branches closed in prior years. During the three months ended March 31, 2017, Synovus recorded severance charges of $6.5 million including $6.2 million for termination benefits incurred in conjunction with a voluntary early retirement program offered to Synovus employees during the first quarter of 2017.
The following tables present aggregate activity within the accrual for restructuring charges for the three months ended March 31, 2018 and 2017:
(in thousands)
Severance Charges
 
Lease Termination Charges
 
Total
Balance at December 31, 2017
$
336

 
$
3,276

 
$
3,612

Accruals for lease terminations
—

 
(377
)
 
(377
)
Payments
(336
)
 
(393
)
 
(729
)
Balance at March 31, 2018
$
—

 
$
2,506

 
$
2,506

 
 
 
 
 
 

(in thousands)
Severance Charges
 
Lease Termination Charges
 
Total
Balance at December 31, 2016
$
81

 
$
3,968

 
$
4,049

Accrual for voluntary and involuntary termination benefits
6,453

 
—

 
6,453

Payments
(219
)
 
(279
)
 
(498
)
Balance at March 31, 2017
$
6,315

 
$
3,689

 
$
10,004

 
 
 
 
 
 

All other charges were paid in the quarters in which they were incurred. No other restructuring charges resulted in payment accruals.