Restructuring Charges

3 Months Ended

Mar. 31, 2016

Restructuring Charges [Abstract]

Restructuring Charges

Note 4 - Restructuring Charges

For the three months ended March 31, 2016 and 2015, total restructuring charges consist of the following components:

	Three Months Ended March 31,
(in thousands)	2016		2015
Lease termination charges	$	44	—
Asset impairment charges	1,045		—
Gain on sale of assets held for sale, net	—		(157	)
Professional fees and other charges	51		50
Total restructuring charges, net	$	1,140	(107	)

For the three months ended March 31, 2016, Synovus recorded restructuring charges of $1.1 million following the decision during the first quarter of 2016 to close four branches. During the three months ended March 31, 2015, Synovus recorded net gains of $157 thousand on the sale of certain branch locations and recorded additional expense of $50 thousand associated with branch closings that occurred during 2014.

The following table presents aggregate activity associated with accruals that resulted from restructuring charges during the three months ended March 31, 2016 and 2015:

(in thousands)	Severance Charges			Lease Termination Charges		Total
Balance at December 31, 2015	$	1,930		4,687		6,617
Accruals for lease terminations	—			44		44
Payments	(397		)	(186	)	(583	)
Balance at March 31, 2016	$	1,533		4,545		6,078

(in thousands)	Severance Charges			Lease Termination Charges		Total
Balance at December 31, 2014	$	3,291		5,539		8,830
Payments	(521		)	(221	)	(742	)
Balance at March 31, 2015	$	2,770		5,318		8,088

All professional fees and other charges were paid in the years that they were incurred. No other restructuring charges resulted in payment accruals.