Restructuring, Repositioning, And Efficiency (Tables)

3 Months Ended

Mar. 31, 2014

Activity in the restructuring and repositioning liability for the three months ended March 31, 2014 and 2013, is presented in the following table, along with other restructuring and repositioning expenses recognized.

		Three Months Ended
		March 31
		2014				2013
(Dollars in thousands)		Expense		Liability		Expense		Liability
Beginning balance				$	3,126			$	19,775
Severance and other employee related costs		$	914		914	$	819		819
Facility consolidation costs			4,597		4,597		438		438
Total accrued			5,511		8,637		1,257		21,032
Payments related to:
	Severance and other employee related costs				571				6,038
	Facility consolidation costs				229				417
Accrual reversals					30				96
	Restructuring and repositioning reserve balance			$	7,807			$	14,481

Other restructuring and repositioning expense:
	(Gains)/losses on divestitures		-				(639)
	Impairment of premises and equipment		222				-
	Other		-				(96)
	Total other restructuring and repositioning expense		222				(735)
Total restructuring and repositioning charges		$	5,733			$	522

FHN began initiatives related to restructuring in second quarter 2007. Consequently, the following table presents cumulative amounts incurred to date through March 31, 2014, for costs associated with FHN’s restructuring, repositioning, and efficiency initiatives:

(Dollars in thousands)		Total Expense
Severance and other employee related costs			$	105,298
Facility consolidation costs				45,424
Other exit costs, professional fees, and other				19,165
Other restructuring and repositioning expense:
	Loan portfolio divestiture			7,672
	Mortgage banking expense on servicing sales			26,002
	(Gains)/losses on divestitures			(718)
	Impairment of premises and equipment			23,004
	Impairment of intangible assets			48,231
	Impairment of other assets			40,504
	Other			7,478
Total restructuring and repositioning charges incurred to date as of March 31, 2014			$	322,060