Restructuring Charges

9 Months Ended

Sep. 30, 2014

During the nine month period ended September 30, 2014, the Company recorded restructuring charges in continuing operations totaling $0.1 million and restructuring charges in discontinued operations totaling $0.1 million, consisting of employee severance for a total of $0.2 million.

At September 30, 2014, there was a total of $0.1 million related to restructuring charges, including employee severance and branch closure costs, 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 nine month period ended September 30, 2014:



	As of							As of
(In thousands)	December 31, 2013		Charges		Payments			September 30, 2014
Severance	$	531	$	202	$	(726	)	$	7
Branch closure obligation	415		1		(349		)	67
Total	$	946	$	203	$	(1,075	)	$	74

- 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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