Resturcturing Charges, Impaiments And Exit Activities

12 Months Ended

Dec. 31, 2013

Resturcturing Charges, Impaiments And Exit Activities [Abstract]

Resturcturing Charges, Impaiments And Exit Activities

16. Restructuring Charges, Impairments and Exit Activities

The following provides the change in restructuring and exit activities liabilities at December 31, 2011 and 2012 (in thousands):



		Termination
		Benefits	Contract	Total
		Liability	Liability	Liability
Balance at January 1, 2011	$	2,438	5,876	8,314
Expenses incurred		(192)	(1,211)	(1,403)
Amounts paid or amortized		(2,246)	(2,876)	(5,122)
Balance at December 31, 2011	$	-	1,789	1,789

Balance at January 1, 2012	$	-	1,789	1,789
Expenses recovered		-	-	-
Liability assumed by BB&T		-	(1,774)	(1,774)
Amounts paid or amortized		-	(15)	(15)
Balance at December 31, 2012	$	-	-	-

In December 2007, BankAtlantic decided to sell certain properties that it had previously acquired for future store expansion and to terminate or sublease certain back-office operating leases. During the year ended December 31, 2011, BankAtlantic incurred impairment charges and lease termination costs associated with these properties and leases as shown on the above table which are included in discontinued operations in the Company’s Statement of Operations.

There were no employee termination costs associated with the BB&T Transaction as no employees were terminated by the Company in connection with the consummation of the BB&T Transaction.

- 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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