)

Restructuring

The Company has undertaken cost reduction and facility consolidation initiatives that have resulted in severance, restructuring, and related charges. A summary of charges by initiative is as follows (in thousands):

	Three Months Ended						Nine Months Ended
	March 31, 2018						March 31, 2018
Fiscal 201 8	Involuntary Employee Severance and Benefit Costs		Other		Total		Involuntary Employee Severance and Benefit Costs		Other		Total
Restructuring initiatives	$	344	$	953	$	1,297	$	2,254	$	2,953	$	5,207
Prior year initiatives		7		33		40		161		939		1,100
	$	351	$	986	$	1,337	$	2,415	$	3,892	$	6,307

	Three Months Ended								Nine Months Ended
	March 31 , 201 7								March 31 , 201 7
Fiscal 2017	Involuntary Employee Severance and Benefit Costs		Other			Total			Involuntary Employee Severance and Benefit Costs		Other		Total
Restructuring initiatives	$	222	$	823		$	1,045		$	1,368	$	1,651	$	3,019
Prior year initiatives		-		(26	)		(26	)		-		58		58
	$	222	$	797		$	1,019		$	1,368	$	1,709	$	3,077

201

Restructuring Initiatives

The Company continues to focus on our efforts to reduce cost and improve productivity across our businesses, particularly through headcount reductions, facility closures, and consolidations. During the

nine

months ended

March 31, 2018,

we incurred restructuring expenses from

2018

initiatives related to

three

restructuring programs that are intended to improve profitability, streamline production and enhance capacity to support future growth: (

) the realignment of management functions at the Food Service Equipment Group level; (

) headcount reduction and plant realignment with regard to the standard products businesses within Food Service Equipment; and (

) the exit of an unprofitable Engraving business in Brazil.

	Involuntary Employee Severance and Benefit Costs			Other			Total
Restructuring liabilities at June 30, 2017	$	-		$	-		$	-
Additions and adjustments		2,435			2,945			5,380
Payments		(2,204	)		(2,913	)		(5,117	)
Restructuring liabilities at March 31, 2018	$	231		$	32		$	263

Prior Year Initiatives

The prior year initiatives yet to be completed are primarily the finalization of the manufacturing footprint consolidation within our Enginetics business in the Engineering Technology segment.

Activity in the reserve related to the prior year restructuring initiatives is as follows (in thousands):

	Involuntary Employee Severance and Benefit Costs			Other			Total
Restructuring liabilities at June 30, 2017	$	839		$	906		$	1,745
Additions and adjustments		163			937			1,100
Payments		(710	)		(1,843	)		(2,553	)
Restructuring liabilities at March 31, 2018	$	292		$	-		$	292

The Company’s total restructuring expenses by segment are as follows (in thousands):

	Three Months Ended						Nine Months Ended
	March 31, 2018						March 31, 2018
	Involuntary Employee Severance and Benefit Costs		Other		Total		Involuntary Employee Severance and Benefit Costs		Other		Total
Food Service Equipment	$	80	$	945	$	1,025	$	829	$	2,505	$	3,334
Engraving		186		2		188		925		345		1,270
Engineering Technologies		8		18		26		161		900		1,061
Electronics		77		7		84		209		90		299
Corporate		-		14		14		291		52		343
	$	351	$	986	$	1,337	$	2,415	$	3,892	$	6,307


	Three Months Ended								Nine Months Ended
	March 31 , 201 7								March 31 , 201 7
	Involuntary Employee Severance and Benefit Costs		Other			Total			Involuntary Employee Severance and Benefit Costs		Other		Total
Food Service Equipment	$	-	$	7		$	7		$	1,129	$	85	$	1,214
Engraving		-		-			-			6		-		6
Engineering Technologies		222		730			952			222		1,164		1,385
Electronics		-		86			86			11		455		467
Corporate		-		(26	)		(26	)		-		5		5
	$	222	$	797		$	1,019		$	1,368	$	1,709	$	3,077

During the

third

quarter of fiscal year

2018,

we incurred restructuring expenses of

$1.3

million primarily related to

two

restructuring programs that are intended to improve profitability, streamline production and enhance capacity to support future growth including headcount reduction and plant realignment with regard to the standard products businesses within Food Service Equipment and the exit of an unprofitable Engraving business in Brazil.

Restructuring expenses for the

nine

months ended

March 31, 2018

were

$6.3

million as a result of the forgoing initiatives and footprint optimization of the Engineering Technologies segment.

We expect to incur additional restructuring costs between

$1.5

million and

$2.0

million during the remainder of fiscal year

2018.