RESTRUCTURING AND RELATED CHARGES

We are implementing restructuring actions to streamline the Company's cost structure. These initiatives are expected to improve the alignment of our cost structure with the current operating environment through headcount reductions; as well as rationalization and consolidation of certain manufacturing facilities. These restructuring actions are expected to be completed by December of fiscal 2019 and are anticipated to be mostly cash expenditures.

The total pre-tax charges for these programs are expected to be in the range of $155 million to $175 million, which is expected to be approximately 60 percent Industrial, 5 percent Widia, 30 percent Infrastructure and 5 percent Corporate. Total restructuring and related charges since inception of $114.9 million have been recorded for these programs through December 31, 2016: $60.3 million in Industrial, $36.7 million in Infrastructure, $10.6 million in Widia and $7.3 million in Corporate.

We have recorded restructuring and related charges of $11.8 million and $8.9 million for the three months ended December 31, 2016 and 2015, respectively. Of these amounts, restructuring charges totaled $8.8 million and $3.5 million, of which expense of $0.3 million and benefits of $0.3 million were related to inventory and were recorded in cost of goods sold, respectively. Restructuring-related charges of $2.1 million and $2.0 million were recorded in cost of goods sold and $0.9 million and $3.4 million in operating expense for the three months ended December 31, 2016 and 2015, respectively.

We have recorded restructuring and related charges of $43.4 million and $24.0 million for the six months ended December 31, 2016 and 2015, respectively. Of these amounts, restructuring charges totaled $37.3 million and $12.6 million, of which expense of $0.3 million and benefits of $0.3 million were related to inventory and were recorded in cost of goods sold, respectively. Restructuring-related charges of $4.1 million and $3.6 million were recorded in cost of goods sold and $2.0 million and $7.8 million in operating expense for the six months ended December 31, 2016 and 2015, respectively.

As of December 31, 2016, $16.1 million and $3.0 million of the restructuring accrual is recorded in other current liabilities and other liabilities, respectively, in our condensed consolidated balance sheet. The restructuring accrual of $15.7 million as of June 30, 2016 is recorded in other current liabilities. The amount attributable to each segment is as follows:



(in thousands)	June 30, 2016		Expense			Asset Write-Down			Translation			Cash Expenditures			December 31, 2016
Industrial
Severance	$	8,180	$	21,270		$	—		$	(412	)	$	(18,324	)	$	10,714
Facilities	—		100			(100		)	—			—			—
Other	809		(72		)	—			(10		)	(477		)	250
Total Industrial	$	8,989	$	21,298		$	(100	)	$	(422	)	$	(18,801	)	$	10,964

Widia
Severance	$	909	$	4,504		$	—		$	(87	)	$	(3,880	)	$	1,446
Facilities	—		9			(9		)	—			—			—
Other	90		(15		)	—			(3		)	(72		)	—
Total Widia	999		4,498			(9		)	(90		)	(3,952		)	1,446

Infrastructure
Severance	$	5,301	$	10,620		$	—		$	(205	)	$	(9,148	)	$	6,568
Facilities	33		967			(967		)	—			—			33
Other	381		(36		)	—			(7		)	(245		)	93
Total Infrastructure	$	5,715	$	11,551		$	(967	)	$	(212	)	$	(9,393	)	$	6,694
Total	$	15,703	$	37,347		$	(1,076	)	$	(724	)	$	(32,146	)	$	19,104