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Restructuring and Related Charges | 9 Months Ended
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Mar. 31, 2017
Restructuring Charges [Abstract] |
RESTRUCTURING AND RELATED CHARGES | 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 $165 million to $195 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 $124.5 million have been recorded for these programs through March 31, 2017: $65.4 million in Industrial, $40.7 million in Infrastructure, $11.1 million in Widia and $7.3 million in Corporate. We have recorded restructuring and related charges of $9.6 million and $14.0 million for the three months ended March 31, 2017 and 2016, respectively. Of these amounts, restructuring charges totaled $7.1 million and $7.5 million for the three months ended March 31, 2017 and 2016, respectively. Restructuring charges of $0.4 million were related to inventory and were recorded in cost of goods sold for the three months ended March 31, 2016. Restructuring-related charges of $1.7 million and $1.1 million were recorded in cost of goods sold and $0.8 million and $5.4 million in operating expense for the three months ended March 31, 2017 and 2016, respectively. We have recorded restructuring and related charges of $53.1 million and $38.0 million for the nine months ended March 31, 2017 and 2016, respectively. Of these amounts, restructuring charges totaled $44.5 million and $20.1 million, of which expense of $0.3 million and $0.1 million were related to inventory and were recorded in cost of goods sold for the nine months ended March 31, 2017 and 2016, respectively. Restructuring-related charges of $5.8 million and $4.7 million were recorded in cost of goods sold and $2.8 million and $13.2 million in operating expense for the nine months ended March 31, 2017 and 2016, respectively. As of March 31, 2017, $13.3 million and $2.5 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 |  | March 31, 2017
Industrial |  |  |  |  |  |  |  |  |  |  |
Severance | $ | 8,180 |  |  | $ | 25,359 |  |  | $ | — |  |  | $ | (313 | ) |  | $ | (24,395 | ) |  | $ | 8,831 |
Facilities | — |  |  | 111 |  |  | (111 | ) |  | — |  |  | — |  |  | — |
Other | 809 |  |  | (30 | ) |  | — |  |  | (10 | ) |  | (546 | ) |  | 223 |
Total Industrial | $ | 8,989 |  |  | $ | 25,440 |  |  | $ | (111 | ) |  | $ | (323 | ) |  | $ | (24,941 | ) |  | $ | 9,054 |
Widia |  |  |  |  |  |  |  |  |  |  |
Severance | $ | 909 |  |  | $ | 4,820 |  |  | $ | — |  |  | $ | (60 | ) |  | $ | (4,637 | ) |  | $ | 1,032 |
Facilities | — |  |  | 10 |  |  | (10 | ) |  | — |  |  | — |  |  | — |
Other | 90 |  |  | (6 | ) |  | — |  |  | (1 | ) |  | (83 | ) |  | — |
Total Widia | $ | 999 |  |  | $ | 4,824 |  |  | $ | (10 | ) |  | $ | (61 | ) |  | $ | (4,720 | ) |  | $ | 1,032 |
Infrastructure |  |  |  |  |  |  |  |  |  |  |
Severance | $ | 5,301 |  |  | $ | 12,838 |  |  | $ | — |  |  | $ | (159 | ) |  | $ | (12,351 | ) |  | $ | 5,629 |
Facilities | 33 |  |  | 1,399 |  |  | (1,399 | ) |  | — |  |  | — |  |  | 33 |
Other | 381 |  |  | (15 | ) |  | — |  |  | (5 | ) |  | (279 | ) |  | 82 |
Total Infrastructure | $ | 5,715 |  |  | $ | 14,222 |  |  | $ | (1,399 | ) |  | $ | (164 | ) |  | $ | (12,630 | ) |  | $ | 5,744 |
Total | $ | 15,703 |  |  | $ | 44,486 |  |  | $ | (1,520 | ) |  | $ | (548 | ) |  | $ | (42,291 | ) |  | $ | 15,830 |

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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