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