Restructuring

The Company is continuing its restructuring activities to right-size the business by balancing capacity with demand. During the three months ended March 31, 2017 and 2016, the Company incurred $11.7 million and $4.4 million of restructuring expense, respectively. The costs for the three months ended March 31, 2017 related primarily to the closure of manufacturing operations in Manitowoc, WI and Passo Fundo, Brazil. Costs for the three months ended March 31, 2016 related to workforce reductions in two of the Company's facilities in North America.

With regard to the closure of the facility in Manitowoc, the Company expects to incur total cash charges for severance costs and other employment-related benefits in the range of $7 to $10 million, capital expenditures in the range of $10 to $12 million and other costs in the range of $15 to $20 million. Through the first quarter of 2017, the Company has incurred $2.1 million related to severance costs and other employment-related benefits, $4.4 million for capital expenditures and $9.5 million in other costs related to these initiatives. Non-cash charges, primarily related to fixed assets and inventory related charges, are expected to be in the range of $15 to $20 million, of which $17 million has been recorded to date. The Company anticipates all cash and non-cash charges to be recognized by the end of 2017.

The following is a roll-forward of the Company's restructuring activities for the three months ended March 31, 2017 (in millions):



	Restructuring Reserve Balance as of December 31, 2016		Restructuring Expenses		Cash Use of Reserve		Non-Cash Use of Reserve		Restructuring Reserve Balance as of March 31, 2017
Total	$	8.2	$	11.7	$	10.3	$	4.7	$	4.9