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Restructuring
6 Months Ended
Jun. 30, 2019
Restructuring And Related Activities [Abstract]  
Restructuring

19.  Restructuring

During the three months ended June 30, 2019 and 2018, the Company incurred $2.7 million and $3.8 million of restructuring expense, respectively. During the six months ended June 30, 2019 and 2018, the Company incurred $7.2 million and $10.0 million of restructuring expense, respectively. The costs for the three months ended June 30, 2019 related primarily to costs associated with headcount reductions in India and Europe. Costs for the six months ended June 30, 2019 related primarily to headcount reductions in India, Europe and North America. Costs for the three and six months ended June 30, 2018 related primarily to severance costs for the departure of an executive officer, costs associated with training of skilled labor as a result of the transfer of crawler crane production to Shady Grove, PA and costs associated with headcount reductions in Europe.

The following is a rollforward of the Company's restructuring accrual for the three and six months ended June 30, 2019 and 2018:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Balance at beginning of period

 

$

4.6

 

 

$

5.4

 

 

 

3.1

 

 

$

5.6

 

Restructuring expenses

 

 

2.7

 

 

 

3.8

 

 

 

7.2

 

 

 

10.0

 

Use of reserve

 

 

(4.2

)

 

 

(4.7

)

 

 

(7.2

)

 

 

(10.7

)

Reserve reclassification

 

 

 

 

 

 

 

 

 

 

 

(0.3

)

Currency translation

 

 

 

 

 

(0.1

)

 

 

 

 

 

(0.2

)

Balance at end of period

 

$

3.1

 

 

$

4.4

 

 

$

3.1

 

 

$

4.4