13. Other Charges, net

The components of other charges, net were as follows (in millions):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2013		2012			2013		2012
Professional fees incurred in connection with internal investigation	$	0.7	$	3.5		$	5.3	$	8.2
Factory relocation costs	0.1		0.3			0.6		1.4
Acquisition-related charges (income)	1.1		(1.3		)	1.6		(0.1		)
Restructuring charges	8.6		—			13.6		—
Other charges, net	$	10.5	$	2.5		$	21.1	$	9.5

Beginning in Q4 2012 and continuing in 2013, the Company commenced productivity improvement initiatives in both its BSI and BEST reporting segments in an effort to better optimize its operations. These restructuring initiatives include the divestiture of certain non-core businesses, outsourcing of various manufacturing activities, transferring or ceasing operations at certain facilities and an overall right-sizing within the Company based on the current business environments.

The Company recorded restructuring charges within the three and nine month periods ended September 30, 2013 of $8.6 million and $13.6 million, respectively, related to these initiatives. For the three months ended September 30, 2013, the charges consisted of $7.5 million of severance costs and $1.1 million of exit related costs, such as professional service and facility exit charges. For the nine months ended September 30, 2013, restructuring charges consisted of $10.8 million for severance costs and $2.8 million for exit related costs. Within the BSI reporting segment, the Company recorded restructuring charges within the three and nine month periods ended September 30, 2013 of $6.9 million and $11.9 million, respectively, while the BEST reporting segment recorded $1.7 million of restructuring charges during the three and nine month periods ended September 30, 2013. The Company has recorded these charges as a component of Other Charges, net in the condensed consolidation statement of income and comprehensive income. Based on the current restructuring initiatives, the Company expects to record additional charges of approximately $15-20 million during the remainder of 2013 and 2014, consisting of approximately $10-13 million of severance and approximately $5-7 million of exit related costs.

The following table sets forth the changes in the restructuring reserves for the nine months ended September 30, 2013 (in millions):

	Total			Severance			Exit Costs
Balance at December 31, 2012	$	1.2		$	0.9		$	0.3
Restructuring charges	13.6			10.8			2.8
Cash payments	(8.2		)	(6.0		)	(2.2		)
Foreign currency effect	0.1			0.1			—
Balance at September 30, 2013	$	6.7		$	5.8		$	0.9