13. Other Charges, net

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Professional fees incurred in connection with internal investigation	$	0.6	$	2.4	$	2.8	$	4.6
Factory relocation costs	—		0.2		—		0.5
Acquisition-related charges	0.3		0.1		0.9		0.5
Information technology transformation costs	0.7		—		1.3		—
Restructuring charges	4.0		1.8		4.2		5.0
Other charges, net	$	5.6	$	4.5	$	9.2	$	10.6

Beginning in the fourth quarter of 2012 and continuing in 2013 and 2014, the Company commenced productivity improvement initiatives at both BSI and BEST 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 during the three and six months ended June 30, 2014 of $10.7 million and $13.1 million, respectively, related to these initiatives, all within BSI. For the three months ended June 30, 2014, the charges consisted of $5.8 million of severance costs, $2.9 million of exit related costs, such as professional service and facility exit charges, and $2.0 million of inventory provisions for excess inventory. For the six months ended June 30, 2014, the charges consisted of $7.2 million of severance costs and $3.9 million of exit related costs and $2.0 million of inventory provisions for excess inventory. During the three and six months ended June 30, 2014, the Company has recorded restructuring charges of $6.7 million and $8.9 million, respectively, as a component of Cost of Revenue and $4.0 million and $4.2 million, respectively, as a component of Other Charges, net in the condensed consolidated statement of income and comprehensive income. Please see Note 17 — Subsequent Events, for discussion of actions announced subsequent to June 30, 2014 related to the Company’s CAM division within the Bruker CALID Group.

The following table sets forth the changes in the restructuring reserves for the six months ended June 30, 2014 (in millions):

	Total			Severance			Exit Costs			Provisions for Excess Inventory
Balance at December 31, 2013	$	11.5		$	8.4		$	1.1		$	2.0
Restructuring charges	13.1			7.2			3.9			2.0
Cash payments	(10.5		)	(7.3		)	(3.1		)	(0.1		)
Non-cash adjustments	(2.0		)	(1.4		)	(0.4		)	(0.2		)
Balance at June 30, 2014	$	12.1		$	6.9		$	1.5		$	3.7