14.Other Charges, Net

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Information technology transformation costs	$	0.9	$	1.7	$	2.1	$	3.9
Restructuring charges	2.4		1.8		3.9		3.6
Acquisition-related charges	2.9		7.9		3.3		7.9
Other	0.2		0.6		0.2		0.6

Other charges, net	$	6.4	$	12.0	$	9.5	$	16.0

Restructuring Initiatives

2016

The Company commenced a restructuring initiative in the third quarter of 2016 to address lower demand in the Bruker CALID and Bruker Nano Groups as a result of softness in order entry levels from European academic institutions and ongoing weakness in several of the industrial end market segments served by the Bruker Nano Group. This initiative was intended to improve the Bruker CALID Group and Bruker Nano Group operating results in response to these market conditions. Restructuring actions resulted in a reduction of approximately 125 employees within the Bruker CALID and Bruker Nano Groups.

The following is a summary of the restructuring expenses related to this initiative which are recorded in the accompanying unaudited condensed consolidated statements of income and comprehensive income for the three and six months ended June 30, 2017:

	Three months ended June 30,						Six months ended June 30,
	2017						2017
	Severance and Exit Costs		Inventory Writedown and Asset Impairment		Total		Severance and Exit Costs		Inventory Writedown and Asset Impairment		Total
Cost of revenues	$	0.7	$	—	$	0.7	$	1.9	$	0.3	$	2.2
Other charges, net	0.8				0.8		1.6		—		1.6

	$	1.5	$	—	$	1.5	$	3.5	$	0.3	$	3.8

As this program commenced in the third quarter of 2016, there were no expenses incurred during the three and six months ended June 30, 2016.

Total restructuring and other one-time charges incurred through June 30, 2017 related to this initiative were $14.3 million. Total restructuring and other one-time charges related to this initiative in 2016 and 2017 are expected to be between $16.0 and $18.0 million, of which $15.0 to $16.5 million relate to employee separation and facility exit costs and $1.0 to $1.5 million relate to estimated inventory write-downs and asset impairments.

2015

The Company commenced a restructuring initiative in 2015 within the Bruker BioSpin Group, which was developed as a result of a revenue decline that occurred during the second half of 2014 and continued during the first half of 2015. This initiative was intended to improve Bruker BioSpin Group’s operating results. Restructuring actions resulted in a reduction of employee headcount within the Bruker BioSpin Group of approximately 9%. The remaining significant expenses related to this initiative were incurred in the six months ended June 30, 2017 in connection with the sale of a manufacturing facility.

	Six months ended June 30,
	2017								2016
				Inventory							Inventory
				Writedown							Writedown
	Severance and			and Asset					Severance and		and Asset
	Exit Costs			Impairment		Total			Exit Costs		Impairment		Total
Cost of revenues	$	(2.7	)	$	—	$	(2.7	)	$	2.2	$	—	$	2.2
Other charges, net	—			—		—			1.1		—		1.1

	$	(2.7	)	$	—	$	(2.7	)	$	3.3	$	—	$	3.3

As of June 30, 2017, expenses incurred under this restructuring initiative were substantially complete. There were no restructuring expenses incurred for this program in the three months ended June 30, 2017. Restructuring expenses for the three months ended June 30, 2016 related to this initiative were $1.0 million of severance and exit costs, of which $0.9 million was recorded as a component of Cost of Revenue and $0.1 million as a component of Other Charges, net in the accompanying unaudited condensed consolidated statements of income and comprehensive income (loss).

Restructuring charges for the three and six month periods ended June 30, 2017 and 2016 included charges for various other programs which were recorded in the accompanying unaudited condensed consolidated statements of income and comprehensive income.

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Cost of revenues	$	0.7	$	0.9	$	0.5	$	1.7
Other charges, net	1.6		1.8		2.3		2.5

	$	2.3	$	2.7	$	2.8	$	4.2

The following table sets forth the changes in restructuring reserves for the six months ended June 30, 2017 (in millions):

	Total			Severance			Exit Costs			Provisions for Excess Inventory
Balance at December 31, 2016	$	16.2		$	4.9		$	3.7		$	7.6
Restructuring charges	3.9			2.8			1.0			0.1
Cash payments	(7.3		)	(5.5		)	(1.6		)	(0.2		)
Other, non-cash adjustments and foreign currency effect	(1.7		)	—			(0.4		)	(1.3		)

Balance at June 30, 2017	$	11.1		$	2.2		$	2.7		$	6.2