Restructuring

On an ongoing basis, the Company evaluates its business and objectives to ensure that it is properly configured and sized based on changing market conditions. Accordingly, the Company has implemented several restructuring initiatives, including closure or consolidation of facilities throughout the world and the reorganization of its operating structure.

In January 2015, the Company announced its intention to further restructure its European manufacturing footprint based on anticipated market demands. The total estimated cost of this initiative, which is expected to be substantially completed by the end of 2017, is approximately $120,000 to $125,000, of which approximately $102,000 has been incurred to date. We expect to incur total employee separation costs of approximately $64,000 to $67,000, other related exit costs of approximately $56,000 to $58,000 and non-cash asset impairments related to restructuring activities of approximately $500.

The Company’s restructuring charges consist of severance, retention and outplacement services, and severance-related postemployment benefits (collectively, “employee separation costs”), other related exit costs and asset impairments related to restructuring activities.

The following table summarizes the restructuring expense by segment for the three and six months ended June 30, 2017 and 2016:



	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
North America	$	817	$	395	$	817	$	1,355
Europe	6,816		11,658		16,105		20,493
Asia Pacific	690		153		1,389		1,190
Total	$	8,323	$	12,206	$	18,311	$	23,038

The following table summarizes the activity for restructuring initiatives for the six months ended June 30, 2017:



	Employee Separation Costs			Other Exit Costs			Total
Balance as of December 31, 2016	$	21,927		$	2,311		$	24,238
Expense	10,861			7,450			18,311
Cash payments	(19,258		)	(6,927		)	(26,185		)
Foreign exchange translation and other	1,529			68			1,597
Balance as of June 30, 2017	$	15,059		$	2,902		$	17,961