RESTRUCTURING AND OTHER RELATED CHARGES (CREDITS)

Our restructuring and other related charges (credits), net for the three and nine months ended September 30, 2018 and 2017 are summarized by program and by segment as follows (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(unaudited)		(unaudited)		(unaudited)		(unaudited)

OneTEAM Program
Severance and related costs
IHT	$	468	$	—	$	1,436	$	—
MS	408		—		739		—
Quest Integrity	7		—		40		—
Corporate and shared support services	1,164		—		2,243		—
Subtotal	2,047		—		4,458		—

2017 Cost Savings Initiative
Severance and related costs
IHT	—		862		—		862
MS	—		1,219		—		1,219
Quest Integrity	—		424		—		424
Corporate and shared support services	—		127		—		364
Subtotal	—		2,632		—		2,869

Furmanite Belgium and Netherlands Exit
Severance and related costs (credits)
MS	—		5		—		(152		)
Disposal gain
MS	—		—		—		(1,056		)
Subtotal	—		5		—		(1,208		)
Grand Total	$	2,047	$	2,637	$	4,458	$	1,661

OneTEAM Program

In the fourth quarter of 2017, we engaged outside consultants to assess all aspects of our business for improvement and cost saving opportunities. In the first quarter of 2018, we completed the design phase of the project, known as OneTEAM, and entered in the deployment phase starting in the second quarter of 2018. As part of the OneTEAM Program, we have decided to eliminate certain employee positions. For the nine months ended September 30, 2018, we have incurred severance charges of $4.5 million, which is also the amount we have incurred cumulatively to date. As the OneTEAM Program continues, we expect some additional employee positions may be identified and impacted, resulting in additional severance costs. We expect that the OneTEAM Program will be largely completed in the first half of 2019.

A rollforward of our accrued severance liability associated with this program is presented below (in thousands):



	Nine Months Ended September 30,
	(unaudited)
Balance, beginning of period	$	—
Charges	4,458
Payments	(2,124		)
Balance, end of period	$	2,334

2017 Cost Savings Initiative

In July 2017, we announced our commitment to a cost savings initiative to take direct actions to reduce our overall cost structure given the recent weak and uncertain macro environment in the industries in which we operate. This initiative was completed in the latter part of 2017. No costs or expenses were recognized in the condensed consolidated statements of operations for this initiative during the three and nine months ended September 30, 2018. With respect to this initiative, the resulting severance and related charges, which were generally recorded in the third and fourth quarters of 2017, were approximately $3.9 million, most of which were paid in cash in 2017.

Furmanite Belgium and Netherlands Exit

Due to continued economic softness and unfavorable costs structures, we committed to a plan to exit the acquired Furmanite operations in Belgium and the Netherlands in the fourth quarter of 2016 and communicated the plan to the affected employees. The closures are now complete. During the nine months ended September 30, 2017, we recorded a reduction to severance costs of $0.2 million and a disposal gain of $1.1 million. The disposal gain resulted from an asset sale of the Furmanite operations in Belgium, which was completed during the first quarter of 2017, whereby we conveyed the business operations and certain assets to the purchaser in exchange for the assumption by the purchaser of certain liabilities, primarily severance-related liabilities associated with the employees who transferred to the purchaser in connection with the transaction. With respect to these exit activities, to date we have incurred cumulatively $4.7 million of severance-related costs and an impairment loss on property, plant and equipment of $0.7 million, partially offset by a disposal gain of $1.1 million.