RESTRUCTURING

During the fourth quarter of 2017, the Company approved a plan to close the Wadcorpp India Private Limited (“Wadcorpp”) joint venture. The Company purchased a controlling interest in the Wadcorpp entity during the third quarter 2014, and included the entity as a fully consolidated subsidiary in the Fueling Systems segment. As part of this action, the Company will continue to sell fueling product in the India market, while the Wadcorpp manufacturing operations will cease. The closure began in the fourth quarter 2017 and is estimated to conclude by the end of 2018. Charges for the closure are expected to range between $2 million and $4 million and will include severance expenses, asset write-offs and other closure expenses.

Costs incurred in the twelve months ended December 31, 2017, included in the “Restructuring (income)/expense” line of the Company’s consolidated statements of income, are as follows:



(In millions)	Water Systems		Fueling Systems		Distribution		Other		Consolidated
Employee severance	$	1.6	$	—	—		$	—	$	1.6
Equipment relocation	0.1		—		—		—		0.1
Asset write-off, net of gain on disposal	—		1.6		—		—		1.6
Other	1.0		—		—		—		1.0
Total	$	2.7	$	1.6	$	—	$	—	$	4.3

Restructuring (income)/expense of $(0.6) million and $3.0 million were incurred in 2016 and 2015, respectively, primarily for the Water Systems realignment.

As of December 31, 2017 and December 31, 2016, there were no material restructuring reserves.