Restructuring

In the second quarter of 2016, the Company took restructuring actions in the Americas and Italy to manage operating expenses and to prepare the businesses for future growth. The restructuring measures taken in the Americas were the result of recent revenue trends. The restructuring in Italy was designed to reposition the Company’s operating model to pursue growth in staffing fee-based income and specialized temporary staffing business.

Restructuring costs incurred in 2016 totaled $3.4 million, as detailed below, and were recorded entirely in SG&A expenses in the consolidated statement of earnings. No restructuring costs were incurred in 2015.



	Severance Costs		Lease Termination Costs		Total
	(In millions of dollars)
Americas Commercial	$	1.5	$	0.4	$	1.9
Americas PT	0.3		—		0.3
EMEA Commercial	1.0		0.1		1.1
EMEA PT	0.1		—		0.1

Total	$	2.9	$	0.5	$	3.4

A summary of our global restructuring balance sheet accrual, primarily included in accrued payroll and related taxes, is detailed below (in millions of dollars). The balance as of year-end 2014 and cash payments in 2015 relate to actions taken with respect to the management simplification restructuring plan approved by the Board of Directors of the Company in 2014.



Balance as of year-end 2014	$	6.9
Reductions for cash payments related to all restructuring activities	(6.4		)
Balance as of year-end 2015	0.5
Additions charged to Americas	2.2
Additions charged to EMEA	1.2
Reductions for cash payments related to all restructuring activities	(3.4		)
Balance as of year-end 2016	$	0.5

The remaining balance of $0.5 million as of year-end 2016 primarily represents severance costs and the majority is expected to be paid during the first quarter of 2017. No material adjustments are expected to be recorded.