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Restructuring Activities
 6 Months Ended
Sep. 30, 2015
Restructuring Activities [Abstract]  
Restructuring Activities
Note 6: Restructuring Activities

During fiscal 2016, the Company announced a plan to close its Washington, Iowa manufacturing facility, and began transferring the facility’s production to other existing Americas segment manufacturing facilities.  Also during fiscal 2016, the Company completed the transfer of production from its McHenry, Illinois manufacturing facility to other existing Americas segment manufacturing facilities.  These restructuring activities reflect the Company’s focus on operating scale manufacturing facilities to improve overall competitiveness and profitability.

During fiscal 2015, the Company initiated a headcount reduction plan for its Brazil manufacturing facility within its Americas segment. The headcount reductions were in response to the economic slowdown in Brazil and reflect the Company’s objective to maintain profitability in this business despite lower sales volume.

During fiscal 2013, the Company initiated restructuring activities within its Europe segment.  The restructuring activities have included exiting certain non-core product lines based upon Modine’s global product strategy, reducing manufacturing costs, consolidating production facilities, implementing headcount reductions, and disposing of and selling certain underperforming or non-strategic assets. The Company designed these activities to align the cost structure of the segment with its strategic focus on the commercial vehicle, off-highway, automotive component, and engine product markets, while improving gross margin and return on average capital employed.

Restructuring and repositioning expenses were as follows:

  
Three months ended
September 30,
  
Six months ended
September 30,
 
  
2015
  
2014
  
2015
  
2014
 
Employee severance and related benefits
 
$
(0.2
)
 
$
0.1
  
$
1.7
  
$
0.4
 
Other restructuring and repositioning expenses
  
1.2
   
0.9
   
1.9
   
1.4
 
Total
 
$
1.0
  
$
1.0
  
$
3.6
  
$
1.8
 
 
Other restructuring and repositioning expenses primarily consist of equipment transfer and plant consolidation costs.
 
The Company accrues severance in accordance with its written plans, procedures, and relevant statutory requirements. Changes in accrued severance were as follows:

  
Three months ended September 30,
 
  
2015
  
2014
 
Beginning balance
 
$
9.8
  
$
17.7
 
Additions and adjustments
  
(0.2
)
  
0.1
 
Payments
  
(1.8
)
  
(0.6
)
Effect of exchange rate changes
  
-
   
(1.2
)
Ending balance
 
$
7.8
  
$
16.0
 

  
Six months ended September 30,
 
  
2015
  
2014
 
Beginning balance
 
$
9.9
  
$
19.4
 
Additions and adjustments
  
1.7
   
0.4
 
Payments
  
(4.2
)
  
(2.5
)
Effect of exchange rate changes
  
0.4
   
(1.3
)
Ending balance
 
$
7.8
  
$
16.0
 

During the first quarter of fiscal 2016, the Company reclassified property, plant, and equipment related to a manufacturing facility in the Europe segment to assets held for sale.  At September 30, 2015 and March 31, 2015, assets held for sale of $8.5 million and $3.2 million, respectively, were included in other noncurrent assets and consisted of facilities that the Company is actively marketing for sale.