Commercial Foodservice Equipment Group:

During the fiscal years 2018 and 2017, the company undertook cost reduction initiatives related to the entire Commercial Foodservice Equipment Group. These actions, which are not material to the company's operations, resulted in a charge of $3.5 million and $6.2 million in the twelve months ended December 29, 2018 and December 30, 2017, respectively, primarily for severance related to headcount reductions and consolidation of manufacturing operations. These expenses are reflected in restructuring expenses in the Consolidated Statements of Earnings. The company estimates that these restructuring initiatives will result in future cost savings of approximately $10.0 million annually. The realization of the savings began in 2017 and continued into fiscal year 2018 and the restructuring costs in the future are not expected to be significant related to these actions.

Food Processing Equipment Group:

During the fiscal years 2018 and 2017, the company undertook cost reduction initiatives related to the entire Food Processing Equipment Group. These actions, which are not material to the company's operations, resulted in a charge of $0.7 million and $0.6 million in the twelve months ended December 29, 2018, and December 30, 2017, respectively, primarily for severance related to headcount reductions and is reflected in restructuring expenses in the Consolidated Statements of Earnings. The company estimates that these restructuring initiatives will result in future cost savings of approximately $4.0 million annually. The realization of the savings began in 2017 and continued into fiscal year 2018 and the restructuring costs in the future are not expected to be significant related to these actions.

Residential Kitchen Equipment Group:

During the fiscal years 2018, 2017, 2016, and 2015, the company undertook acquisition integration initiatives primarily related to the AGA Group within the Residential Kitchen Equipment Group. These initiatives included organizational restructuring, headcount reductions, consolidation and disposition of certain facilities and business operations, including the impairment of equipment and facilities.

During fiscal year 2018, the company continued initiatives, primarily related the AGA Group, including additional headcount reductions and the impairment of equipment in conjunction of the disposition of certain facilities and business operations. The company recorded expense in the amount of $15.1 million, $13.1 million and $11.0 million, respectively in the years ended December 29, 2018, December 30, 2017 and December 31, 2016, respectively.

During 2018, the company undertook additional restructuring efforts for Grange, a non-core business within the Residential Kitchen Group and elected to cease operations. This process was largely completed in the fourth quarter of 2018, and the company does not expect to incur significant additional charges related to this restructuring. In connection with this exit activity, the company has recorded charges of $9.1 million. Of this amount, $2.5 million primarily relates to charges for fixed assets and $3.2 million for working capital accounts, and $3.4 million for severance obligations and other closure costs.

These expenses are reflected in restructuring expenses in the Consolidated Statements of Earnings. The cumulative expenses incurred to date for these initiatives is approximately $55.7 million. The company estimated that these restructuring initiatives in 2017 would result in future cost savings of approximately $20.0 million annually. The realization of the savings began in 2017 and continued into fiscal year 2018, primarily related to compensation and facility costs. The company anticipates that all severance obligations for the Residential Kitchen Equipment Group will be paid by the end of fiscal of 2019.

The costs and corresponding reserve balances for the Residential Kitchen Equipment Group are summarized as follows (in thousands):



	Severance/Benefits			Facilities/Operations			Other			Total
Balance as of January 2, 2016	$	15,661		$	4,642		$	120		$	20,423
Expenses	9,816			1,160			10			10,986
Exchange Effect	(749		)	(73		)	(32		)	(854		)
Payments	(19,583		)	(3,697		)	(29		)	(23,309		)
Balance as of December 31, 2016	$	5,145		$	2,032		$	69		$	7,246
Expenses	8,662			3,872			601			13,135
Exchange Effect	533			358			11			902
Payments	(10,642		)	(4,795		)	(524		)	(15,961		)
Balance as of December 30, 2017	$	3,698		$	1,467		$	157		$	5,322
Expenses	6,367			3,771			5,001			15,139
Exchange Effect	(49		)	(11		)	23			(37		)
Payments/Utilization	(9,150		)	(5,171		)	(4,394		)	(18,715		)
Balance as of December 29, 2018	$	866		$	56		$	787		$	1,709