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RESTRUCTURING INITIATIVES
 12 Months Ended
Dec. 31, 2017
RESTRUCTURING INITIATIVES.  
RESTRUCTURING INITIATIVES

NOTE 20 RESTRUCTURING INITIATIVES

In late 2017, Aptar began a business transformation plan to drive profitable sales growth, increase operational excellence, enhance our approach to innovation and improve organizational effectiveness.  The primary focus of the plan will be the Beauty + Home segment; however, certain global general and administrative functions will also be addressed.  During 2017, we recognized approximately $2.2 million of restructuring costs related to this plan with approximately $0.5 million being reported within the Beauty + Home segment and $1.7 million being reported within the Food + Beverage segment.  Using current exchange rates, we estimate total implementation costs of approximately $90 million over the next three years. We also anticipate making capital investments related to the transformation plan of approximately $45 million of which the majority will be in 2018. 

As of December 31, 2017 we have recorded the following activity associated with the transformation plan:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Beginning

    

Net Charges

    

 

 

    

 

 

    

Ending

 

 

 

Reserve at

 

for the Year

 

 

 

 

 

 

 

Reserve at

 

 

 

12/31/16

 

Ended 12/31/17

 

Cash Paid

 

FX Impact

 

12/31/17

 

Employee severance

 

$

 —

 

$

2,208

 

$

 —

 

$

50

 

$

2,258

 

Totals

 

$

 —

 

$

2,208

 

$

 —

 

$

50

 

$

2,258