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RESTRUCTURING INITIATIVES
 3 Months Ended
Mar. 31, 2018
RESTRUCTURING INITIATIVES.  
RESTRUCTURING INITIATIVES

NOTE 18 – RESTRUCTURING INITIATIVES

In late 2017, Aptar began a business transformation to drive profitable sales growth, increase operational excellence, enhance our approach to innovation and improve organizational effectiveness.  The primary focus of the plan is the Beauty + Home segment; however, certain global general and administrative functions will also be addressed.  For the three months ended March 31, 2018, we recognized $5.9 million of restructuring costs related to this plan.  We estimate total implementation costs of approximately $90 million over the next three years. We also anticipate making capital investments related to the business transformation of approximately $45 million of which the majority will be in 2018.

As of March 31, 2018 we have recorded the following activity associated with the business transformation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Beginning

    

Net Charges for

    

 

 

    

 

 

    

Ending

 

 

 

Reserve at

 

the Three Months

 

 

 

 

 

 

 

Reserve at

 

 

 

12/31/2017

 

Ended 3/31/2018

 

Cash Paid

 

FX Impact

 

3/31/2018

 

Employee severance

 

$

2,258

 

$

221

 

$

(357)

 

$

58

 

$

2,180

 

Other costs

 

 

 —

 

 

5,715

 

 

(4,214)

 

 

(1)

 

 

1,500

 

Totals

 

$

2,258

 

$

5,936

 

$

(4,571)

 

$

57

 

$

3,680