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RESTRUCTURING INITIATIVES
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2018, we recognized $18.2 million and $24.2 million of restructuring costs related to this plan, respectively.  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 June 30, 2018 we have recorded the following activity associated with the business transformation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Beginning

    

Net Charges for

    

 

 

    

 

 

    

Ending

 

 

 

Reserve at

 

the Six Months

 

 

 

 

 

 

 

Reserve at

 

 

 

12/31/2017

 

Ended 6/30/2018

 

Cash Paid

 

FX Impact

 

6/30/2018

 

Employee severance

 

$

2,258

 

$

998

 

$

(1,367)

 

$

(62)

 

$

1,827

 

Other costs

 

 

 —

 

 

23,152

 

 

(8,731)

 

 

(92)

 

 

14,329

 

Totals

 

$

2,258

 

$

24,150

 

$

(10,098)

 

$

(154)

 

$

16,156