(3) RESTRUCTURING ACTIVITIES

In April 2015, the Company's Board of Directors authorized a broad restructuring plan (the "Plan") of up to $60 million to respond to the market environment in certain businesses. We anticipate the Company will recognize the following pre-tax expenses in conjunction with the initial restructuring activities from the Plan announced in 2015:

	EIP		Utility		Coatings		Irrigation		Other/ Corporate		TOTAL
Severance	$	4,000	$	1,445	$	460	$	425	$	75	$	6,405
Other cash restructuring expenses		725		1,810		225		—		—		2,760
Asset impairments/net loss on disposals		3,850		625		4,150		250		—		8,875

Total cost of sales		8,575		3,880		4,835		675		75		18,040

Severance		3,900		450		—		575		1,025		5,950
Other cash restructuring expenses		750		270		275		100		650		2,045
Asset impairments/net loss on disposals		2,375		—		—		150		1,890		4,415

Total selling, general and administrative expenses		7,025		720		275		825		3,565		12,410

Consolidated total	$	15,600	$	4,600	$	5,110	$	1,500	$	3,640	$	30,450

Certain of these initial restructuring actions are within the APAC Coatings reporting unit which has approximately $16 million of goodwill as of June 27, 2015. The Company expects these activities to improve the profitability of this reporting unit. Should operating income not improve within this reporting unit after these restructuring activities are implemented, we may have to write off all or a portion of our goodwill for this reporting unit during our annual impairment testing during the third quarter. Inclusive of this goodwill, the Company is currently evaluating additional potential restructuring activities estimated up to $25 million of asset impairments and $5 million of cash expenses.

The following is a summary of the segments affected by these additional potential restructuring activities under current evaluation and the estimated pre-tax expense:

	EIP		Coatings		Other/ Corporate		TOTAL
Severance	$	2,000	$	—	$	250	$	2,250
Other cash restructuring expenses		700		—		250		950
Asset impairments/net loss on disposals		3,800		—		500		4,300

Total cost of sales		6,500		—		1,000		7,500

Severance		500		—		1,150		1,650
Asset impairments/net loss on disposals		600		16,000		3,500		20,100

Total selling, general and administrative expenses		1,100		16,000		4,650		21,750

Consolidated total	$	7,600	$	16,000	$	5,650	$	29,250

During the first quarter of fiscal 2015, the Company's EIP segment recognized approximately $800 of pre-tax expense for severance and other cash restructuring expenses. During the second quarter of fiscal 2015, the Company recognized the following pre-tax restructuring expenses:

	EIP		Utility		Coatings		Irrigation		Other/ Corporate		TOTAL
Severance	$	535	$	1,380	$	310	$	—	$	73	$	2,298
Other cash restructuring expenses		45		375		40		—		—		460
Asset impairments/net loss on disposals		797		295		4,150		—		—		5,242

Total cost of sales		1,377		2,050		4,500		—		73		8,000

Severance		965		405		—		219		240		1,829
Other cash restructuring expenses		125		—		269		—		—		394
Asset impairments/net loss on disposals		2,030		—		—		130		1,890		4,050

Total selling, general and administrative expenses		3,120		405		269		349		2,130		6,273

Consolidated total	$	4,497	$	2,455	$	4,769	$	349	$	2,203	$	14,273

Liabilities recorded for the restructuring Plan and changes therein for the first half of fiscal 2015 were as follows:

	Balance at December 27, 2014		Recognized Restructuring Expense		Costs Paid or Otherwise Settled			Balance at June 27, 2015
Severance	$	—	$	4,927	$	(2,294	)	$	2,633
Other cash restructuring expenses		—		885		(645	)		240

Total cost of sales	$	—	$	5,812	$	(2,939	)	$	2,873