During the three and six months ended June 30, 2017, the Company recorded net restructuring credits of $0.6 million and net restructuring charges $3.7 million within Cost of goods sold ("COGS") for actions primarily associated with transferring certain operations of hearing health manufacturing to a lower-cost Asian manufacturing facility. A $0.9 million reversal of previously recorded restructuring charges was recorded as a result of subsequent developments that impacted the previously estimated amounts. The Company expects to incur approximately $0.2 million of additional restructuring charges through the fourth quarter of 2017 related to this transfer. The transfer is expected to be substantially completed by the end of 2017. This was recorded as part of the Audio segment.

During the three and six months ended June 30, 2017, the Company recorded restructuring charges of $2.8 million and $3.5 million within Operating expenses, primarily for actions associated with lowering operating expenses. During the three months ended June 30, 2017, charges of $1.4 million were recorded for the Corporate segment, charges of $1.3 million were recorded for the Audio segment and charges of $0.1 million were recorded for the PD segment. During the six months ended June 30, 2017, charges of $1.7 million were recorded for the Audio segment, charges of $1.5 million were recorded for the Corporate segment and charges of $0.3 million were recorded for the PD segment.

During the three months ended June 30, 2016, the Company recorded restructuring charges of $3.9 million comprised primarily of the restructuring actions associated with the integration of Audience, Inc., of which $0.2 million was recorded in COGS and $3.7 million was recorded in Operating expenses. During the six months ended June 30, 2016, the Company recorded restructuring charges of $8.6 million, comprised primarily of the restructuring actions associated with the integration of Audience, Inc. The remaining charges primarily relate to the residual expenses for the continued transfer of our capacitor business into a lower-cost Asian manufacturing facility and headcount reduction initiatives in our timing devices business. Total restructuring charges of $1.4 million were classified as COGS and $7.2 million were classified as Operating expenses.

The following table details restructuring charges incurred by reportable segment for the periods presented:



	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2017		2016		2017		2016
Audio ⁽¹⁾	$	0.7	$	3.1	$	5.4	$	6.1
Precision Devices	0.1		0.8		0.3		2.1
Corporate	1.4		—		1.5		0.4
Total	$	2.2	$	3.9	$	7.2	$	8.6

The following table details the Company’s severance and other restructuring accrual activity:



(in millions)	Severance Pay and Benefits			Contract Termination and Other Costs		Total
Balance at December 31, 2016	$	3.4		$	0.4	$	3.8
Restructuring charges ⁽¹⁾	5.8			1.4		7.2
Payments	(3.6		)	—		(3.6		)
Balance at June 30, 2017	$	5.6		$	1.8	$	7.4

⁽¹⁾ During the three and six months ended June 30, 2017, the Company reversed $0.9 million of previously recorded restructuring charges in COGS due to subsequent developments that impacted the previously estimated amounts.

The severance and restructuring accruals are recorded in the following accounts on the Consolidated Balance Sheet:



(in millions)	June 30, 2017		December 31, 2016
Other accrued expenses	$	7.2	$	3.6
Other liabilities	0.2		0.2
Total	$	7.4	$	3.8