Note 3. Restructuring

Restructuring Program 2018

In the third quarter of 2018, the Company announced a restructuring program that primarily involves workforce reductions and facility consolidation. These actions continued in the fourth quarter and the Company expects additional restructuring activity in the first half of 2019 focused on targeted workforce optimization within general and administrative back-office and manufacturing overhead as well as continued facility consolidation. In the three month period ended March 31, 2019, $2.0 million was charged to expense through ‘‘Other operating expense, net’’ of the Condensed Consolidated Statements of Operations ($0.8 million for Industrials, $1.5 million for Energy and ($0.3) million for Medical).

The following table summarizes the activity associated with the Company’s restructuring programs for the three month period ended March 31, 2019.

Balance as of December 31, 2018	$	10.1
Charged to expense - Termination benefits		1.3
Charged to expense - Other		0.7
Payments		(3.3	)
Other, net		(0.1	)
Balance as of March 31, 2019	$	8.7

As of March 31, 2019, restructuring reserves of $8.7 million are included in “Accrued liabilities” of the Condensed Consolidated Balance Sheets. As of December 31, 2018, restructuring reserves of $10.1 million related to these programs are included in ‘‘Accrued liabilities’’ of the Consolidated Balance Sheets.