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Restructuring
9 Months Ended
Sep. 30, 2019
Restructuring And Related Activities [Abstract]  
Restructuring

19.  Restructuring

During the three months ended September 30, 2019 and 2018, the Company incurred $1.1 million and $1.0 million of restructuring expense, respectively. During the nine months ended September 30, 2019 and 2018, the Company incurred $8.3 million and $11.0 million of restructuring expense, respectively. The expense for the three months ended September 30, 2019 related primarily to costs associated with headcount reductions in Europe. Expenses for the nine months ended September 30, 2019 related primarily to headcount reductions in India, Europe and North America. Expenses for the three and nine months ended September 30, 2018 related primarily to the Corporate office relocation from Manitowoc, WI to Milwaukee, WI, the departure of an executive officer, training of skilled labor as a result of the transfer of crawler crane production to Shady Grove, PA and headcount reductions in Europe.

The following is a rollforward of the Company's restructuring accrual for the three and nine months ended September 30, 2019 and 2018:

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Balance at beginning of period

 

$

3.1

 

 

$

4.4

 

 

$

3.1

 

 

$

5.6

 

Restructuring expenses

 

 

1.1

 

 

 

1.0

 

 

 

8.3

 

 

 

11.0

 

Use of reserve

 

 

(1.9

)

 

 

(2.0

)

 

 

(9.1

)

 

 

(12.7

)

Reserve reclassification

 

 

 

 

 

 

 

 

 

 

 

(0.3

)

Currency translation

 

 

(0.1

)

 

 

 

 

 

(0.1

)

 

 

(0.2

)

Balance at end of period

 

$

2.2

 

 

$

3.4

 

 

$

2.2

 

 

$

3.4