4. Restructuring

On March 9, 2017, the Company announced a restructuring plan (the “Plan”) to improve the Company’s organizational structure and operational efficiency within the Material Handling Segment, which related primarily to anticipated facility shutdowns and associated activities. Total restructuring costs incurred related to the Plan were approximately $7.7 million, which includes employee severance and other employee-related costs of approximately $3.1 million, $2.6 million related to equipment relocation and facility shut down costs and non-cash charges, primarily accelerated depreciation charges on property, plant and equipment, of approximately $2.0 million.

All actions under the Plan are substantially completed. The Company incurred $0.1 million and $1.0 million of restructuring charges associated with the planned closure of facilities under the Plan during the three months ended March 31, 2018 and 2017, respectively. These costs were included in Cost of Sales in the Condensed Consolidated Statement of Operations (Unaudited).

The table below summarizes restructuring activity for the three months ended March 31, 2018:

	Employee Reduction			Accelerated Depreciation			Other Exit Costs			Total
Balance at January 1, 2018	$	1,098		$	—		$	90		$	1,188
Charges to expense		31			16			72			119
Cash payments		(641	)		—			(162	)		(803	)
Non-cash utilization		—			(16	)		—			(16	)
Balance at March 31, 2018	$	488		$	—		$	—		$	488

In addition to the restructuring costs noted above, the Company also incurred other associated costs of the Plan of $0.4 million for the three months ended March 31, 2017, which are included in Selling, General and Administrative expenses in the accompanying Condensed Consolidated Statements of Operations (Unaudited), and are primarily related to third party consulting costs. No such costs were incurred for the three months ended March 31, 2018.

In the first quarter of 2017, the Company also recognized a gain of $0.7 million on asset dispositions in connection with the planned closing of a manufacturing plant in Bluffton, Indiana.