5. 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 $7.1 million of restructuring charges associated with the planned closure of facilities under the Plan during the nine months ended September 30, 2018 and 2017, respectively, and $2.1 million of restructuring charges during the three months ended September 30, 2017. No costs were incurred during the three months ended September 30, 2018. These costs were presented in the Condensed Consolidated Statements of Operations (Unaudited) as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2018		2017		2018		2017
Cost of sales	$	—	$	1,908	$	119	$	6,968
Selling, general and administrative expenses		—		164		—		164
	$	—	$	2,072	$	119	$	7,132

The table below summarizes restructuring activity for the nine months ended September 30, 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		(1,035	)		—			(162	)		(1,197	)
Non-cash utilization		—			(16	)		—			(16	)
Balance at September 30, 2018	$	94		$	—		$	—		$	94

In addition to the restructuring costs noted above, the Company also incurred other associated costs of the Plan of $0.3 million and $1.0 million for the three and nine months ended September 30, 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 and nine months ended September 30, 2018.

For the three and nine months ended September 30, 2018, the Company recognized a gain of $0.2 million, and for the three and nine months ended September 30, 2017, the Company recognized gains of $2.8 million and $4.1 million, respectively, on asset dispositions in connection with the planned facility closures.