3.	Restructuring expenses

On December 27, 2017, the board of GSE Systems, Inc. approved an international restructuring plan to streamline and optimize the Company's global operations. Beginning in December 2017, GSE will consolidate its engineering services and R&D activities to Maryland and cease an unprofitable non-core business in the U.K. As a result, the Company will be closing its offices in Nyköping, Sweden; Chennai, India; and Stockton-on-Tees, UK. These actions are designed to improve Company productivity by eliminating duplicate employee functions and increasing GSE's focus on its core business, improving efficiency and maintaining the full range of engineering capabilities while reducing costs and organizational complexity.

GSE will eliminate approximately 40 positions due to these changes, primarily in Europe and India, and will undertake other cost-savings measures. The restructuring plan is expected to be completed in 2018. As a result of these efforts, GSE expects to record a restructuring charge of approximately $1.7 million, primarily related to workforce reductions, contracts termination costs and asset write-offs due to the exit activities. We recorded a restructuring charge of $0.7 million for the year ended December 31, 2017, and we expect to record the remaining charges, primarily reflecting the office closure costs, in the first quarter of 2018. The following table summarize the restructuring costs. The amounts to be transferred from cumulative translation adjustments and included in determining net income for the period, in which the liquidation of these foreign entities are completed (2018), are not included in the table below.

(in thousands)	Total Expected Costs		Costs for the Year			Expected Costs Remaining
Employee termination benefits	$	499	$	465	$	34
Lease termination costs		665		-		665
Assets write-offs		222		222		-
Other restructuring costs		303		46		257
Total	$	1,689	$	733	$	956

The restructuring costs related to our Performance Improvement Solutions segment and were included in the consolidated statement of operations within the "Restructuring charges" line caption. The accrued employee termination benefits of $0.5 million were reflected in the "Accrued compensation" line in the consolidated balance sheet. No payment had been made as of December 31, 2017.