SCHN 2017 Annual Report

SCHNITZER STEEL INDUSTRIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 78 / Schnitzer Steel Industries, Inc. Form 10-K 2017 Restructuring charges and other exit-related activities by reportable segment were as follows (in thousands): Fiscal 2017 Charges Fiscal 2016 Charges Fiscal 2015 Charges Total Charges to Date (2) Total Expected Charges (2) Restructuring charges: AMR and CSS (1) $ 250 $ 4,995 $ 6,944 $ 9,488 $ 9,504 Unallocated (Corporate) 48 943 2,228 3,226 3,226 Discontinued operations 72 84 1,442 1,735 1,750 Total restructuring charges 370 6,022 10,614 14,449 $ 14,480 Other exit-related activities: Asset impairments and accelerated depreciation: AMR 158 2,180 3,836 4,272 Discontinued operations — 947 2,666 3,613 Total asset impairments and accelerated depreciation 158 3,127 6,502 7,885 Gains on exit-related disposals: AMR (565) (1,337) — (1,902) Total gains on exit-related disposals (565) (1,337) — (1,902) Total exit-related activities (407) 1,790 6,502 5,983 Total restructuring charges and other exit-related activities $ (37) $ 7,812 $ 17,116 $ 20,432 ___________________________ (1) CSS's steel manufacturing operations, formerly the SMB reportable segment, did not incur restructuring charges during the periods presented. CSS's metals recycling operations, formerly part of the AMR reportable segment, incurred an immaterial amount of restructuring charges during the periods presented. Therefore, the Company presents restructuring charges related to AMR and CSS on a combined basis. (2) Total charges to date and total expected charges by reportable segment and discontinued operations reflect amounts related to the Q2'15 Plan only. Remaining charges related to prior plans are not expected to be material. The Company does not allocate restructuring charges and other exit-related activities to the segments' operating results because management does not include this information in its measurement of the performance of the operating segments.