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I am in process of analyzing a company that has recorded restructuring charges in Year...

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Accounting

I am in process of analyzing a company that has recorded restructuring charges in Year 5 and 6 of operations as part of their income statement to the tune of $3 million and $5 million. Although, for the purpose of analysis, I would like to not account for these one-time expenses within the income statement and get a clearer operational understanding and conduct ratio analysis. To remove the restructuring charges from the income statement, what sort of changes would I need to make in my cash flow statement and balance sheet?
Example: If I remove $3 million as restructuring charges from income statement, I would have an increased net income which would impact by cashflow from operating activities. This would in-turn result into changes in cash position on balance sheet as well. Although, there is also a tax component, so how would that play out in a 34% tax environment. Would it be deferred? Could you help explain the total journey of restructuring charges would look with their entry's mentioned in all statements.

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