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Restructuring Activities | 9 Months Ended
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Sep. 30, 2020
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure | 9. Restructuring Activities The Company's restructuring charges by segment were as follows:
| Three Months Ended September 30, |  |  |  | Nine Months Ended September 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Engineered Products | $ | 2,342 |  |  | $ | 556 |  |  | $ | 6,860 |  |  | $ | 1,757 |
Fueling Solutions | 1,572 |  |  | 825 |  |  | 3,958 |  |  | 3,339 |
Imaging & Identification | 99 |  |  | 296 |  |  | (167) |  |  | 1,973 |
Pumps & Process Solutions | 1,719 |  |  | 907 |  |  | 10,271 |  |  | 1,789 |
Refrigeration & Food Equipment | 534 |  |  | 495 |  |  | 3,307 |  |  | 2,134 |
Corporate | 474 |  |  | 257 |  |  | 2,136 |  |  | 1,018 |
Total | $ | 6,740 |  |  | $ | 3,336 |  |  | $ | 26,365 |  |  | $ | 12,010 |
These amounts are classified in the Condensed Consolidated Statements of Earnings as follows: |  |  |  |  |  |  |
Cost of goods and services | $ | 2,710 |  |  | $ | 2,073 |  |  | $ | 11,809 |  |  | $ | 4,435 |
Selling, general and administrative expenses | 4,030 |  |  | 1,263 |  |  | 14,556 |  |  | 7,575 |
Total | $ | 6,740 |  |  | $ | 3,336 |  |  | $ | 26,365 |  |  | $ | 12,010 |
The restructuring expenses of $6,740 and $26,365 incurred during the three and nine months ended September 30, 2020, respectively, were a result of restructuring programs initiated primarily in 2020. Restructuring expense was comprised primarily of new actions executed in response to lower demand driven by COVID-19 as well as continuing broad-based selling, general and administrative expense reduction initiatives and broad-based operational efficiency initiatives focusing on footprint consolidation, and operational optimization and IT centralization. Additional programs, beyond the scope of the announced programs, may be implemented during 2020 with related restructuring charges. The $6,740 of restructuring charges incurred during the third quarter of 2020 primarily included the following items: •The Engineered Products segment recorded $2,342 of restructuring charges principally related to headcount reductions. •The Fueling Solutions segment recorded $1,572 of restructuring charges primarily due to headcount reductions. •The Imaging & Identification segment recorded a restructuring charges of $99 principally related to facility restructuring costs. •The Pumps & Process Solutions segment recorded $1,719 of restructuring expense primarily due to headcount reductions. •The Refrigeration & Food Equipment segment recorded $534 of restructuring expense primarily due to headcount reductions and facility restructuring costs. •Corporate recorded $474 of restructuring charges primarily related to exit costs associated with IT centralization initiatives. The Company’s severance and exit accrual activities were as follows:
| Severance |  | Exit |  | Total
Balance at December 31, 2019 | $ | 13,751 |  |  | $ | 2,639 |  |  | $ | 16,390 |
Restructuring charges | 18,832 |  |  | 7,533 |  |  | 26,365 |
Payments | (24,837) |  |  | (3,895) |  |  | (28,732) |
Other, including foreign currency translation | 466 |  |  | (3,982) |  | (1) | (3,516) |
Balance at September 30, 2020 | $ | 8,212 |  |  | $ | 2,295 |  |  | $ | 10,507 |
(1) Other activity in exit reserves primarily represents the non-cash write-off of certain long-lived assets in connection with certain facility closures.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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