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Restructuring Activities (Tables)

12 Months Ended

Dec. 31, 2020

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs [Table Text Block]

The Company initiated various restructuring programs and incurred severance and other restructuring costs by segment as follows:

			Years Ended December 31,
			2020						2019						2018
Engineered Products			$	10,307					$	3,155					$	7,158
Fueling Solutions			6,681						4,943						15,478
Imaging & Identification			5,946						6,426						13,882
Pumps & Process Solutions			13,374						5,666						10,266
Refrigeration & Food Equipment			4,015						3,671						3,475
Corporate			4,145						2,961						8,244
Total			$	44,468					$	26,822					$	58,503
These amounts are classified in the Consolidated Statements of Earnings as follows:
Cost of goods and services			$	18,895					$	8,910					$	16,921
Selling, general and administrative expenses			25,573						17,912						41,582
Total			$	44,468					$	26,822					$	58,503

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table details the Company’s severance and other restructuring accrual activities:

			Severance						Exit						Total
Balance at January 1, 2018			$	24,955					$	6,316					$	31,271
Restructuring charges			45,146						13,357						58,503
Payments			(43,287)						(8,713)						(52,000)
Other, including foreign currency translation			(2,530)						(7,080)			(1)			(9,610)
Balance at December 31, 2018			24,284						3,880						28,164
Restructuring charges			20,271						6,551						26,822
Payments			(29,887)						(3,383)						(33,270)
Other, including foreign currency translation			(917)						(4,409)			(1)			(5,326)
Balance at December 31, 2019			13,751						2,639						16,390
Restructuring charges			25,716						18,752						44,468
Payments			(29,768)						(6,035)						(35,803)
Other, including foreign currency translation			848						(10,990)			(1)			(10,142)
Balance at December 31, 2020			$	10,547					$	4,366					$	14,913

(1) Other activity in exit reserves primarily represents the non-cash write-off of certain long-lived assets and inventory in connection with certain facility closures and product exits.

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- References

No definition available.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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