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Restructuring Activities (Tables)

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The Company's restructuring charges by segment were as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Engineered Products			$	4,339					$	4,160					$	8,330					$	4,518
Fueling Solutions			1,415						911						1,464						2,386
Imaging & Identification			174						(522)						864						(266)
Pumps & Process Solutions			904						4,706						887						8,552
Refrigeration & Food Equipment			2,283						2,213						3,344						2,773
Corporate			321						816						982						1,662
Total			$	9,436					$	12,284					$	15,871					$	19,625
These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services			$	4,839					$	7,557					$	8,746					$	9,099
Selling, general and administrative expenses			4,597						4,727						7,125						10,526
Total			$	9,436					$	12,284					$	15,871					$	19,625

Schedule of Restructuring Reserve by Type of Cost

The Company’s severance and exit accrual activities were as follows:

			Severance						Exit						Total
Balance at December 31, 2020			$	10,547					$	4,366					$	14,913
Restructuring charges			6,680						9,191						15,871
Payments			(7,483)						(3,625)						(11,108)
Other, including foreign currency translation			(66)						(6,718)			(1)			(6,784)
Balance at June 30, 2021			$	9,678					$	3,214					$	12,892

(1) Other activity in exit reserves primarily represents asset charges related to a product line exit.

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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

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-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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-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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