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Restructuring Activities (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
Engineered Products			$	870					$	2,342					$	9,200					$	6,860
Fueling Solutions			1,620						1,572						3,084						3,958
Imaging & Identification			168						99						1,032						(167)
Pumps & Process Solutions			639						1,719						1,526						10,271
Refrigeration & Food Equipment			1,293						534						4,637						3,307
Corporate			200						474						1,182						2,136
Total			$	4,790					$	6,740					$	20,661					$	26,365
These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services			$	2,194					$	2,710					$	10,940					$	11,809
Selling, general and administrative expenses			2,596						4,030						9,721						14,556
Total			$	4,790					$	6,740					$	20,661					$	26,365

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			7,933						12,728						20,661
Payments			(9,625)						(4,500)						(14,125)
Other, including foreign currency translation			(190)						(9,342)			(1)			(9,532)
Balance at September 30, 2021			$	8,665					$	3,252					$	11,917

(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

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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-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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