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Restructuring Activities (Tables) | 9 Months Ended
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Sep. 30, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Charges by Segment | The Company's restructuring charges by segment were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Engineered Products | $ | 991 |  |  | $ | 938 |  |  | $ | 2,969 |  |  | $ | 5,415 |
Clean Energy & Fueling | 8,544 |  |  | (37) |  |  | 15,434 |  |  | 15,954 |
Imaging & Identification | 1,804 |  |  | 233 |  |  | 4,645 |  |  | 1,437 |
Pumps & Process Solutions | 964 |  |  | 1,637 |  |  | 3,929 |  |  | 6,266 |
Climate & Sustainability Technologies | 1,238 |  |  | 1,138 |  |  | 14,261 |  |  | 2,585 |
Corporate | 296 |  |  | 476 |  |  | 391 |  |  | 1,603 |
Total | $ | 13,837 |  |  | $ | 4,385 |  |  | $ | 41,629 |  |  | $ | 33,260 |
These amounts are classified in the condensed consolidated statements of earnings as follows:
Cost of goods and services | $ | 7,768 |  |  | $ | 1,198 |  |  | $ | 26,908 |  |  | $ | 10,353 |
Selling, general and administrative expenses | 6,069 |  |  | 3,187 |  |  | 14,721 |  |  | 22,907 |
Total | $ | 13,837 |  |  | $ | 4,385 |  |  | $ | 41,629 |  |  | $ | 33,260 |
Schedule of Severance and Exit Accrual Activities | The Company’s severance and exit accrual activities were as follows:
| Severance |  | Exit |  | Total
Balance at January 1, 2024 | $ | 18,646 |  |  | $ | 3,113 |  |  | $ | 21,759 |
Restructuring charges | 15,745 |  |  | 25,884 |  | (1) | 41,629 |
Payments | (23,973) |  |  | (7,625) |  |  | (31,598) |
Other, including foreign currency translation | (178) |  |  | (16,828) |  | (1) | (17,006) |
Balance at September 30, 2024 | $ | 10,240 |  |  | $ | 4,544 |  |  | $ | 14,784 |
(1) Exit reserves activity includes non-cash asset charges related to a product line exit within the Climate & Sustainability Technologies segment.

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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