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Restructuring | 9 Months Ended
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Sep. 30, 2012
Restructuring | 2. Restructuring During the second half of 2011 and into 2012, the Company recorded restructuring costs as a part of 2011 restructuring initiatives that support the implementation of key strategic efforts designed to facilitate long-term sustainable growth through cost reduction actions, primarily consisting of employee reductions and facility rationalization. The costs incurred related to these initiatives are included in Restructuring expenses in the Consolidated Statements of Operations while the restructuring accruals are included in Accrued expenses in the Consolidated Balance Sheets. During the three and nine months ended September 30, 2012, the Company recorded $7.1 million and $14.6 million, respectively, of pre-tax restructuring expenses related to its 2011 restructuring initiatives for employee severance related to employee reductions across various functional areas, the termination of a defined benefit pension plan, and facility rationalization. The 2011 restructuring initiatives included severance benefits for 292 employees in 2011 and 226 employees during the first nine months of 2012. During both the three and nine months ended September 30, 2011, the Company recorded $2.9 million of pre-tax restructuring expenses related to the 2011 restructuring initiatives for employee severance related to employee reductions across various functional areas as well as facility rationalization. Pre-tax restructuring expenses, by segment, for the three and nine months ended September 30, 2012, were as follows:
|  | Three Months Ended September 30, 2012 |  |  | Nine Months Ended September 30, 2012 |
|  | Severance Costs |  |  | Exit Costs |  |  | Total |  |  | Severance Costs |  |  | Exit Costs |  |  | Total |
|  | (in thousands) |
Fluid & Metering Technologies |  | $ | 698 |  |  | $ | 26 |  |  | $ | 724 |  |  | $ | 3,666 |  |  | $ | 36 |  |  | $ | 3,702 |
Health & Science Technologies |  |  | 2,700 |  |  |  | 475 |  |  |  | 3,175 |  |  |  | 4,607 |  |  |  | 1,175 |  |  |  | 5,782 |
Fire & Safety/Diversified Products |  |  | 450 |  |  |  | 1,618 |  |  |  | 2,068 |  |  |  | 730 |  |  |  | 2,910 |  |  |  | 3,640 |
Corporate office and other |  |  | 1,118 |  |  |  | — |  |  |  | 1,118 |  |  |  | 1,281 |  |  |  | 199 |  |  |  | 1,480 |
Total restructuring costs |  | $ | 4,966 |  |  | $ | 2,119 |  |  | $ | 7,085 |  |  | $ | 10,284 |  |  | $ | 4,320 |  |  | $ | 14,604 |
Pre-tax restructuring expenses, by segment, for the three and nine months ended September 30, 2011, were as follows:
|  | Severance Costs |  |  | Exit Costs |  |  | Total |
|  | (In thousands) |
Fluid & Metering Technologies |  | $ | 528 |  |  | $ | 51 |  |  | $ | 579 |
Health & Science Technologies |  |  | 407 |  |  |  | 21 |  |  |  | 428 |
Fire & Safety/Diversified Products |  |  | 1,615 |  |  |  | 87 |  |  |  | 1,702 |
Corporate/Other |  |  | 222 |  |  |  | — |  |  |  | 222 |
Total restructuring costs |  | $ | 2,772 |  |  | $ | 159 |  |  | $ | 2,931 |
Restructuring accruals of $5.6 million and $5.9 million at September 30, 2012 and December 31, 2011, respectively, are recorded in Accrued liabilities in the Consolidated Balance Sheets. The changes in the restructuring accrual for the nine months ended September 30, 2012 are as follows:
(In thousands) |  |  |
Balance at January 1, 2012 |  | $ | 5,875 |
Restructuring expenses |  |  | 14,604 |
Payments, utilization and other |  |  | (14,851 | )
Balance at September 30, 2012 |  | $ | 5,628 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 + Details
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