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Realignment and Transformation Programs (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

			December 31, 2022
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Restructuring Charges
COS			$	768					$	93					$	861					$	—					$	861
SG&A			—						(4)						(4)						—						(4)
			$	768					$	89					$	857					$	—					$	857
Non-Restructuring Charges
COS			$	(530)					$	86					$	(444)					$	(61)					$	(505)
SG&A			148						(391)						(243)						(274)						(517)
			$	(382)					$	(305)					$	(687)					$	(335)					$	(1,022)
Total Realignment Charges
COS			$	238					$	179					$	417					$	(61)					$	356
SG&A			148						(395)						(247)						(274)						(521)
Total			$	386					$	(216)					$	170					$	(335)					$	(165)

			December 31, 2021
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Restructuring Charges
COS			$	8,046					$	811					$	8,857					$	—					$	8,857
SG&A			665						(9)						656						—						656
			$	8,711					$	802					$	9,513					$	—					$	9,513
Non-Restructuring Charges
COS			$	6,203					$	1,196					$	7,399					$	590					$	7,989
SG&A			368						708						1,076						3,913						4,989
			$	6,571					$	1,904					$	8,475					$	4,503					$	12,978
Total Realignment and Transformation Charges
COS			$	14,249					$	2,007					$	16,256					$	590					$	16,846
SG&A			1,033						699						1,732						3,913						5,645
Total			$	15,282					$	2,706					$	17,988					$	4,503					$	22,491

The following is a summary of total inception to date charges, net of adjustments, related to the Realignment Program:

			Inception to Date
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Restructuring Charges
COS			$	26,642					$	2,131					$	28,773					$	—					$	28,773
SG&A			716						328						1,044						(16)						1,028
			$	27,358					$	2,459					$	29,817					$	(16)					$	29,801
Non-Restructuring Charges
COS			$	24,877					$	808					$	25,685					$	581					$	26,266
SG&A			11,197						4,871						16,068						21,521						37,589
			$	36,074					$	5,679					$	41,753					$	22,102					$	63,855
Total Realignment Charges
COS			$	51,519					$	2,939					$	54,458					$	581					$	55,039
SG&A			11,913						5,199						17,112						21,505						38,617
Total			$	63,432					$	8,138					$	71,570					$	22,086					$	93,656

Restructuring charges represent costs related to employee severance at closed facilities, contract termination costs, asset write-downs and other costs. Contract termination costs include costs related to the termination of operating leases or other contract termination costs. Asset write-downs include accelerated depreciation of fixed assets, accelerated amortization of intangible assets, divestiture of certain non-strategic assets and inventory write-downs. Other costs generally include costs related to employee relocation, asset relocation, vacant facility costs (i.e., taxes and insurance) and other charges.

The following is a summary of restructuring charges, net of adjustments, for our restructuring activities. Restructuring charges incurred related to our Realignment Program:

			December 31, 2022
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	122					$	327					$	273					$	139					$	861
SG&A			(4)						—						—						—						(4)
Total			$	118					$	327					$	273					$	139					$	857

			December 31, 2021
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	964					$	34					$	2,683					$	5,176					$	8,857
SG&A			167						—						—						489						656
Total			$	1,131					$	34					$	2,683					$	5,665					$	9,513

The following is a summary of total inception to date charges, net of adjustments, related to our Realignment Program:

			Inception to Date
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	16,324					$	413					$	4,368					$	7,668					$	28,773
SG&A			247						—						14						767						1,028
Total			$	16,571					$	413					$	4,382					$	8,435					$	29,801

Schedule of Restructuring Reserve by Type of Cost

The following represents the activity, primarily severance, related to the restructuring reserve for the Realignment Programs for the years ended December 31, 2022 and 2021:

(Amounts in thousands)			2022						2021
Balance at January 1,			$	4,868					$	18,255
Charges			584						6,829
Cash expenditures			(3,518)						(18,942)
Other non-cash adjustments, including currency			(969)						(1,274)
Balance at December 31,			$	965					$	4,868

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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.

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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.

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