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Restructuring | 3 Months Ended
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Mar. 31, 2014
Restructuring | Restructuring 2014 Repositioning Actions The Company recorded pre-tax restructuring charges of $6.0 million in the first quarter of 2014, including $3.2 million related to the consolidation of a facility in the U.K in the Fluid Handling segment and $2.8 million associated with certain facility consolidation activities in the Aerospace & Electronics segment. These charges primarily included severance and move costs related to the transfer of certain manufacturing operations. The Company expects these repositioning actions to result in workforce reductions of approximately 180 employees, or about 2%, of the Company’s global workforce. The following table summarizes the restructuring charges by cost type and business segment:
(in thousands) | Severance |  | Asset write-down |  | Other |  | Total
Fluid Handling | $ | 3,020 |  |  | $ | 165 |  |  | $ | 46 |  |  | $ | 3,231 |
Aerospace & Electronics | 2,410 |  |  | 41 |  |  | 367 |  |  | 2,818 |
| $ | 5,430 |  |  | $ | 206 |  |  | $ | 413 |  |  | $ | 6,049 |
The Company expects to incur additional restructuring and related charges of approximately $7 million to complete these actions. Acquisition Related Restructuring In the first quarter of 2014, the Company recorded pre-tax restructuring charges of $4.0 million related to the December 2013 acquisition of MEI in the Company's Payment & Merchandising Technologies segment. The Company expects these 2014 actions to result in workforce reductions of approximately 60 employees, or less than 1% of the Company’s global workforce. The following table summarizes the restructuring charges by cost type and business segment:
(in thousands) | Severance |  | Asset write-down |  | Other |  | Total
Payment & Merchandising Technologies | $ | 3,828 |  |  | $ | 160 |  |  | $ | — |  |  | $ | 3,988 |
The Company expects to incur additional restructuring and related charges of approximately $2 million to complete these actions.

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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 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 2: 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 3: 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 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: 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 + Details
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