v3.3.1.900
Restructuring Rollforward (Details 1) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Balance at Beginning of Period $ 23,010 [1] $ 14,115
Restructuring provisions before non-cash charges 49,786 53,478
Non-cash impairment provisions 11,391 4,643
Provisions 61,177 58,121
Payments (57,734) (43,458)
Foreign Currency Translation (1,344) (1,125)
Balance at End of Period 13,718 [2] 23,010 [1]
Gas and Fluid Handling [Member]    
Balance at Beginning of Period 8,996 4,394
Restructuring provisions before non-cash charges 28,958 23,670
Non-cash impairment provisions 2,569 2,863
Provisions 31,527 26,533
Payments (30,637) (18,601)
Foreign Currency Translation (681) (467)
Balance at End of Period 6,636 8,996
Fabrication Technology [Member]    
Balance at Beginning of Period 13,092 8,462
Restructuring provisions before non-cash charges 20,828 29,808
Non-cash impairment provisions 8,822 1,780
Provisions 29,650 31,588
Payments (26,843) (24,582)
Foreign Currency Translation (620) (596)
Balance at End of Period 6,457 13,092
Corporate and Other [Member]    
Balance at Beginning of Period 922 1,259
Provisions 0 0
Payments (254) (275)
Foreign Currency Translation (43) (62)
Balance at End of Period 625 922
Employee Severance [Member] | Gas and Fluid Handling [Member]    
Balance at Beginning of Period [3] 7,551 3,638
Provisions [3] 19,927 18,179
Payments [3] (22,994) (13,887)
Foreign Currency Translation [3] (505) (379)
Balance at End of Period [3] 3,979 7,551
Employee Severance [Member] | Fabrication Technology [Member]    
Balance at Beginning of Period [3] 11,155 7,033
Provisions [3] 15,507 26,790
Payments [3] (20,196) (22,227)
Foreign Currency Translation [3] (435) (441)
Balance at End of Period [3] 6,031 11,155
Facility Closing [Member] | Gas and Fluid Handling [Member]    
Balance at Beginning of Period [4] 1,445 756
Provisions [4] 9,031 5,491
Payments [4] (7,643) (4,714)
Foreign Currency Translation [4] (176) (88)
Balance at End of Period [4] 2,657 1,445
Facility Closing [Member] | Fabrication Technology [Member]    
Balance at Beginning of Period [4] 1,937 1,429
Provisions [4] 5,321 3,018
Payments [4] (6,647) (2,355)
Foreign Currency Translation [4] (185) (155)
Balance at End of Period [4] 426 1,937
Facility Closing [Member] | Corporate and Other [Member]    
Balance at Beginning of Period [4] 922 1,259
Provisions [4] 0 0
Payments [4] (254) (275)
Foreign Currency Translation [4] (43) (62)
Balance at End of Period [4] $ 625 $ 922
[1] As of December 31, 2014, $21.8 million and $1.2 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.
[2] As of December 31, 2015, $12.9 million and $0.8 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.
[3] Includes severance and other termination benefits, including outplacement services. The Company recognizes the cost of involuntary termination benefits at the communication date or ratably over any remaining expected future service period. Voluntary termination benefits are recognized as a liability and an expense when employees accept the offer and the amount can be reasonably estimated.
[4] Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities.