| Accrued Liabilities Disclosure [Text Block] |
Accrued Liabilities
Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following:
| | | | | | | | | | September 28, 2018 | | December 31, 2017 | | (In thousands) | Accrued payroll | $ | 105,202 |
| | $ | 98,132 |
| Accrued taxes | 36,640 |
| | 53,939 |
| Accrued asbestos-related liability | 54,580 |
| | 50,311 |
| Warranty liability - current portion | 37,297 |
| | 32,428 |
| Accrued restructuring liability - current portion | 12,962 |
| | 12,509 |
| Accrued third-party commissions | 16,520 |
| | 14,014 |
| Other | 86,929 |
| | 97,299 |
| Accrued liabilities | $ | 350,130 |
| | $ | 358,632 |
|
Warranty Liability The activity in the Company’s warranty liability consisted of the following: | | | | | | | | | | Nine Months Ended | | September 28, 2018 | | September 29, 2017 | | (In thousands) | | | Warranty liability, beginning of period | $ | 34,177 |
| | $ | 30,222 |
| Accrued warranty expense | 17,114 |
| | 12,845 |
| Changes in estimates related to pre-existing warranties | 1,727 |
| | 850 |
| Cost of warranty service work performed | (17,565 | ) | | (17,634 | ) | Acquisitions | 4,933 |
| | 13 |
| Foreign exchange translation effect | (1,624 | ) | | 1,616 |
| Warranty liability, end of period | $ | 38,762 |
| | $ | 27,912 |
|
Accrued Restructuring Liability
The Company’s restructuring programs include a series of actions to reduce the structural costs of the Company. A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Condensed Consolidated Balance Sheets is as follows: | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 28, 2018 | | Balance at Beginning of Period | | Provisions | | Payments | | Foreign Currency Translation | | Balance at End of Period(3) | | (In thousands) | Restructuring and other related charges: | | | | | | | | | | Air and Gas Handling: | | | | | | | | | | Termination benefits(1) | $ | 12,038 |
| | $ | 18,708 |
| | $ | (20,488 | ) | | $ | (151 | ) | | $ | 10,107 |
| Facility closure costs(2) | (217 | ) | | 2,749 |
| | (2,271 | ) | | (261 | ) | | — |
| | 11,821 |
| | 21,457 |
| | (22,759 | ) | | (412 | ) | | 10,107 |
| Non-cash charges(2) | | | (309 | ) | | | | | | | | | | 21,148 |
| | | | | | | Fabrication Technology: | | | | | | | | | | Termination benefits(1) | 660 |
| | 8,655 |
| | (6,485 | ) | | (18 | ) | | 2,812 |
| Facility closure costs(2) | 42 |
| | 5,236 |
| | (5,236 | ) | | 1 |
| | 43 |
| | 702 |
| | 13,891 |
| | (11,721 | ) | | (17 | ) | | 2,855 |
| Non-cash charges(2) | | | 5,734 |
| | | | | | | | | | 19,625 |
| | | | | | | Corporate and Other: | | | | | | | | | | Facility closure costs(2) | 84 |
| | 18 |
| | (102 | ) | | — |
| | — |
| | 84 |
| | 18 |
| | (102 | ) | | — |
| | — |
| Total | $ | 12,607 |
| | $ | 35,366 |
| | $ | (34,582 | ) | | $ | (429 | ) | | $ | 12,962 |
| Non-cash charges(2) | | | 5,425 |
| | | | | | | | | | $ | 40,791 |
| | | | | | |
(1) Includes severance and other termination benefits, including outplacement services. (2) Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities. (3) As of September 28, 2018, $13.0 million of the Company’s restructuring liability was included in Accrued liabilities.
The Company expects to incur charges of approximately $30 million during the remainder of 2018 related to its restructuring activities. |