Restructuring and Other Related Charges (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2018

Dec. 31, 2017

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

Restructuring and other related charges as classified in our condensed consolidated statements of income were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2018			2017			2018		2017
Cost of goods and services	$	(33	)	$	(16	)	$	1,557	$	(17	)
Selling, general and administrative expense		(6	)		24			916		38
Total	$	(39	)	$	8		$	2,473	$	21

The Company initiated various restructuring programs and incurred severance and other restructuring costs by segment as follows:

	Years Ended December 31,
	2017		2016		2015
Production & Automation Technologies	$	6,921	$	12,757	$	18,750
Drilling Technologies		—		2,405		2,480
Total	$	6,921	$	15,162	$	21,230
These amounts are classified in the Combined Statements of Income as follows:
Cost of goods and services	$	6,332	$	9,465	$	9,095
Selling, general and administrative expenses		589		5,697		12,135
Total	$	6,921	$	15,162	$	21,230

Schedule of Restructuring Accruals Activities

The following table details the Company’s severance and other restructuring accrual activities:

	Severance			Exit			Total
Balance at December 31, 2014	$	95		$	—		$	95
Restructuring charges		9,366			11,864			21,230
Payments		(8,197	)		(3,947	)		(12,144	)
Other, including foreign currency translation (1)		(100	)		(7,194	)		(7,294	)
Balance at December 31, 2015		1,164			723			1,887
Restructuring charges		10,496			4,666			15,162
Payments		(11,235	)		(2,410	)		(13,645	)
Other, including foreign currency translation (1)		(175	)		(2,770	)		(2,945	)
Balance at December 31, 2016	$	250		$	209		$	459
Restructuring charges		151			6,770			6,921
Payments		(400	)		(978	)		(1,378	)
Other, including foreign currency translation (1)		(1	)		(3,450	)		(3,451	)
Balance at December 31, 2017	$	—		$	2,551		$	2,551

⁽¹⁾ Other activity in exit reserves primarily represents the non-cash write-off of long-lived assets and inventory in connection with certain facility closures and exit of certain nonstrategic product lines.