RESTRUCTURING COSTS (Tables)

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The following tables summarize the respective accrual balances related to these restructuring activities:

In thousands	Restructuring Accrual as of December 31, 2019		Provision		Cash Payments		Restructuring Accrual as of September 30, 2020
Commercial/Industrial
Severance	$	—	$	9,028	$	(3,939)	$	5,089
Facility closure and other exit costs	—		2,496		(2,147)		349
Total Commercial/Industrial	$	—	$	11,524	$	(6,086)	$	5,438
Defense
Severance	$	—	$	3,015	$	(2,576)	$	439
Facility closure and other exit costs	—		41		(41)		—
Total Defense	$	—	$	3,056	$	(2,617)	$	439
Power
Severance	$	—	$	3,001	$	(1,263)	$	1,738
Facility closure and other exit costs	—		710		(710)		—
Total Power	$	—	$	3,711	$	(1,973)	$	1,738
Consolidated
Severance	$	—	$	15,044	$	(7,778)	$	7,266
Facility closure and other exit costs	—		3,247		(2,898)		349
Total consolidated	$	—	$	18,291	$	(10,676)	$	7,615

A reconciliation of total pre-tax restructuring charges is as follows:

	Affected line item in the Condensed Consolidated Statement of Earnings
		Three Months Ended		Nine Months Ended
(In thousands)		September 30, 2020		September 30, 2020
Inventory write-downs	Cost of product sales	$	2,625	$	7,815
Severance, facility closure, and other exit costs	Restructuring expenses	7,690		18,291
Property, plant, and equipment & operating lease right of use asset impairments	Restructuring expenses	851		2,439
		$	8,541	$	20,730
Total restructuring charges	Earnings before income taxes	$	11,166	$	28,545