Commitments and Contingent Liabilities (Tables)

6 Months Ended

Jun. 30, 2011

Commitments and Contingent Liabilities [Abstract]

Estimated warranty program claims are provided for at the time of sale. Amounts provided for are based on historical costs and adjusted new claims. The changes in the carrying amount of product warranties through June 30, 2011 and 2010 are as follows:

	2011			2010
Beginning Balance, January 1	$	58,229		$	59,713
Provision for warranties		20,680			19,728
Settlements made		(20,539	)		(18,364	)
Other adjustments, including currency translation		725			(1,895	)
Ending Balance, June 30	$	59,095		$	59,182

Restructuring reserve and charges by segment

The following table details the Company's severance and other restructuring reserve activity:

	Severance			Exit			Total
At December 31, 2010	$	1,143		$	6,751		$	7,894
Provision		2,722			853			3,575
Payments		(2,444	)		(2,437	)		(4,881	)
Other		19			(394	)		(375	)
At June 30, 2011	$	1,440		$	4,773		$	6,213

The following table details restructuring charges incurred by segment for the periods presented:

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011		2010
Industrial Products	$	467		$	463		$	941	$	796
Engineered Systems		(2	)		310			4		426
Fluid Management		1,514			(489	)		2,382		768
Electronic Technologies		116			(87	)		248		258
Total	$	2,095		$	197		$	3,575	$	2,248

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details