Restructuring Activities

6 Months Ended

Jun. 30, 2012

Restructuring and Related Activities Disclosure [Text Block]

10. Restructuring Activities

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



	Three Months Ended June 30,					Six Months Ended June 30,
	2012		2011			2012		2011
Communication Technologies	$	649	$	891		$	1,658	$	1,151
Energy	495		1,387			495		1,797
Engineered Systems	1,301		530			1,426		1,392
Printing & Identification	5,619		(774		)	5,988		(827		)
Total	$	8,064	$	2,034		$	9,567	$	3,513

These amounts are classified in the Unaudited Condensed Consolidated Statements of Comprehensive Earnings as follows:

Cost of goods and services	$	813	$	1,156		$	1,229	$	1,242
Selling and administrative expenses	7,251		878			8,338		2,271
Total	$	8,064	$	2,034		$	9,567	$	3,513

The restructuring expenses incurred in the three and six months ended June 30, 2012 relate primarily to programs initiated in 2012, principally a few targeted facility consolidations and headcount reductions intended to better align the Company's operations with the current market dynamics. These programs are expected to be concluded in 2012, with additional expense of approximately $4,000 to be recognized over the remainder of 2012.

Restructuring expenses incurred in the three and six months ended June 30, 2011 also included targeted facility consolidations at certain businesses. These programs were substantially complete by the end of 2011 and the related expenses were not significant.

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



	Severance			Exit			Total
At December 31, 2011	$	2,463		$	3,129		$	5,592
Restructuring charges	8,548			1,019			9,567
Payments	(4,362		)	(2,020		)	(6,382		)
Other, including foreign currency	(20		)	(27		)	(47		)
At June 30, 2012	$	6,629		$	2,101		$	8,730

The accrual balance at December 31, 2011 primarily reflects ongoing lease commitment obligations for facilities closed in earlier periods.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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