Restructuring Activities

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities Disclosure [Text Block]

7. Restructuring Activities

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



	Three Months Ended March 31,
	2013		2012
Communication Technologies	$	3,314	$	1,009
Energy	—		—
Engineered Systems	2,968		125
Printing & Identification	86		—
Total	$	6,368	$	1,134

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

Cost of goods and services	$	4,488	$	248
Selling and administrative expenses	1,880		886
Total	$	6,368	$	1,134

The restructuring expenses incurred in the three months ended March 31, 2013 related to restructuring programs initiated in the first quarter of 2013 and during 2012. These programs are designed to better align the Company's operations with current market conditions through targeted facility consolidations, headcount reductions and other measures to further optimize operations. The Company expects full-year 2013 restructuring expenses of approximately $20,000 to $30,000 related to these programs. We expect the programs currently underway, including those commenced as of March 31, 2013, to be substantially completed in the next twelve to eighteen months.

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



	Severance			Exit			Total
Balance at December 31, 2012	$	5,160		$	2,601		$	7,761
Restructuring charges	5,241			1,127			6,368
Payments	(2,869		)	(1,824		)	(4,693		)
Other, including foreign currency	(111		)	—			(111		)
Balance at March 31, 2013	$	7,421		$	1,904		$	9,325

The accrual balance at March 31, 2013 primarily reflects restructuring plans initiated in the first quarter of 2013, as well as 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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