Restructuring Activities

6 Months Ended

Jun. 30, 2013

Restructuring [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

8. 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,
	2013		2012		2013		2012
Communication Technologies	$	9,518	$	649	$	12,832	$	1,658
Energy	1,175		495		1,175		495
Engineered Systems	411		1,301		3,379		1,426
Printing & Identification	1,369		5,560		1,455		5,560
Total	$	12,473	$	8,005	$	18,841	$	9,139
These amounts are classified in the unaudited Condensed Consolidated Statements of Comprehensive Earnings as follows:
Cost of goods and services	$	5,839	$	738	$	10,327	$	986
Selling and administrative expenses	6,634		7,267		8,514		8,153
Total	$	12,473	$	8,005	$	18,841	$	9,139

The restructuring expenses of $12,473 and $18,841 incurred in the three and six months ended June 30, 2013, respectively, related to restructuring programs initiated in the first half 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 $25,000 related to these programs. We expect the programs currently underway to be substantially completed in the next twelve to eighteen months.

The $12,473 of restructuring charges incurred during the quarter included the items as described below.

• The Communication Technologies segment incurred restructuring charges of $9,518 relating to headcount reductions in connection with integration activities within its consumer electronics business, headcount reductions within its operations that serve the telecom infrastructure market to better reflect the current market dynamics and a facility consolidation in its capacitor business.

• The Energy segment recorded $1,175 of restructuring charges relating to the loss on the sale of a building in connection with a facility consolidation within the production sector.

• The Engineered Systems segment incurred net restructuring charges of $411, which included a gain on the sale of a building, in connection with a couple facility consolidations and related headcount reductions undertaken to optimize its cost structure.

• The Printing & Identification segment incurred restructuring charges of $1,369 relating to exit plans at targeted facilities, which included certain adjustments and offsets to previously recorded reserves.

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	15,880			2,961			18,841
Payments	(6,551		)	(2,993		)	(9,544		)
Other, including foreign currency	(24		)	(19		)	(43		)
Balance at June 30, 2013	$	14,465		$	2,550		$	17,015

The accrual balance at June 30, 2013 primarily reflects restructuring plans initiated during the year, as well as ongoing lease commitment obligations for facilities closed in earlier periods.