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Restructuring Activities (Tables)
6 Months Ended
Jun. 30, 2015
Restructuring [Abstract]  
Schedule of Restructuring and Related Costs
The following table details restructuring charges incurred by segment for the periods presented:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Energy
$
2,556

 
$
1,419

 
$
20,378

 
$
1,490

Engineered Systems
747

 
1,236

 
5,102

 
3,021

Fluids
58

 
(367
)
 
2,155

 
538

Refrigeration & Food Equipment
(243
)
 
10

 
(525
)
 
10

Corporate

 
648

 
111

 
1,157

Total
$
3,118

 
$
2,946

 
$
27,221

 
$
6,216

 
 
 
 
 
 
 
 
These amounts are classified in the unaudited Condensed Consolidated Statements of Earnings as follows:
 
 
 
 
 
 
 
 
Cost of goods and services
$
2,474

 
$
1,189

 
$
9,928

 
$
1,732

Selling and administrative expenses
644

 
1,757

 
17,293

 
4,484

Total
$
3,118

 
$
2,946

 
$
27,221

 
$
6,216

Schedule of Restructuring Reserve by Type of Cost
The following table details the Company’s severance and other restructuring accrual activity:
 
Severance
 
Exit
 
Total
Balance at December 31, 2014
$
15,358

 
$
6,663

 
$
22,021

Restructuring charges
15,584

 
11,637

 
27,221

Payments
(21,151
)
 
(6,356
)
 
(27,507
)
Foreign currency translation
(442
)
 
(322
)
 
(764
)
Other, including write-offs of fixed assets
197

 
(7,019
)
 
(6,822
)
Balance at June 30, 2015
$
9,546

 
$
4,603

 
$
14,149