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Restructuring Activities
 9 Months Ended
Sep. 30, 2015
Restructuring [Abstract]  
Restructuring and Related Activities Disclosure
8. Restructuring Activities

The following table details restructuring charges incurred by segment for the periods presented:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Energy
$
6,183

 
$
213

 
$
26,561

 
$
1,703

Engineered Systems
3,694

 
172

 
8,796

 
3,193

Fluids
1,382

 
456

 
3,537

 
994

Refrigeration & Food Equipment
91

 
—

 
(434
)
 
10

Corporate
169

 
603

 
280

 
1,760

Total
$
11,519

 
$
1,444

 
$
38,740

 
$
7,660

 
 
 
 
 
 
 
 
These amounts are classified in the unaudited Condensed Consolidated Statements of Earnings as follows:
 
 
 
 
 
 
 
 
Cost of goods and services
$
3,943

 
$
93

 
$
13,871

 
$
1,825

Selling and administrative expenses
7,576

 
1,351

 
24,869

 
5,835

Total
$
11,519

 
$
1,444

 
$
38,740

 
$
7,660



The restructuring expenses of $11,519 and $38,740 incurred in the three and nine months ended September 30, 2015 related to restructuring programs initiated during 2015 and 2014. These programs are designed to better align the Company's costs and operations with current market conditions through targeted facility consolidations, headcount reductions and other measures to further optimize operations. The Company expects the programs currently underway to be substantially completed in the next twelve to eighteen months.

The $11,519 of restructuring charges incurred during the third quarter of 2015 primarily included the following items:

•
The Energy segment incurred restructuring charges of $6,183 related to various programs across the segment focused on workforce reductions and field and service consolidations. These programs were initiated to better align cost base with the anticipated demand environment.

•
The Engineered Systems segment recorded $3,694 of restructuring charges relating to headcount reductions across various businesses primarily related to optimization of administrative functions within the Printing & Identification platform and U.S. manufacturing consolidation within the Industrial platform.

•
The remaining segments and corporate incurred restructuring charges primarily related to headcount reductions.

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
22,174

 
16,566

 
38,740

Payments
(27,975
)
 
(8,927
)
 
(36,902
)
Foreign currency translation
(516
)
 
(345
)
 
(861
)
Other, including write-offs of fixed assets
2,210

 
(9,470
)
 
(7,260
)
Balance at September 30, 2015
$
11,251

 
$
4,487

 
$
15,738



The accrual balance at September 30, 2015 primarily reflects restructuring plans initiated during the year, as well as ongoing lease commitment obligations for facilities closed in earlier periods.