Restructuring Activities

6 Months Ended

Jun. 30, 2016

Restructuring [Abstract]

Restructuring and Related Activities Disclosure

7. 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,
	2016		2015			2016		2015
Energy	$	5,610	$	2,556		$	12,026	$	20,378
Engineered Systems	773		747			2,740		5,102
Fluids	2,764		58			7,990		2,155
Refrigeration & Food Equipment	52		(243		)	73		(525		)
Corporate	—		—			757		111
Total	$	9,199	$	3,118		$	23,586	$	27,221
These amounts are classified in the unaudited Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	4,329	$	2,474		$	10,180	$	9,928
Selling and administrative expenses	4,870		644			13,406		17,293
Total	$	9,199	$	3,118		$	23,586	$	27,221

The restructuring expenses of $9,199 and $23,586 incurred in the three and six months ended June 30, 2016 related to restructuring programs initiated during 2016 and 2015. 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 $9,199 of restructuring charges incurred during the second quarter of 2016 primarily included the following items:

• The Energy segment incurred restructuring charges of $5,610related to various programs across the segment focused on workforce reductions and field and facility consolidations. These programs were initiated to better align cost base with the anticipated demand environment.

• The Fluids segment recorded $2,764of restructuring charges principally related to headcount reductions and facility consolidations at various businesses across the segment.

• The Engineered Systems segment and Refrigeration and Food Equipment segment incurred restructuring charges related primarily to headcount reductions.

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

	Severance			Exit			Total
Balance at December 31, 2015	$	11,036		$	2,955		$	13,991
Restructuring charges	17,052			6,534			23,586
Payments	(16,973		)	(2,595		)	(19,568		)
Foreign currency translation	10			36			46
Other, including write-offs of fixed assets and acquired balances	2,374			(2,374		)	—
Balance at June 30, 2016	$	13,499		$	4,556		$	18,055

The accrual balance at June 30, 2016 primarily reflects restructuring plans initiated during the year, as well as ongoing lease commitment obligations for facilities closed in earlier periods.