Restructuring Activities

6 Months Ended

Jun. 30, 2017

Restructuring and Related Activities Disclosure

7. Restructuring Activities

The Company's restructuring charges by segment were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Engineered Systems	$	755	$	773	$	1,819	$	2,740
Fluids	1,046		2,764		4,297		7,990
Refrigeration & Food Equipment	36		52		1,549		73
Energy	6		5,610		191		12,026
Corporate	—		—		—		757
Total	$	1,843	$	9,199	$	7,856	$	23,586

These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	163	$	4,329	$	4,234	$	10,180
Selling, general and administrative expenses	1,680		4,870		3,622		13,406
Total	$	1,843	$	9,199	$	7,856	$	23,586

The restructuring expenses of $1,843 and $7,856 incurred during the three and six months ended June 30, 2017, respectively, were related to restructuring programs initiated during 2017 and 2016. 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 12 to 18 months.

The $1,843 of restructuring charges incurred during the second quarter of 2017 primarily included the following items:


•	The Engineered Systems segment recorded $755 of restructuring charges related to headcount reductions primarily within the Printing and Identification platform.


•	The Fluids segment recorded $1,046 of restructuring charges principally related to headcount reductions and facility consolidations primarily within its Fueling & Transport businesses.

The Company’s severance and exit accrual activities were as follows:



	Severance			Exit			Total
Balance at December 31, 2016	$	10,908		$	1,439		$	12,347
Restructuring charges	6,351			1,505			7,856
Payments	(10,382		)	(1,386		)	(11,768		)
Foreign currency translation	408			53			461
Other, including write-offs of fixed assets	(458		)	265			(193		)
Balance at June 30, 2017	$	6,827		$	1,876		$	8,703