Restructuring Activities

6 Months Ended

Jun. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

9. Restructuring Activities

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Engineered Products	$	4,160	$	1,122	$	4,518	$	1,201
Fueling Solutions	911		1,776		2,386		2,514
Imaging & Identification	(522)		1,386		(266)		1,677
Pumps & Process Solutions	4,706		501		8,552		882
Refrigeration & Food Equipment	2,213		227		2,773		1,639
Corporate	816		726		1,662		761
Total	$	12,284	$	5,738	$	19,625	$	8,674

These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	7,557	$	1,183	$	9,099	$	2,362
Selling, general and administrative expenses	4,727		4,555		10,526		6,312
Total	$	12,284	$	5,738	$	19,625	$	8,674

The restructuring expenses of $12,284 and $19,625 incurred during the three and six months ended June 30, 2020, respectively, were a result of restructuring programs initiated primarily in 2020. Restructuring expense was comprised primarily of new actions in response to lower demand driven by COVID-19 and continuing broad-based selling, general and administrative expense reduction initiatives and broad-based operational efficiency initiatives focusing on footprint consolidation, and operational optimization and IT centralization. Additional programs, beyond the scope of the announced programs, may be implemented during 2020 with related restructuring charges.

The $12,284 of restructuring charges incurred during the second quarter of 2020 primarily included the following items:

•The Engineered Products segment recorded $4,160 of restructuring charges principally related to headcount reductions.

•The Fueling Solutions segment recorded $911 of restructuring charges primarily due to facility restructuring costs.

•The Imaging & Identification segment recorded a restructuring benefit of $522 principally related to updated headcount reduction estimates.

•The Pumps & Process Solutions segment recorded $4,706 of restructuring expense primarily due to headcount reductions and facility restructuring costs.

•The Refrigeration & Food Equipment segment recorded $2,213 of restructuring expense primarily due to headcount reductions and facility restructuring costs.

•Corporate recorded $816 of restructuring charges primarily related to headcount reductions and associated exit costs related to IT centralization initiatives.

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


	Severance		Exit			Total
Balance at December 31, 2019	$	13,751	$	2,639		$	16,390
Restructuring charges	13,714		5,911			19,625
Payments	(17,070)		(2,293)			(19,363)


Other, including foreign currency translation	372		(4,045)		⁽¹⁾	(3,673)
Balance at June 30, 2020	$	10,767	$	2,212		$	12,979

⁽¹⁾ Other activity in exit reserves primarily represents the non-cash write-off of certain long-lived assets in connection with certain facility closures.