Restructuring Activities

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

11. Restructuring Activities

The Company initiated various restructuring programs and incurred severance and other restructuring costs by segment as follows:


	Years Ended December 31,
	2021		2020		2019
Engineered Products	$	9,507	$	10,307	$	3,155
Clean Energy & Fueling	3,609		6,681		4,943
Imaging & Identification	4,589		5,946		6,426
Pumps & Process Solutions	1,911		13,374		5,666
Climate & Sustainability Technologies	5,068		4,015		3,671
Corporate	2,021		4,145		2,961
Total	$	26,705	$	44,468	$	26,822
These amounts are classified in the Consolidated Statements of Earnings as follows:
Cost of goods and services	$	12,895	$	18,895	$	8,910
Selling, general and administrative expenses	13,810		25,573		17,912

Total	$	26,705	$	44,468	$	26,822

Total restructuring charges of $26,705 incurred during the year ended December 31, 2021, were primarily a result of restructuring programs initiated in 2020 and 2021 in response to demand conditions, asset charges related to a product line exit, as well as broad-based operational efficiency initiatives focusing on footprint consolidation and IT centralization. Additional programs, beyond the scope of the announced programs may be implemented during 2022 with related restructuring charges.

The $26,705 of restructuring charges incurred during 2021 primarily included the following items:

•The Engineered Products segment recorded $9,507 of restructuring charges related primarily to asset charges related to a product line exit.

•The Clean Energy & Fueling segment recorded $3,609 of restructuring charges primarily due to asset charges, headcount reductions and facility exit costs.

•The Imaging & Identification segment recorded $4,589 of restructuring charges related primarily to headcount reductions.

•The Pumps & Process Solutions segment recorded $1,911 of restructuring charges related primarily to headcount reductions and asset charges.

•The Climate & Sustainability Technologies segment recorded $5,068 of restructuring charges related primarily to headcount reductions and asset charges.

•Corporate recorded $2,021 of restructuring charges primarily related to exit costs related to IT centralization initiatives.

Restructuring expenses incurred in 2020 and 2019 also included headcount reduction, targeted facility consolidations at certain businesses, and actions taken to optimize the Company's cost structure.

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


	Severance		Exit			Total
Balance at January 1, 2019	$	24,284	$	3,880		$	28,164
Restructuring charges	20,271		6,551			26,822
Payments	(29,887)		(3,383)			(33,270)
Other, including foreign currency translation	(917)		(4,409)		(1)	(5,326)
Balance at December 31, 2019	13,751		2,639			16,390
Restructuring charges	25,716		18,752			44,468
Payments	(29,768)		(6,035)			(35,803)
Other, including foreign currency translation	848		(10,990)		(1)	(10,142)
Balance at December 31, 2020	10,547		4,366			14,913
Restructuring charges	11,561		15,144			26,705
Payments	(10,951)		(6,171)			(17,122)
Other, including foreign currency translation	(427)		(10,272)		(2)	(10,699)
Balance at December 31, 2021	$	10,730	$	3,067		$	13,797

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

(2) Other activity in exit reserves primarily represents asset charges related to product line exit.

The restructuring accrual balances at December 31, 2021 primarily reflect restructuring plans initiated during the year.