Restructuring Activities

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

8. Restructuring Activities

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Engineered Products	$	2,027	$	870	$	3,008	$	9,200
Clean Energy & Fueling	3,063		1,620		4,682		3,084
Imaging & Identification	516		168		2,051		1,032
Pumps & Process Solutions	552		639		2,713		1,526
Climate & Sustainability Technologies	(85)		1,293		5,790		4,637
Corporate	1,242		200		1,537		1,182
Total	$	7,315	$	4,790	$	19,781	$	20,661

These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	2,082	$	2,194	$	3,326	$	10,940
Selling, general and administrative expenses	5,233		2,596		16,455		9,721
Total	$	7,315	$	4,790	$	19,781	$	20,661

The restructuring expenses of $7,315 and $19,781 incurred during the three and nine months ended September 30, 2022 were primarily the result of restructuring programs initiated in 2021 and 2022 in response to demand conditions and broad-based operational efficiency initiatives focusing on footprint consolidation and IT centralization.

The $7,315 of restructuring charges incurred during the third quarter of 2022 primarily included the following items:

•The Engineered Products segment recorded $2,027 of restructuring charges related primarily to headcount reductions.

•The Clean Energy & Fueling segment recorded $3,063 of restructuring charges related primarily to headcount reductions and exit costs undertaken in light of market conditions. The segment will continue to make proactive adjustments to its cost structure through restructuring and other programs to align with current demand trends.

•The Imaging & Identification segment recorded $516 of restructuring charges related primarily to headcount reductions and exit costs.

•The Pumps & Process Solutions segment recorded $552 of restructuring charges related primarily to headcount reductions.

•The Climate & Sustainability Technologies segment recorded $(85) of net restructuring reserve adjustments.

•Corporate recorded $1,242 of restructuring charges related primarily to exit costs and simplification of organizational structure.

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


	Severance		Exit			Total
Balance at December 31, 2021	$	10,730	$	3,067		$	13,797
Restructuring charges	8,421		11,360		(1)	19,781
Payments	(10,637)		(4,253)			(14,890)


Other, including foreign currency translation	(862)		(6,945)		(1)	(7,807)
Balance at September 30, 2022	$	7,652	$	3,229		$	10,881

(1) Other activity includes non-cash foreign currency translation losses recorded as restructuring charges due to the substantial liquidation of businesses in certain Latin America countries.