Restructuring Activities

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

8. Restructuring Activities

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Engineered Products	$	3,938	$	524	$	4,477	$	981
Clean Energy & Fueling	5,847		1,423		15,991		1,619
Imaging & Identification	865		344		1,204		1,535
Pumps & Process Solutions	3,303		1,476		4,629		2,161
Climate & Sustainability Technologies	1,205		159		1,447		5,875
Corporate	1,241		383		1,127		295
Total	$	16,399	$	4,309	$	28,875	$	12,466

These amounts are classified in the condensed consolidated statements of earnings as follows:
Cost of goods and services	$	5,682	$	1,037	$	9,155	$	1,244
Selling, general and administrative expenses	10,717		3,272		19,720		11,222
Total	$	16,399	$	4,309	$	28,875	$	12,466

The restructuring expenses of $16,399 and $28,875 incurred during the three and six months ended June 30, 2023 were primarily related to headcount reductions and exit costs in the Clean Energy & Fueling, Engineered Products and Pumps & Process Solutions segments. These restructuring programs were initiated in 2022 and 2023 and were undertaken in light of current market conditions. The Company will continue to make proactive adjustments to its cost structure through restructuring and other programs to align with current demand trends.

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


	Severance		Exit		Total
Balance at January 1, 2023	$	12,007	$	2,503	$	14,510
Restructuring charges	22,204		6,671		28,875
Payments	(14,441)		(4,747)		(19,188)


Other, including foreign currency translation	422		(740)		(318)
Balance at June 30, 2023	$	20,192	$	3,687	$	23,879