Restructuring Activities

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Restructuring Activities

9. Restructuring Activities

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Engineered Products	$	563	$	1,486	$	3,031	$	1,978
Clean Energy & Fueling	2,676		1,925		4,444		6,890
Imaging & Identification	319		2,081		488		2,841
Pumps & Process Solutions	2,646		1,614		4,591		2,965
Climate & Sustainability Technologies	7,144		1,953		8,810		13,023
Corporate	181		78		475		95
Total	$	13,529	$	9,137	$	21,839	$	27,792
These amounts are classified in the condensed consolidated statements of earnings as follows:
Cost of goods and services	$	10,136	$	5,217	$	14,456	$	19,140
Selling, general and administrative expenses	3,393		3,920		7,383		8,652
Total	$	13,529	$	9,137	$	21,839	$	27,792

The restructuring expenses of $13,529 and $21,839 incurred during the three and six months ended June 30, 2025, respectively, were primarily related to exit costs and headcount reductions in the Climate & Sustainability Technologies, Pumps & Process Solutions and Clean Energy & Fueling segments. These restructuring programs were initiated in 2024 and 2025 and the Company will continue to make proactive adjustments to its cost structure to align with current demand trends.

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

	Severance		Exit			Total
Balance at January 1, 2025	$	13,544	$	5,891		$	19,435
Restructuring charges	10,423		11,416		(1)	21,839
Payments	(13,356)		(4,935)			(18,291)
Other, including foreign currency translation	2,039		(7,893)		(1)	(5,854)
Balance at June 30, 2025	$	12,650	$	4,479		$	17,129

(1) Exit reserves activity includes non-cash asset charges related to a product line exit within the Climate & Sustainability Technologies segment.