Restructuring Activities

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Engineered Products	$	1,062	$	991	$	4,093	$	2,969
Clean Energy & Fueling	2,842		8,544		7,286		15,434
Imaging & Identification	355		1,804		843		4,645
Pumps & Process Solutions	1,711		964		6,302		3,929
Climate & Sustainability Technologies	4,500		1,238		13,310		14,261
Corporate	133		296		608		391
Total	$	10,603	$	13,837	$	32,442	$	41,629
These amounts are classified in the condensed consolidated statements of earnings as follows:
Cost of goods and services	$	4,272	$	7,768	$	18,728	$	26,908
Selling, general and administrative expenses	6,331		6,069		13,714		14,721
Total	$	10,603	$	13,837	$	32,442	$	41,629

The restructuring expenses of $10,603 and $32,442 incurred during the three and nine months ended September 30, 2025, respectively, were primarily related to exit costs and headcount reductions in the Climate & Sustainability Technologies, Clean Energy & Fueling, and Pumps & Process Solutions 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	15,696		16,746		(1)	32,442
Payments	(18,445)		(10,365)			(28,810)
Other, including foreign currency translation	1,879		(8,532)		(1)	(6,653)
Balance at September 30, 2025	$	12,674	$	3,740		$	16,414

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