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Restructuring

3 Months Ended

Mar. 31, 2012

5.	Restructuring

During 2011, we announced and initiated certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. These initiatives included the reduction in hourly and salaried headcount of approximately 210 employees, which included 160 in Water & Fluid Solutions and 50 in Technical Products.

Restructuring accrual activity recorded on the Condensed Consolidated Balance Sheets is summarized as follows for the three months ended March 31, 2012, and April 2, 2011, and for the year ended December 31, 2011.


*In thousands*	March 31, 2012			December 31, 2011			April 2, 2011

Beginning balance	$	12,805		$	3,994		$	3,994
Costs incurred		—			11,500			—
Cash payments and other		(4,885	)		(2,689	)		(866)

Ending balance	$	7,920		$	12,805		$	3,128

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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