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Accrued Liabilities
 12 Months Ended
Dec. 31, 2017
Accrued Liabilities [Abstract]  
Accrued Liabilities Disclosure [Text Block]
Accrued Liabilities

Accrued liabilities in the Consolidated Balance Sheets consisted of the following:

 
December 31,
 
2017
 
2016
 
(In thousands)
Accrued payroll
$
98,132

 
$
87,045

Accrued taxes
53,939

 
35,429

Accrued asbestos-related liability
50,311

 
51,166

Warranty liability - current portion
32,428

 
29,233

Accrued restructuring liability - current portion
12,509

 
10,783

Accrued third-party commissions
14,014

 
10,432

Other
97,299

 
87,238

Accrued liabilities
$
358,632

 
$
311,326



Accrued Restructuring Liability

The Company’s restructuring programs include a series of restructuring actions to reduce the structural costs of the Company. A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Consolidated Balance Sheets is as follows:

 
Year Ended December 31, 2017
 
Balance at Beginning of Period
 
Provisions
 
Payments
 
Foreign Currency Translation
 
Balance at End of Period(3)
 
(In thousands)
Restructuring and other related charges:
Air and Gas Handling:
 
 
 
 
 
 
 
 
 
Termination benefits(1)
$
4,855

 
$
21,605

 
$
(14,929
)
 
$
507

 
$
12,038

Facility closure costs(2)
1,234

 
3,961

 
(5,397
)
 
(15
)
 
(217
)
 
6,089

 
25,566

 
(20,326
)
 
492

 
11,821

   Non-cash charges(2)
 
 
26,628

 
 
 
 
 
 
 
 
 
52,194

 
 
 
 
 
 
Fabrication Technology:
 
 
 
 
 
 
 
 
 
Termination benefits(1)
3,712

 
5,590

 
(8,732
)
 
90

 
660

Facility closure costs(2)
981

 
6,198

 
(7,150
)
 
13

 
42

 
4,693

 
11,788

 
(15,882
)
 
103

 
702

   Non-cash charges(2)
 
 
4,369

 
 
 
 
 
 
 
 
 
16,157

 
 
 
 
 
 
Corporate and Other:
 
 
 
 
 
 
 
 
 
Facility closure costs(2)
203

 
—

 
(133
)
 
14

 
84

 
203

 
—

 
(133
)
 
14

 
84

   Total
$
10,985

 
37,354

 
$
(36,341
)
 
$
609

 
$
12,607

   Non-cash charges(2)
 
 
30,997

 
 
 
 
 
 
 
 
 
$
68,351

 
 
 
 
 
 
 
(1) Includes severance and other termination benefits, including outplacement services. The Company recognizes the cost of involuntary termination benefits at the communication date or ratably over any remaining expected future service period. Voluntary termination benefits are recognized as a liability and an expense when employees accept the offer and the amount can be reasonably estimated.
(2) Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities. During the year ended December 31, 2017, the Company recorded a $4.4 million non-cash impairment charge for a facility in our Fabrication Technology segment, that was previously closed as part of restructuring activities. The Company recorded a $26.6 million non-cash impairment charge for a facility in our Air and Gas Handling segment as part of the Corporate approved restructuring activities.
(3) As of December 31, 2017, $12.5 million and $0.1 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.

 
Year Ended December 31, 2016
 
Balance at Beginning of Period
 
Provisions
 
Payments
 
Foreign Currency Translation
 
Balance at End of Period(3)
 
(In thousands)
Restructuring and other related charges:
Air and Gas Handling:
 
 
 
 
 
 
 
 
 
Termination benefits(1)
$
5,656

 
$
13,599

 
$
(14,502
)
 
$
102

 
$
4,855

Facility closure costs(2)
894

 
9,159

 
(8,702
)
 
(117
)
 
1,234

 
6,550

 
22,758

 
(23,204
)
 
(15
)
 
6,089

Non-cash charges
 
 
3,668

 
 
 
 
 
 
 
 
 
26,426

 
 
 
 
 
 
Fabrication Technology:
 
 
 
 
 
 
 
 
 
Termination benefits(1)
6,031

 
23,104

 
(25,263
)
 
(160
)
 
3,712

Facility closure costs(2)
426

 
7,261

 
(6,611
)
 
(95
)
 
981

 
6,457

 
30,365

 
(31,874
)
 
(255
)
 
4,693

Non-cash charges
 
 
1,323

 
 
 
 
 
 
 
 
 
31,688

 
 
 
 
 
 
Corporate and Other:
 
 
 
 
 
 
 
 
 
Facility closure costs(2)
625

 
—

 
(344
)
 
(78
)
 
203

 
625

 
—

 
(344
)
 
(78
)
 
203

   Total
$
13,632

 
53,123

 
$
(55,422
)
 
$
(348
)
 
$
10,985

Non-cash charges(2)
 
 
4,991

 
 
 
 
 
 
 
 
 
$
58,114

 
 
 
 
 
 
 
(1) Includes severance and other termination benefits, including outplacement services. The Company recognizes the cost of involuntary termination benefits at the communication date or ratably over any remaining expected future service period. Voluntary termination benefits are recognized as a liability and an expense when employees accept the offer and the amount can be reasonably estimated.
(2) Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities.
(3) As of December 31, 2016, $10.8 million and $0.2 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.
    
The Company expects to incur Restructuring and other related charges of approximately $32.9 million during the year ending December 31, 2018 related to its restructuring activities.