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Restructuring
9 Months Ended
Sep. 30, 2011
Restructuring [Abstract] 
Restructuring
15. Restructuring

In the fourth quarter of 2010, the Company recorded pre-tax restructuring and related charges in the business segments totaling approximately $7.9 million. These charges are primarily associated with the December 2010 acquisition of Money Controls (included in the Merchandising Systems segment) and facility consolidation costs in the Fluid Handling segment. The restructuring charges primarily reflect headcount reductions (cash costs), all of which are expected to be completed during 2011. The Company does not expect to incur additional significant charges in 2011 related to these activities.

The following table summarizes the accrual balances related to these activities:

 

(in millions)

   December 31,
2010
     (Income)/
Expense
    Utilization     September 30,
2011
 

Severance

   $ 7.5       $ (0.5   $ (1.2   $ 5.8   

Other

     —           —          —          —     
  

 

 

    

 

 

   

 

 

   

 

 

 

Total

   $ 7.5       $ (0.5   $ (1.2   $ 5.8