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Restructuring
 9 Months Ended
Sep. 30, 2014
Restructuring and Related Activities [Abstract]  
Restructuring
Restructuring
2014 Repositioning Actions
The Company recorded pre-tax restructuring charges of $9.6 million in 2014 of severance and other cash-related restructuring costs and $0.2 million of non-cash restructuring costs related to asset write-downs, including $4.0 million related to the consolidation of a facility in the U.K. in the Fluid Handling segment and $5.8 million associated with certain facility consolidation activities in the Aerospace & Electronics segment. These charges primarily included severance and move costs related to the transfer of certain manufacturing operations. The Company expects these repositioning actions to result in workforce reductions of approximately 180 employees, or about 2% of the Company’s global workforce.
The following table summarizes the accrual balances related to these cash-related restructuring charges: 
(in thousands)
Balance at December 31, 2013
 
Expense
 
Utilization
 
Balance at September 30, 2014
Fluid Handling
 
 
 
 
 
 
 
Severance
$
—

 
$
3,592

 
$
(424
)
 
$
3,168

Other
—

 
232

 
(211
)
 
21

Total Fluid Handling
$
—


$
3,824


$
(635
)

$
3,189

 
 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
 
 
Severance
$
—

 
$
3,688

 
$
(1,589
)
 
$
2,099

Other
—

 
2,087

 
(1,735
)
 
352

Total Aerospace & Electronics
$
—


$
5,775


$
(3,324
)

$
2,451

Total Restructuring
$
—


$
9,599


$
(3,959
)

$
5,640


Related to the 2014 repositioning actions, the Company recorded $0.8 million and $0.9 million for the three and nine months ended September 30, 2014, respectively, for additional costs incurred as a direct result of the facility consolidation activities within the Fluid Handling segment and recorded $0.5 million and $0.9 million for the three and nine months ended September 30, 2014, respectively, for additional costs incurred as a direct result of the facility consolidation activities within the Aerospace & Electronics segment.
The Company expects to incur additional restructuring and related charges of approximately $1 million to complete these actions.
Acquisition-Related Restructuring
In 2014, the Company recorded pre-tax restructuring charges of $5.6 million of severance and other cash-related restructuring costs and $0.1 million of non-cash restructuring costs related to asset write-downs related to the December 2013 acquisition of MEI in the Company's Payment & Merchandising Technologies segment. The Company expects these 2014 actions to result in workforce reductions of approximately 60 employees, or less than 1% of the Company’s global workforce.
The following table summarizes the accrual balances related to these cash-related restructuring charges: 
(in thousands)
Balance at December 31, 2013
 
Expense
 
Utilization
 
Balance at September 30, 2014
Payment & Merchandising Technologies
 
 
 
 
 
 
 
Severance
$
—

 
$
5,568

 
$
(2,704
)
 
$
2,864

Total Restructuring
$
—

 
$
5,568

 
$
(2,704
)
 
$
2,864


The Company does not expect to incur additional restructuring and related charges to complete these actions.