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Restructuring Activities (Tables)
3 Months Ended
Mar. 31, 2015
Restructuring [Abstract]  
Schedule of Restructuring and Related Costs
The following table details restructuring charges incurred by segment for the periods presented:
 
Three Months Ended March 31,
 
2015
 
2014
Energy
$
17,822

 
$
71

Engineered Systems
4,355

 
1,785

Fluids
2,097

 
905

Refrigeration & Food Equipment
(282
)
 

Corporate
111

 
509

Total
$
24,103

 
$
3,270

 
 
 
 
These amounts are classified in the unaudited Condensed Consolidated Statements of Earnings as follows:
 
 
 
 
Cost of goods and services
$
7,454

 
$
543

Selling and administrative expenses
16,649

 
2,727

Total
$
24,103

 
$
3,270

Schedule of Restructuring Reserve by Type of Cost
The following table details the Company’s severance and other restructuring accrual activity:
 
Severance
 
Exit
 
Total
Balance at December 31, 2014
$
15,358

 
$
6,663

 
$
22,021

Restructuring charges
13,354

 
10,749

 
24,103

Payments
(17,947
)
 
(4,540
)
 
(22,487
)
Other, including foreign currency
(532
)
 
(4,465
)
 
(4,997
)
Balance at March 31, 2015
$
10,233

 
$
8,407

 
$
18,640