XML 45 R35.htm IDEA: XBRL DOCUMENT v3.3.0.814
Restructuring Activities (Tables)
 9 Months Ended
Sep. 30, 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 September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Energy
$
6,183

 
$
213

 
$
26,561

 
$
1,703

Engineered Systems
3,694

 
172

 
8,796

 
3,193

Fluids
1,382

 
456

 
3,537

 
994

Refrigeration & Food Equipment
91

 
—

 
(434
)
 
10

Corporate
169

 
603

 
280

 
1,760

Total
$
11,519

 
$
1,444

 
$
38,740

 
$
7,660

 
 
 
 
 
 
 
 
These amounts are classified in the unaudited Condensed Consolidated Statements of Earnings as follows:
 
 
 
 
 
 
 
 
Cost of goods and services
$
3,943

 
$
93

 
$
13,871

 
$
1,825

Selling and administrative expenses
7,576

 
1,351

 
24,869

 
5,835

Total
$
11,519

 
$
1,444

 
$
38,740

 
$
7,660
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
22,174

 
16,566

 
38,740

Payments
(27,975
)
 
(8,927
)
 
(36,902
)
Foreign currency translation
(516
)
 
(345
)
 
(861
)
Other, including write-offs of fixed assets
2,210

 
(9,470
)
 
(7,260
)
Balance at September 30, 2015
$
11,251

 
$
4,487

 
$
15,738