Restructuring Activities

9 Months Ended

Sep. 30, 2016

Restructuring [Abstract]

Restructuring and Related Activities Disclosure

7. Restructuring Activities

The following table details restructuring charges incurred by segment for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Energy	$	5,170	$	6,183	$	17,196	$	26,561
Engineered Systems	1,293		3,694		4,033		8,796
Fluids	1,139		1,382		9,129		3,537
Refrigeration & Food Equipment	146		91		219		(434		)
Corporate	—		169		757		280
Total	$	7,748	$	11,519	$	31,334	$	38,740
These amounts are classified in the unaudited Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	2,771	$	3,943	$	12,951	$	13,871
Selling and administrative expenses	4,977		7,576		18,383		24,869
Total	$	7,748	$	11,519	$	31,334	$	38,740

The restructuring expenses of $7,748 and $31,334 incurred in the three and nine months ended September 30, 2016, respectively, are related to restructuring programs initiated during 2016 and 2015. These programs are designed to better align the Company's costs and operations with current market conditions through targeted facility consolidations, headcount reductions and other measures to further optimize operations. The Company expects the programs currently underway to be substantially completed in the next twelve to eighteen months.

The $7,748 of restructuring charges incurred during the third quarter of 2016 primarily included the following items:

• The Energy segment recorded $5,170of restructuring charges related to various programs across the segment focused on workforce reductions and field and facility consolidations. These programs were initiated to better align cost base with the current demand environment.

• The Engineered Systems segment recorded $1,293of restructuring charges related to headcount reductions across various businesses primarily related to optimization of administrative functions within the Printing & Identification platform and U.S. manufacturing consolidation within the Industrial platform.

• The Fluids segment recorded $1,139of restructuring charges principally related to headcount reductions and facility consolidations at various businesses across the segment.

• The Refrigeration & Food Equipment segment recorded $146of restructuring charges related primarily to headcount reductions.

The following table details the Company’s severance and other restructuring accrual activity:

	Severance			Exit			Total
Balance at December 31, 2015	$	11,036		$	2,955		$	13,991
Restructuring charges	23,867			7,467			31,334
Payments	(25,064		)	(4,524		)	(29,588		)
Foreign currency translation	101			47			148
Other, including write-offs of fixed assets and acquired balances	1,929			(2,403		)	(474		)
Balance at September 30, 2016	$	11,869		$	3,542		$	15,411

The accrual balance at September 30, 2016 primarily reflects restructuring plans initiated during the year, as well as ongoing lease commitment obligations for facilities closed in earlier periods.