Restructuring Activities

3 Months Ended

Mar. 31, 2017

Restructuring [Abstract]

Restructuring and Related Activities Disclosure

7. Restructuring Activities

The Company's restructuring charges by segment were as follows:

	Three Months Ended March 31,
	2017		2016
Energy	$	185	$	6,416
Engineered Systems	1,064		1,967
Fluids	3,251		5,226
Refrigeration & Food Equipment	1,513		21
Corporate	—		757
Total	$	6,013	$	14,387
These amounts are classified in the unaudited Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	4,071	$	5,851
Selling, general and administrative expenses	1,942		8,536
Total	$	6,013	$	14,387

The restructuring expenses of $6,013 incurred during the three months ended March 31, 2017 were related to restructuring programs initiated during 2017 and 2016. 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 12 to 18 months.

The $6,013 of restructuring charges incurred during the first quarter of 2017 primarily included the following items:

• The Engineered Systems segment recorded $1,064of restructuring charges related to headcount reduction and facility consolidations primarily within the Industrial platform.

• The Fluids segment recorded $3,251of restructuring charges principally related to operational synergies, headcount reductions and facility consolidations at various businesses across the segment.

• The Refrigeration & Food Equipment segment recorded $1,513of restructuring charges related primarily to facility consolidations.

The Company’s severance and exit accrual activities were as follows:

	Severance			Exit			Total
Balance at December 31, 2016	$	10,908		$	1,439		$	12,347
Restructuring charges	4,686			1,327			6,013
Payments	(7,514		)	(1,196		)	(8,710		)
Foreign currency translation	212			35			247
Other, including write-offs of fixed assets	(627		)	(301		)	(928		)
Balance at March 31, 2017	$	7,665		$	1,304		$	8,969