Restructuring Activities

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

8. Restructuring Activities

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Engineered Products	$	524	$	4,339	$	981	$	8,330
Clean Energy & Fueling	1,423		1,415		1,619		1,464
Imaging & Identification	344		174		1,535		864
Pumps & Process Solutions	1,476		904		2,161		887
Climate & Sustainability Technologies	159		2,283		5,875		3,344
Corporate	383		321		295		982
Total	$	4,309	$	9,436	$	12,466	$	15,871

These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	1,037	$	4,839	$	1,244	$	8,746
Selling, general and administrative expenses	3,272		4,597		11,222		7,125
Total	$	4,309	$	9,436	$	12,466	$	15,871

The restructuring expenses of $4,309 and $12,466 incurred during the three and six months ended June 30, 2022 were primarily the result of restructuring programs initiated in 2021 and 2022 in response to demand conditions and broad-based operational efficiency initiatives focusing on footprint consolidation and IT centralization.

The $4,309 of restructuring charges incurred during the second quarter of 2022 primarily included the following items:

•The Engineered Products segment recorded $524 of restructuring charges related primarily to headcount reductions and exit costs.

•The Clean Energy & Fueling segment recorded $1,423 of restructuring charges primarily due to headcount reductions and exit costs.

•The Imaging & Identification segment recorded $344 of restructuring charges related primarily to headcount reductions and asset charges.

•The Pumps & Process Solutions segment recorded $1,476 of restructuring charges related primarily to headcount reductions.

•The Climate & Sustainability Technologies segment recorded $159 of restructuring charges related primarily to headcount reductions.

•Corporate recorded $383 of restructuring charges related primarily to simplification of organizational structure and headcount reductions.

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


	Severance		Exit			Total
Balance at December 31, 2021	$	10,730	$	3,067		$	13,797
Restructuring charges	3,838		8,628		(1)	12,466
Payments	(6,837)		(1,941)			(8,778)


Other, including foreign currency translation	(226)		(7,075)		(1)	(7,301)
Balance at June 30, 2022	$	7,505	$	2,679		$	10,184

(1) Other activity includes non-cash foreign currency translation losses recorded as restructuring charges due to the substantial liquidation of businesses in certain Latin America countries.