Restructuring

During the first quarter of 2018, the Company recorded restructuring costs of $1.6 million as part of restructuring initiatives that support the implementation of key strategic efforts designed to facilitate long-term, sustainable growth through cost reduction actions, primarily consisting of employee reductions and facility rationalization. The restructuring costs included severance benefits and exit costs. The costs incurred related to these initiatives were included in Restructuring expenses in the Condensed Consolidated Statements of Operations while the related accruals were included in Accrued expenses in the Condensed Consolidated Balance Sheets. Severance costs primarily consisted of severance benefits through payroll continuation, COBRA subsidies, outplacement services, conditional separation costs and employer tax liabilities, while exit costs primarily consisted of asset disposals or impairments and lease exit and contract termination costs.

Pre-tax restructuring expenses by segment for the three months ended March 31, 2018 are as follows:



	Severance Costs		Exit Costs		Total
Fluid & Metering Technologies	$	143	$	—	$	143
Health & Science Technologies	967		92		1,059
Fire & Safety/Diversified Products	100		—		100
Corporate/Other	340		—		340
Total restructuring costs	$	1,550	$	92	$	1,642

Restructuring accruals of $3.4 million and $4.2 million at March 31, 2018 and December 31, 2017, respectively, are recorded in Accrued expenses in the Condensed Consolidated Balance Sheets. Severance benefits are expected to be paid by the end of the year using cash from operations. The changes in the restructuring accrual for the three months ended March 31, 2018 are as follows:



	Restructuring
Balance at January 1, 2018	$	4,180
Restructuring expenses	1,642
Payments, utilization and other	(2,407		)
Balance at March 31, 2018	$	3,415