Restructuring

6 Months Ended

Jun. 30, 2019

Restructuring and Related Activities [Abstract]

During the year ended December 31, 2018 and the three months ended June 30, 2019, the Company recorded accruals for restructuring costs incurred as part of restructuring initiatives that supported 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 which were included in Restructuring expenses in the Condensed Consolidated Statements of Operations. 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 and six months ended June 30, 2019 were as follows:



	Severance Costs		Exit Costs		Total
Fluid & Metering Technologies	$	930	$	—	$	930
Health & Science Technologies	46		284		330
Fire & Safety/Diversified Products	819		—		819
Corporate/Other	47		—		47
Total restructuring costs	$	1,842	$	284	$	2,126

Restructuring accruals of $3.9 million and $6.2 million at June 30, 2019 and December 31, 2018, respectively, are recorded in Accrued expenses on 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 six months ended June 30, 2019 are as follows:



	Restructuring
Balance at January 1, 2019	$	6,170
Restructuring expenses	2,126
Payments, utilization and other	(4,393		)
Balance at June 30, 2019	$	3,903