Restructuring Expenses and Asset Impairments (Tables)

12 Months Ended

Dec. 31, 2020

Restructuring Costs and Asset Impairment Charges [Abstract]

Schedule of Pre-Tax Restructuring Expenses by Segment

Pre-tax restructuring expenses and asset impairments by segment for the 2020 initiative were as follows:

	Severance Costs		Exit Costs		Asset Impairments		Total
	(In thousands)
Fluid & Metering Technologies	$	2,939	$	165	$	2,476	$	5,580
Health & Science Technologies	2,742		—		—		2,742
Fire & Safety/Diversified Products	2,524		—		—		2,524
Corporate/Other	319		—		611		930
Total restructuring costs	$	8,524	$	165	$	3,087	$	11,776

Pre-tax restructuring expenses and asset impairments by segment for the 2019 initiative were as follows:

	Severance Costs		Exit Costs		Asset Impairments		Total
	(In thousands)
Fluid & Metering Technologies	$	2,879	$	—	$	—	$	2,879
Health & Science Technologies	3,000		1,094		10,155		14,249
Fire & Safety/Diversified Products	1,364		—		—		1,364
Corporate/Other	2,552		—		—		2,552
Total restructuring costs	$	9,795	$	1,094	$	10,155	$	21,044

Pre-tax restructuring expenses and asset impairments by segment for the 2018 initiative were as follows:

	Severance Costs		Exit Costs		Total
	(In thousands)
Fluid & Metering Technologies	$	2,305	$	153	$	2,458
Health & Science Technologies	5,454		450		5,904
Fire & Safety/Diversified Products	2,184		—		2,184
Corporate/Other	1,537		—		1,537
Total restructuring costs	$	11,480	$	603	$	12,083

Schedule of Restructuring Accruals Expenses

Restructuring accruals of $3.9 million and $6.1 million at December 31, 2020 and 2019, respectively, are reflected in Accrued expenses in our Consolidated Balance Sheets as follows:

	Restructuring Initiatives
	(In thousands)
Balance at January 1, 2019	$	6,170
Restructuring expenses	21,044
Payments, utilization and other	(21,104)
Balance at December 31, 2019	6,110
Restructuring expenses (1)	8,837
Payments, utilization and other	(11,079)
Balance at December 31, 2020	$	3,868

(1) Excludes $2.9 million of asset impairments related to property, plant and equipment and right-of-use assets.