2.	Restructuring

The Company has recorded restructuring costs as a result of cost reduction efforts and facility closings. Accruals have been recorded based on these costs and primarily consist of employee termination benefits. We record expenses for employee termination benefits based on the guidance of Accounting Standards Codification ("ASC") 420, "Exit or Disposal Cost Obligations." These expenses were included in Restructuring expenses in the Consolidated Statements of Operations while the related restructuring accruals are included in Accrued expenses in the Consolidated Balance Sheets.

During the three and six months ended June 30, 2010, the Company recorded $1.0 million and $2.9 million, respectively, of pre-tax restructuring expenses related to its 2009 restructuring initiative for employee severance related to employee reductions across various functional areas as well as facility closures resulting from the Company's cost savings initiatives.

Pre-tax restructuring expenses, by segment, for the three months ended June 30, 2010 were as follows:


	Severance Costs		Exit Costs		Total
	(in thousands)
Fluid & Metering Technologies	$	360	$	184	$	544
Health & Science Technologies		337		—		337
Dispensing Equipment		5		—		5
Fire & Safety/Diversified Products		125		—		125
Corporate office and other		—		20		20

Total restructuring costs	$	827	$	204	$	1,031

Pre-tax restructuring expenses, by segment, for the six months ended June 30, 2010 were as follows:


	Severance Costs		Exit Costs		Total
	(in thousands)
Fluid & Metering Technologies	$	711	$	202	$	913
Health & Science Technologies		846		54		900
Dispensing Equipment		120		—		120
Fire & Safety/Diversified Products		477		—		477
Corporate office and other		396		92		488

Total restructuring costs	$	2,550	$	348	$	2,898

Restructuring accruals of $1.0 million and $3.5 million as of June 30, 2011 and December 31, 2010, respectively, are reflected in Accrued expenses in the Consolidated Balance Sheets as follows:


	(In thousands)
Balance at January 1, 2011	$	3,543
Payments/Utilization		(2,502	)

Balance at June 30, 2011	$	1,041

The remainder of the restructuring accrual is expected to be paid by the end of 2011.