2.	Restructuring

During 2011 and 2010 the Company recorded restructuring costs as a result of 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 costs incurred related to these initiatives are included in Restructuring expenses in the Consolidated Statements of Operations while the restructuring accruals are included in Accrued expenses in our Consolidated Balance Sheets.

2011 Initiatives

During 2011, the Company recorded $12.3 million of pre-tax restructuring expenses for exit costs and employee severance related to employee reductions across various functional areas as well as facility rationalization. The 2011 restructuring initiative included severance benefits for 292 employees.

2009 Initiatives

During 2010, the Company recorded $11.1 million of pre-tax restructuring expenses related to our 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. The 2009 restructuring initiative included severance benefits for over 700 employees.

Pre-tax restructuring expenses, by segment, for 2011, were as follows:


	Severance Costs		Exit Costs		Total
	(In thousands)
Fluid & Metering Technologies	$	2,800	$	61	$	2,861
Health & Science Technologies		2,007		123		2,130
Dispensing Equipment		2,948		797		3,745
Fire & Safety/Diversified Products		1,482		—		1,482
Corporate/Other		2,096		—		2,096

Total restructuring costs	$	11,333	$	981	$	12,314

Pre-tax restructuring expenses, by segment, for 2010, were as follows:


	Severance Costs		Exit Costs		Total
	(In thousands)
Fluid & Metering Technologies	$	2,630	$	320	$	2,950
Health & Science Technologies		3,511		1,650		5,161
Dispensing Equipment		641		—		641
Fire & Safety/Diversified Products		589		—		589
Corporate/Other		1,754		—		1,754

Total restructuring costs	$	9,125	$	1,970	$	11,095

Pre-tax restructuring expenses, by segment, for 2009, were as follows:


	Severance Costs		Exit Costs		Total
	(In thousands)
Fluid & Metering Technologies	$	2,694	$	1,364	$	4,058
Health & Science Technologies		2,201		1,303		3,504
Dispensing Equipment		1,155		860		2,015
Fire & Safety/Diversified Products		1,308		—		1,308
Corporate/Other		488		706		1,194

Total restructuring costs	$	7,846	$	4,233	$	12,079


	Severance Costs		Exit Costs		Total
	(In thousands)
Fluid & Metering Technologies	$	2,694	$	1,364	$	4,058
Health & Science Technologies		2,201		1,303		3,504
Dispensing Equipment		1,155		860		2,015
Fire & Safety/Diversified Products		1,308		—		1,308
Corporate/Other		488		706		1,194

Total restructuring costs	$	7,846	$	4,233	$	12,079

Restructuring accruals of $5.9 million and $3.5 million at December 31, 2011 and 2010, respectively, are reflected in Accrued expenses in our Consolidated Balance Sheets as follows:


	2011 Initiative			2009 Initiative			Total
	(In thousands)
Balance at January 1, 2010	$	—		$	6,878		$	6,878
Restructuring expenses		—			11,095			11,095
Payments/utilization		—			(14,430	)		(14,430	)

Balance at December 31, 2010		—			3,543			3,543
Restructuring expenses		12,314			—			12,314
Payments/utilization		(6,439	)		(3,543	)		(9,982	)

Balance at December 31, 2011	$	5,875		$	—		$	5,875