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Restructuring (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Pre-Tax Restructuring Expenses By Segment

Pre-tax restructuring expenses by segment, for 2012, were as follows:

 

     Severance
Costs
     Exit Costs      Total  
     (In thousands)  

Fluid & Metering Technologies

   $ 6,226       $ 36       $ 6,262   

Health & Science Technologies

     11,223         3,521         14,744   

Fire & Safety/Diversified Products

     3,226         5,114         8,340   

Corporate/Other

     2,844         283         3,127   
  

 

 

    

 

 

    

 

 

 

Total restructuring costs

   $ 23,519       $ 8,954       $ 32,473   
  

 

 

    

 

 

    

 

 

 

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   

Fire & Safety/Diversified Products

     4,430         797         5,227   

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   

Fire & Safety/Diversified Products

     1,230                 1,230   

Corporate/Other

     1,754                 1,754   
  

 

 

    

 

 

    

 

 

 

Total restructuring costs

   $ 9,125       $ 1,970       $ 11,095   
  

 

 

    

 

 

    

 

 

 
Schedule of Restructuring Accruals Expenses

Restructuring accruals of $10.9 million and $5.9 million at December 31, 2012 and 2011, respectively, are reflected in Accrued expenses in our Consolidated Balance Sheets as follows:

 

     2011
Initiative
    2009
Initiative
    Total  
     (In thousands)  

Balance at January 1, 2011

   $      $ 3,543      $ 3,543   

Restructuring expenses

     12,314               12,314   

Payments, utilization and other

     (6,439     (3,543     (9,982
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011

     5,875               5,875   

Restructuring expenses

     32,473               32,473   

Payments, utilization and other

     (27,461            (27,461
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2012

   $ 10,887      $      $ 10,887