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Restructuring and Related Charges | 3 Months Ended
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Nov. 30, 2017
Restructuring and Related Charges [Abstract] |
Restructuring and Related Charges | 12. Restructuring and Related Charges
| Following is a summary of the Company’s restructuring and related charges (in thousands):
|  |  |  | Three months ended |
|  |  |  | November 30, 2017 |  | November 30, 2016 |
|  | Employee severance and benefit costs | $ | 3,977 |  | $ | 19,386 |
|  | Lease costs |  | ― |  |  | 3,291 |
|  | Asset write-off costs |  | 6,812 |  |  | 12,640 |
|  | Other related costs |  | 599 |  |  | 585 |
|  |  | Total restructuring and related charges(1)(2) | $ | 11,388 |  | $ | 35,902 |
(1) Includes $5.9 million and $7.4 million recorded in the EMS segment, $4.6 million and $11.5 million recorded in the DMS segment and $0.9 million and $17.0 million of non-allocated charges for the three months ended November 30, 2017 and 2016, respectively. Except for asset write-off costs, all restructuring and related charges are cash costs. (2) Primarily relates to the 2017 Restructuring Plan. 2017 Restructuring Plan On S eptember 15, 2016, the Company’s Board of Directors formally approved a restructuring plan to better align the Company’s global capacity and administrative support infrastructure to further optimize organizational effectiveness. This action includes headcount reductions across the Company’s s elling, g eneral and a dministrative cost base and capacity realignment in higher cost locations (the “2017 Restructuring Plan”). Upon completion of the 2017 Restructuring Plan, t he Company expects to recognize approximately $195.0 million in restructuring and other related costs. The Company has incurred $164.6 million in costs-to-date as of November 30, 2017. The remaining costs for employee severance and benefit costs, asset write-off costs and other related costs are anticipated to be incurred during the remainder of fisca l year 2018.
| The tables below summarize the Company’s liability activity, primarily associated with the 2017 Restructuring Plan
(in thousands):
|  |  |  | Employee Severance |  |  |  | Asset Write-off |  | Other |  |
|  |  |  | and Benefit Costs |  | Lease Costs |  | Costs |  | Related Costs |  | Total
|  | Balance as of August 31, 2017 | $ | 33,580 |  | $ | 1,665 |  | $ | ― |  | $ | 3,143 |  | $ | 38,388
|  |  | Restructuring related charges |  | 3,977 |  |  | ― |  |  | 6,812 |  |  | 599 |  |  | 11,388
|  |  | Asset write-off charge and other |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | non-cash activity |  | (123) |  |  | ― |  |  | (6,812) |  |  | ― |  |  | (6,935)
|  |  | Cash payments |  | (9,856) |  |  | (69) |  |  | ― |  |  | (1,364) |  |  | (11,289)
|  | Balance as of November 30, 2017 | $ | 27,578 |  | $ | 1,596 |  | $ | ― |  | $ | 2,378 |  | $ | 31,552

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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