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Restructuring and Related Charges

3 Months Ended

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 September 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 selling, general and administrative cost base and capacity realignment in higher cost locations (the “2017 Restructuring Plan”).

Upon completion of the 2017 Restructuring Plan, the 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 fiscal 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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- References

No definition available.

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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

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