XML 57 R42.htm IDEA: XBRL DOCUMENT v3.20.2
Restructuring, Severance and Related Charges (Tables)
12 Months Ended
Aug. 31, 2020
Restructuring and Related Activities [Abstract]  
Summary of Restructuring and Related Charges
Following is a summary of the Company’s restructuring, severance and related charges (in thousands):
 
 
Fiscal Year Ended August 31,
 
 
2020(2)
 
2019(3)
 
2018(3)
Employee severance and benefit costs
 
$
94,031

 
$
16,029

 
$
16,269

Lease costs
 
7,666

 
(41
)
 
1,596

Asset write-off costs
 
32,945

 
(3,566
)
 
16,264

Other costs
 
21,944

 
13,492

 
2,773

Total restructuring, severance and related charges(1)
 
$
156,586

 
$
25,914

 
$
36,902

 
(1) 
Includes $61.9 million, $21.5 million and $16.3 million recorded in the EMS segment, $75.6 million, $2.6 million and $16.6 million recorded in the DMS segment and $19.1 million, $1.8 million and $4.0 million of non-allocated charges for the fiscal years ended August 31, 2020, 2019 and 2018, respectively. Except for asset write-off costs, all restructuring, severance and related charges are cash settled.
(2) 
As the Company continues to optimize its cost structure and improve operational efficiencies, $56.6 million of employee severance and benefit costs was incurred in connection with a reduction in the worldwide workforce during the fiscal year ended August 31, 2020. The remaining amount primarily relates to the 2020 Restructuring Plan. The Company’s liability associated with the worldwide workforce reduction is $35.8 million as of August 31, 2020.
(3) 
Primarily relates to the 2017 Restructuring Plan, which was complete as of August 31, 2019.
Summary of Liability Activity Associated with Restructuring Plan
The tables below summarize the Company’s liability activity (in thousands):
 
 
Employee Severance
and Benefit Costs
 
Lease Costs
 
Asset Write-off
Costs
 
Other
Related Costs
 
Total
Balance as of August 31, 2018
 
$
18,131

 
$
2,684

 
$

 
$
522

 
$
21,337

Restructuring related charges
 
16,029

 
(41
)
 
(3,566
)
 
2,071

 
14,493

Asset write-off charge and other non-cash activity
 
(494
)
 

 
3,566

 
(18
)
 
3,054

Cash payments
 
(30,504
)
 
(663
)
 

 
(1,786
)
 
(32,953
)
Balance as of August 31, 2019(1)
 
3,162

 
1,980

 

 
789

 
5,931

Restructuring related charges
 
37,416

 
7,666

 
32,945

 
617

 
78,644

Asset write-off charge and other non-cash activity
 
(222
)
 
(6,435
)
 
(32,945
)
 
18

 
(39,584
)
Cash payments
 
(32,213
)
 
(895
)
 

 
(998
)
 
(34,106
)
Balance as of August 31, 2020(2)
 
$
8,143

 
$
2,316

 
$

 
$
426

 
$
10,885


 
(1) 
Balance as of August 31, 2019 primarily relates to the 2017 Restructuring Plan.
(2) 
Balance as of August 31, 2020 primarily relates to the 2020 Restructuring Plan.