XML 85 R19.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Restructuring and Related Charges | 3 Months Ended
--- | ---
Nov. 30, 2019
Restructuring and Related Activities [Abstract] |
Restructuring and Related Charges | Restructuring and Related Charges Following is a summary of the Company’s restructuring and related charges (in thousands):
| Three months ended
| November 30, 2019(2) |  | November 30, 2018(3)
Employee severance and benefit costs | $ | 18,781 |  |  | $ | 5,179 |
Lease costs | 239 |  |  | 9 |
Asset write-off costs | 16,316 |  |  | 184 |
Other costs | 9,915 |  |  | 653 |
Total restructuring and related charges(1) | $ | 45,251 |  |  | $ | 6,025 |
(1) | Includes $17.4 million and $4.4 million recorded in the EMS segment, $25.2 million and $1.6 million recorded in the DMS segment and $2.7 million and $0.0 million of non-allocated charges for the three months ended November 30, 2019 and 2018, respectively. Except for asset write-off costs, all restructuring and related charges are cash costs.
(2) | Primarily relates to the 2020 Restructuring Plan.
(3) | Primarily relates to the 2017 Restructuring Plan.
2020 Restructuring Plan On September 20, 2019, the Company’s Board of Directors formally approved a restructuring plan to realign the Company’s global capacity support infrastructure, particularly in the Company’s mobility footprint in China, in order to optimize organizational effectiveness. This action includes headcount reductions and capacity realignment (the “2020 Restructuring Plan”). The 2020 Restructuring Plan reflects the Company’s intention only and restructuring decisions, and the timing of such decisions, at certain locations are still subject to consultation with the Company’s employees and their representatives. The Company currently expects to recognize approximately $85.0 million in pre-tax restructuring and other related costs primarily over the course of the Company’s fiscal year 2020. This information will be subject to the finalization of timetables for the transition of functions, consultation with employees and their representatives as well as the statutory severance requirements of the particular jurisdictions impacted, and the amount and timing of the actual charges may vary due to a variety of factors. The Company’s estimates for the charges discussed above exclude any potential income tax effects. The table below summarizes the Company’s liability activity, primarily associated with the 2020 Restructuring Plan (in thousands):
| Employee Severance and Benefit Costs |  | Lease Costs |  | Asset Write-off Costs |  | Other Related Costs |  | Total
Balance as of August 31, 2019(1) | $ | 3,162 |  |  | $ | 1,980 |  |  | $ | — |  |  | $ | 789 |  |  | $ | 5,931 |
Restructuring related charges | 18,781 |  |  | 239 |  |  | 16,316 |  |  | 265 |  |  | 35,601 |
Asset write-off charge and other non-cash activity | (100 | ) |  | — |  |  | (16,316 | ) |  | (1 | ) |  | (16,417 | )
Cash payments | (7,624 | ) |  | (158 | ) |  | — |  |  | (549 | ) |  | (8,331 | )
Balance as of November 30, 2019 | $ | 14,219 |  |  | $ | 2,061 |  |  | $ | — |  |  | $ | 504 |  |  | $ | 16,784 |
(1) Balance as of August 31, 2019 primarily relates to the 2017 Restructuring Plan.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration