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Restructuring, Severance and Related Charges (Tables)

6 Months Ended

Feb. 28, 2021

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):

			Three months ended												Six months ended
			February 28, 2021						February 29, 2020						February 28, 2021						February 29, 2020
Employee severance and benefit costs			$	2,140					$	8,012					$	2,708					$	26,793
Lease costs			—						6,229						(2,873)						6,468
Asset write-off costs			4,592						9,109						4,590						25,425
Other costs			(106)						6,254						486						16,169
Total restructuring, severance and related charges(1)			$	6,626					$	29,604					$	4,911					$	74,855

(1)Primarily relates to the 2020 Restructuring Plan, and includes $2.5 million and $14.7 million recorded in the EMS segment, $4.0 million and $14.5 million recorded in the DMS segment and $0.1 million and $0.4 million of non-allocated charges for the three months ended February 28, 2021 and February 29, 2020, respectively. Includes $(0.5) million and $32.1 million recorded in the EMS segment, $5.0 million and $39.7 million recorded in the DMS segment and $0.4 million and $3.1 million of non-allocated charges for the six months ended February 28, 2021 and February 29, 2020, respectively. Except for asset write-off costs, all restructuring, severance and related charges are cash costs.

Summary of Liability Activity Associated with Restructuring Plan

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, 2020			$	8,143					$	2,316					$	—					$	426					$	10,885
Restructuring related charges			2,322						(2,873)						4,344						599						4,392
Asset write-off charge and other non-cash activity			(9)						1,554						(4,344)						2						(2,797)
Cash payments			(6,395)						(113)						—						(629)						(7,137)
Balance as of February 28, 2021			$	4,061					$	884					$	—					$	398					$	5,343

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
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-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
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