XML 79 R31.htm IDEA: XBRL DOCUMENT
v3.19.2

Restructuring (Tables) | 12 Months Ended
--- | ---
May 31, 2019
Restructuring And Related Activities [Abstract] |
Summary of Charges Recorded in Connection with Restructuring by Reportable Segment | A summary of the charges recorded in connection with restructuring by reportable segment during is as follows:
|  | Year Ended |  | Year Ended |  | Cumulative Costs |  | Total Expected |
(in thousands) |  | May 31, 2019 |  | May 31, 2018 |  | to Date |  | Costs |
Industrial Segment: |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (a) |  | $ | 14,032 |  | $ | 2,169 |  | $ | 16,201 |  | $ | 21,123 |
Facility closure and other related costs |  |  | 5,398 |  |  | 1,045 |  |  | 6,443 |  |  | 10,532 |
Other asset write-offs |  |  | 569 |  |  | 1,373 |  |  | 1,942 |  |  | 2,873 |
Total Charges |  | $ | 19,999 |  | $ | 4,587 |  | $ | 24,586 |  | $ | 34,528 |
Consumer Segment: |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (b) |  | $ | 2,516 |  | $ | 5,652 |  | $ | 8,168 |  | $ | 8,168 |
Facility closure and other related costs |  |  | 2,445 |  |  | 5,139 |  |  | 7,584 |  |  | 12,200 |
Other asset write-offs |  |  | 998 |  |  | - |  |  | 998 |  |  | 1,212 |
Total Charges |  | $ | 5,959 |  | $ | 10,791 |  | $ | 16,750 |  | $ | 21,580 |
Specialty Segment: |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (c) |  | $ | 5,987 |  | $ | - |  | $ | 5,987 |  | $ | 8,488 |
Facility closure and other related costs |  |  | 352 |  |  | - |  |  | 352 |  |  | 4,351 |
Other asset write-offs |  |  | 29 |  |  | - |  |  | 29 |  |  | 347 |
Total Charges |  | $ | 6,368 |  | $ | - |  | $ | 6,368 |  | $ | 13,186 |
Corporate/Other Segment: |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (d) |  | $ | 9,984 |  | $ | 2,136 |  | $ | 12,120 |  | $ | 12,120 |
Total Charges |  | $ | 9,984 |  | $ | 2,136 |  | $ | 12,120 |  | $ | 12,120 |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 32,519 |  | $ | 9,957 |  | $ | 42,476 |  | $ | 49,899 |
Facility closure and other related costs |  |  | 8,195 |  |  | 6,184 |  |  | 14,379 |  |  | 27,083 |
Other asset write-offs |  |  | 1,596 |  |  | 1,373 |  |  | 2,969 |  |  | 4,432 |
Total Charges |  | $ | 42,310 |  | $ | 17,514 |  | $ | 59,824 |  | $ | 81,414 |
a) | Fiscal 2019 and 2018 charges of $14.0 million and $2.2 million, respectively, are associated with the elimination of 199 and 28 positions during fiscal 2019 and 2018, respectively. Additionally, $0.2 million included in the current-year charges are associated with the prior elimination of one position within the legal function during fiscal 2018.
b) | Fiscal 2019 and 2018 charges of $2.5 million and $5.7 million, respectively, are associated with the elimination of 66 and 155 positions during fiscal 2019 and 2018, respectively.
c) | Fiscal 2019 charges of $6.0 million are associated with the elimination of 109 positions. There were no such charges in fiscal 2018.
d) | Reflects current-year charges related to the severance of two corporate executives, as well as accelerated vesting of equity awards for two corporate executives, four specialty segment executives and three industrial segment executives in connection with the aforementioned restructuring activities.
Summary of Activity in Restructuring Reserves | A summary of the activity in the restructuring reserves related to the 2020 MAP to Growth plan is as follows:
(in thousands) | Severance and Benefits Costs |  | Facility Closure and Other Related Costs |  | Other Asset Write-Offs |  | Total |
Balance at June 1, 2017 | $ | - |  | $ | - |  | $ | - |  | $ | - |
Additions charged to expense |  | 9,957 |  |  | 6,184 |  |  | 1,373 |  |  | 17,514 |
Balance at May 31, 2018 | $ | 9,957 |  | $ | 6,184 |  | $ | 1,373 |  | $ | 17,514 |
(in thousands) | Severance and Benefits Costs |  | Facility Closure and Other Related Costs |  | Other Asset Write-Offs |  | Total |
Balance at June 1, 2018 | $ | 9,957 |  | $ | 6,184 |  | $ | 1,373 |  | $ | 17,514 |
Additions charged to expense |  | 32,519 |  |  | 8,195 |  |  | 1,596 |  |  | 42,310 |
Cash payments charged against reserve |  | (31,219 | ) |  | (3,019 | ) |  | - |  |  | (34,238 | )
Non-cash charges included above (e) |  | (6,420 | ) |  | (3,503 | ) |  | (2,969 | ) |  | (12,892 | )
Balance at May 31, 2019 | $ | 4,837 |  | $ | 7,857 |  | $ | - |  | $ | 12,694 |

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 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) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -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=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration