XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.20.4

Restructuring (Tables) | 6 Months Ended
--- | ---
Nov. 30, 2020
Restructuring And Related Activities [Abstract] |
Summary of Charges Recorded in Connection with Restructuring by Reportable Segment | Following is a summary of the charges recorded in connection with restructuring by reportable segment:
|  | Three Months Ended |  |  | Six Months Ended |  |  | Cumulative Costs |  |  | Total Expected |
(In thousands) |  | November 30, 2020 |  |  | November 30, 2020 |  |  | to Date |  |  | Costs |
Construction Products Group ("CPG") Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (a) |  | $ | 1,394 |  |  | $ | 1,574 |  |  | $ | 19,668 |  |  | $ | 20,568 |
Facility closure and other related costs |  |  | 440 |  |  |  | 808 |  |  |  | 5,285 |  |  |  | 6,503 |
Other restructuring costs |  |  | 62 |  |  |  | 99 |  |  |  | 2,039 |  |  |  | 2,634 |
Total Charges |  | $ | 1,896 |  |  | $ | 2,481 |  |  | $ | 26,992 |  |  | $ | 29,705 |
Performance Coatings Group ("PCG") Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (b) |  | $ | 802 |  |  | $ | 1,841 |  |  | $ | 15,226 |  |  | $ | 16,714 |
Facility closure and other related costs |  |  | 556 |  |  |  | 844 |  |  |  | 6,191 |  |  |  | 7,905 |
Other restructuring costs |  |  | 184 |  |  |  | 213 |  |  |  | 814 |  |  |  | 824 |
Total Charges |  | $ | 1,542 |  |  | $ | 2,898 |  |  | $ | 22,231 |  |  | $ | 25,443 |
Consumer Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (c) |  | $ | (4 | ) |  | $ | 786 |  |  | $ | 11,253 |  |  | $ | 11,253 |
Facility closure and other related costs |  |  | 785 |  |  |  | 1,382 |  |  |  | 10,319 |  |  |  | 12,719 |
Other restructuring costs |  |  | 204 |  |  |  | 302 |  |  |  | 4,421 |  |  |  | 4,481 |
Total Charges |  | $ | 985 |  |  | $ | 2,470 |  |  | $ | 25,993 |  |  | $ | 28,453 |
Specialty Products Group ("SPG") Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (d) |  | $ | (57 | ) |  | $ | 411 |  |  | $ | 7,341 |  |  | $ | 8,012 |
Facility closure and other related costs |  |  | 507 |  |  |  | 775 |  |  |  | 4,941 |  |  |  | 6,204 |
Other restructuring costs |  |  | 45 |  |  |  | 116 |  |  |  | 1,238 |  |  |  | 1,238 |
Total Charges |  | $ | 495 |  |  | $ | 1,302 |  |  | $ | 13,520 |  |  | $ | 15,454 |
Corporate/Other Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs |  | $ | - |  |  | $ | - |  |  | $ | 13,347 |  |  | $ | 13,347 |
Total Charges |  | $ | - |  |  | $ | - |  |  | $ | 13,347 |  |  | $ | 13,347 |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 2,135 |  |  | $ | 4,612 |  |  | $ | 66,835 |  |  | $ | 69,894 |
Facility closure and other related costs |  |  | 2,288 |  |  |  | 3,809 |  |  |  | 26,736 |  |  |  | 33,331 |
Other restructuring costs |  |  | 495 |  |  |  | 730 |  |  |  | 8,512 |  |  |  | 9,177 |
Total Charges |  | $ | 4,918 |  |  | $ | 9,151 |  |  | $ | 102,083 |  |  | $ | 112,402 |
(a) | Severance and benefit costs are associated with the elimination of 12 positions and 21 positions during the three and six months ended November 30, 2020, respectively.
(b) | Severance and benefit costs are associated with the elimination of 11 position and 50 positions during the three and six months ended November 30, 2020, respectively.
(c) | Severance and benefit recoveries are associated with the adjustment of estimated severance accruals for the three months ended November 30, 2020. Severance and benefit costs for the six months ended November 30, 2020 are associated with the elimination of three positions partially offset by the adjustment in severance accruals during the period.
(d) | Severance and benefit recoveries for the three months ended November 30, 2020 are associated with the reversal of severance accruals made for five positions which will no longer be eliminated, partially offset by the charges incurred related to the elimination of one position. Severance and benefit charges for the six months ended November 30, 2020 are associated with the elimination of 24 positions.
|  | Three Months Ended |  |  | Six Months Ended |
(In thousands) |  | November 30, 2019 |  |  | November 30, 2019 |
CPG Segment: |  |  |  |  |  |  |  |
Severance and benefit costs (e) |  | $ | 1,447 |  |  | $ | 1,607 |
Facility closure and other related costs |  |  | 110 |  |  |  | 798 |
Other restructuring costs |  |  | 39 |  |  |  | 39 |
Total Charges |  | $ | 1,596 |  |  | $ | 2,444 |
PCG Segment: |  |  |  |  |  |  |  |
Severance and benefit costs (f) |  | $ | 431 |  |  | $ | 2,931 |
Facility closure and other related costs |  |  | 636 |  |  |  | 745 |
Other restructuring costs |  |  | 172 |  |  |  | 172 |
Total Charges |  | $ | 1,239 |  |  | $ | 3,848 |
Consumer Segment: |  |  |  |  |  |  |  |
Severance and benefit costs (g) |  | $ | 780 |  |  | $ | 1,547 |
Facility closure and other related costs |  |  | 344 |  |  |  | 860 |
Other restructuring costs |  |  | - |  |  |  | - |
Total Charges |  | $ | 1,124 |  |  | $ | 2,407 |
Specialty Segment: |  |  |  |  |  |  |  |
Severance and benefit costs (h) |  | $ | 48 |  |  | $ | 414 |
Facility closure and other related costs |  |  | 731 |  |  |  | 2,190 |
Other restructuring costs |  |  | 40 |  |  |  | 104 |
Total Charges |  | $ | 819 |  |  | $ | 2,708 |
Corporate/Other Segment: |  |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 23 |  |  | $ | 16 |
Total Charges |  | $ | 23 |  |  | $ | 16 |
Consolidated: |  |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 2,729 |  |  | $ | 6,515 |
Facility closure and other related costs |  |  | 1,821 |  |  |  | 4,593 |
Other restructuring costs |  |  | 251 |  |  |  | 315 |
Total Charges |  | $ | 4,801 |  |  | $ | 11,423 |
(e) | Severance and benefit costs are associated with the elimination of 25 positions and 46 positions during the three and six months ended November 30, 2019, respectively.
(f) | Severance and benefit costs are associated with the elimination of 18 position and 69 positions during the three and six months ended November 30, 2019, respectively.
(g) | Severance and benefit costs are associated with the elimination of 9 positions and 11 positions during the three and six months ended November 30, 2019, respectively.
(h) | Severance and benefit costs are associated with the elimination of 49 positions and 59 positions during the three and six months ended November 30, 2019, respectively.
Summary of Activity in Restructuring Reserves | A summary of the activity in the restructuring reserves related to our MAP to Growth is as follows:
(in thousands) |  | Severance and Benefits Costs |  |  | Facility Closure and Other Related Costs |  |  | Other Restructuring Costs |  |  | Total |
Balance at August 31, 2020 |  | $ | 4,893 |  |  | $ | 6,138 |  |  | $ | - |  |  | $ | 11,031 |
Additions charged to expense |  |  | 2,135 |  |  |  | 2,288 |  |  |  | 495 |  |  |  | 4,918 |
Cash payments charged against reserve |  |  | (2,373 | ) |  |  | (2,530 | ) |  |  | (335 | ) |  |  | (5,238 | )
Non-cash charges included above (i) |  |  | - |  |  |  | - |  |  |  | (160 | ) |  |  | (160 | )
Balance at November 30, 2020 |  | $ | 4,655 |  |  | $ | 5,896 |  |  | $ | - |  |  | $ | 10,551 |
(In thousands) |  | Severance and Benefits Costs |  |  | Facility Closure and Other Related Costs |  |  | Other Restructuring Costs |  |  | Total |
Balance at June 1, 2020 |  | $ | 7,357 |  |  | $ | 5,880 |  |  | $ | - |  |  |  | 13,237 |
Additions charged to expense |  |  | 4,612 |  |  |  | 3,809 |  |  |  | 730 |  |  |  | 9,151 |
Cash payments charged against reserve |  |  | (7,314 | ) |  |  | (3,793 | ) |  |  | (335 | ) |  |  | (11,442 | )
Non-cash charges included above (i) |  |  | - |  |  |  | - |  |  |  | (395 | ) |  |  | (395 | )
Balance at November 30, 2020 |  | $ | 4,655 |  |  | $ | 5,896 |  |  | $ | - |  |  | $ | 10,551 |
(In thousands) |  | Severance and Benefits Costs |  |  | Facility Closure and Other Related Costs |  |  | Other Restructuring Costs |  |  | Total |
Balance at August 31, 2019 |  | $ | 2,946 |  |  | $ | 9,430 |  |  | $ | - |  |  | $ | 12,376 |
Additions charged to expense |  |  | 2,729 |  |  |  | 1,821 |  |  |  | 251 |  |  |  | 4,801 |
Cash payments charged against reserve |  |  | (2,109 | ) |  |  | (5,016 | ) |  |  | - |  |  |  | (7,125 | )
Non-cash charges included above (i) |  |  | - |  |  |  | (155 | ) |  |  | (251 | ) |  |  | (406 | )
Balance at November 30, 2019 |  | $ | 3,566 |  |  | $ | 6,080 |  |  | $ | - |  |  | $ | 9,646 |
(In thousands) |  | Severance and Benefits Costs |  |  | Facility Closure and Other Related Costs |  |  | Other Restructuring Costs |  |  | Total |
Balance at June 1, 2019 |  | $ | 4,837 |  |  | $ | 7,857 |  |  | $ | - |  |  | $ | 12,694 |
Additions charged to expense |  |  | 6,515 |  |  |  | 4,593 |  |  |  | 315 |  |  |  | 11,423 |
Cash payments charged against reserve |  |  | (7,786 | ) |  |  | (5,350 | ) |  |  | - |  |  |  | (13,136 | )
Non-cash charges included above (i) |  |  | - |  |  |  | (1,020 | ) |  |  | (315 | ) |  |  | (1,335 | )
Balance at November 30, 2019 |  | $ | 3,566 |  |  | $ | 6,080 |  |  | $ | - |  |  | $ | 9,646 |
(i) | Non-cash charges primarily include accelerated vesting of equity awards and asset-write offs.

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