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Restructuring (Tables) | 3 Months Ended
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Aug. 31, 2021
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 |  |  | Three Months Ended |  |  | Cumulative Costs |  |  | Total Expected |
(In thousands) |  | August 31, 2021 |  |  | August 31, 2020 |  |  | to Date |  |  | Costs |
Construction Products Group ("CPG") Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (credits) (a) |  | $ | (493 | ) |  | $ | 180 |  |  | $ | 20,795 |  |  | $ | 20,928 |
Facility closure and other related costs |  |  | 540 |  |  |  | 368 |  |  |  | 7,120 |  |  |  | 7,609 |
Other restructuring costs |  |  | 4 |  |  |  | 36 |  |  |  | 1,982 |  |  |  | 1,982 |
Total Charges |  | $ | 51 |  |  | $ | 584 |  |  | $ | 29,897 |  |  | $ | 30,519 |
Performance Coatings Group ("PCG") Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (b) |  | $ | 128 |  |  | $ | 1,039 |  |  | $ | 16,487 |  |  | $ | 17,012 |
Facility closure and other related costs |  |  | 408 |  |  |  | 288 |  |  |  | 7,037 |  |  |  | 7,968 |
Other restructuring costs |  |  | - |  |  |  | 29 |  |  |  | 917 |  |  |  | 917 |
Total Charges |  | $ | 536 |  |  | $ | 1,356 |  |  | $ | 24,441 |  |  | $ | 25,897 |
Consumer Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (c) |  | $ | - |  |  | $ | 790 |  |  | $ | 12,307 |  |  | $ | 12,307 |
Facility closure and other related costs |  |  | 240 |  |  |  | 597 |  |  |  | 12,321 |  |  |  | 13,015 |
Other restructuring costs |  |  | - |  |  |  | 98 |  |  |  | 4,420 |  |  |  | 4,420 |
Total Charges |  | $ | 240 |  |  | $ | 1,485 |  |  | $ | 29,048 |  |  | $ | 29,742 |
Specialty Products Group ("SPG") Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (d) |  | $ | 87 |  |  | $ | 469 |  |  | $ | 8,214 |  |  | $ | 9,190 |
Facility closure and other related costs |  |  | 98 |  |  |  | 268 |  |  |  | 5,688 |  |  |  | 6,706 |
Other restructuring costs (credits) |  |  | (2 | ) |  |  | 71 |  |  |  | 1,219 |  |  |  | 1,219 |
Total Charges |  | $ | 183 |  |  | $ | 808 |  |  | $ | 15,121 |  |  | $ | 17,115 |
Corporate/Other Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs |  | $ | - |  |  | $ | - |  |  | $ | 13,538 |  |  | $ | 13,538 |
Total Charges |  | $ | - |  |  | $ | - |  |  | $ | 13,538 |  |  | $ | 13,538 |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (credits) |  | $ | (278 | ) |  | $ | 2,478 |  |  | $ | 71,341 |  |  | $ | 72,975 |
Facility closure and other related costs |  |  | 1,286 |  |  |  | 1,521 |  |  |  | 32,166 |  |  |  | 35,298 |
Other restructuring costs |  |  | 2 |  |  |  | 234 |  |  |  | 8,538 |  |  |  | 8,538 |
Total Charges |  | $ | 1,010 |  |  | $ | 4,233 |  |  | $ | 112,045 |  |  | $ | 116,811 |
(a) Severance and benefit recoveries are associated with the adjustment of previously estimated severance accruals partially offset by the elimination of five positions during the three months ended August 31, 2021. Severance and benefit costs for the three months ended August 31, 2020 are associated with the elimination of nine positions. (b) Severance and benefit costs are associated with the elimination of two positions and 39 positions during the three months ended August 31, 2021 and 2020, respectively. (c) Severance and benefit costs are associated with the elimination of three positions during the three months ended August 31, 2020. (d) Severance and benefit costs are associated with the elimination of 16 positions and 28 positions during the three months ended August 31, 2021 and 2020, 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 June 1, 2021 |  | $ | 4,430 |  |  | $ | 1,290 |  |  | $ | - |  |  |  | 5,720 |
Charges (credits) to expense |  |  | (278 | ) |  |  | 1,286 |  |  |  | 2 |  |  |  | 1,010 |
Cash payments charged against reserve |  |  | (1,766 | ) |  |  | (1,248 | ) |  |  | - |  |  |  | (3,014 | )
Non-cash charges and other adjustments |  |  | - |  |  |  | (377 | ) |  |  | (2 | ) |  |  | (379 | )
Balance at August 31, 2021 |  | $ | 2,386 |  |  | $ | 951 |  |  | $ | - |  |  | $ | 3,337 |
(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 |
Charges to expense |  |  | 2,478 |  |  |  | 1,521 |  |  |  | 234 |  |  |  | 4,233 |
Cash payments charged against reserve |  |  | (4,942 | ) |  |  | (1,263 | ) |  |  | - |  |  |  | (6,205 | )
Non-cash charges and other adjustments |  |  | - |  |  |  | - |  |  |  | (234 | ) |  |  | (234 | )
Balance at August 31, 2020 |  | $ | 4,893 |  |  | $ | 6,138 |  |  | $ | - |  |  | $ | 11,031 |

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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) -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
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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 -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
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