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Restructuring (Tables) | 9 Months Ended
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Feb. 28, 2022
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 |  |  | Nine Months Ended |  |  | Cumulative Costs |  |  | Total Expected |
(In thousands) |  | February 28, 2022 |  |  | February 28, 2022 |  |  | to Date |  |  | Costs |
Construction Products Group ("CPG") Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (credits) (a) |  | $ | (7 | ) |  | $ | (322 | ) |  | $ | 20,966 |  |  | $ | 21,066 |
Facility closure and other related costs |  |  | 325 |  |  |  | 1,368 |  |  |  | 7,948 |  |  |  | 8,191 |
Other restructuring costs |  |  | - |  |  |  | 4 |  |  |  | 1,982 |  |  |  | 1,982 |
Total Charges |  | $ | 318 |  |  | $ | 1,050 |  |  | $ | 30,896 |  |  | $ | 31,239 |
Performance Coatings Group ("PCG") Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (b) |  | $ | 65 |  |  | $ | 193 |  |  | $ | 16,552 |  |  | $ | 17,261 |
Facility closure and other related costs |  |  | 121 |  |  |  | 779 |  |  |  | 7,408 |  |  |  | 8,188 |
Other restructuring costs |  |  | - |  |  |  | - |  |  |  | 917 |  |  |  | 947 |
Total Charges |  | $ | 186 |  |  | $ | 972 |  |  | $ | 24,877 |  |  | $ | 26,396 |
Consumer Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs |  | $ | - |  |  | $ | - |  |  | $ | 12,307 |  |  | $ | 12,307 |
Facility closure and other related costs |  |  | 277 |  |  |  | 788 |  |  |  | 12,869 |  |  |  | 13,088 |
Other restructuring costs |  |  | - |  |  |  | - |  |  |  | 4,420 |  |  |  | 4,420 |
Total Charges |  | $ | 277 |  |  | $ | 788 |  |  | $ | 29,596 |  |  | $ | 29,815 |
Specialty Products Group ("SPG") Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (c) |  | $ | 47 |  |  | $ | 249 |  |  | $ | 8,376 |  |  | $ | 8,726 |
Facility closure and other related costs |  |  | 312 |  |  |  | 557 |  |  |  | 6,147 |  |  |  | 6,380 |
Other restructuring costs (credits) |  |  | - |  |  |  | (1 | ) |  |  | 1,220 |  |  |  | 1,220 |
Total Charges |  | $ | 359 |  |  | $ | 805 |  |  | $ | 15,743 |  |  | $ | 16,326 |
Corporate/Other Segment: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs (d) |  | $ | - |  |  | $ | 1,513 |  |  | $ | 15,051 |  |  | $ | 15,051 |
Total Charges |  | $ | - |  |  | $ | 1,513 |  |  | $ | 15,051 |  |  | $ | 15,051 |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 105 |  |  | $ | 1,633 |  |  | $ | 73,252 |  |  | $ | 74,411 |
Facility closure and other related costs |  |  | 1,035 |  |  |  | 3,492 |  |  |  | 34,372 |  |  |  | 35,847 |
Other restructuring costs |  |  | - |  |  |  | 3 |  |  |  | 8,539 |  |  |  | 8,569 |
Total Charges |  | $ | 1,140 |  |  | $ | 5,128 |  |  | $ | 116,163 |  |  | $ | 118,827 |
(a) Severance and benefit recoveries are associated with the adjustment of previously estimated severance accruals partially offset by the elimination of 16 positions during the nine months ended February 28, 2022. (b) Severance and benefit costs are associated with the elimination of one position and four positions during the three and nine months ended February 28, 2022, respectively. (c) Severance and benefit costs are associated with the elimination of two and 18 positions during the three and nine months ended February 28, 2022, respectively. (d) Severance and benefit costs are associated with the elimination of one position during the nine months ended February 28, 2022.
|  | Three Months Ended |  |  | Nine Months Ended |
(In thousands) |  | February 28, 2021 |  |  | February 28, 2021 |
CPG Segment: |  |  |  |  |  |
Severance and benefit costs (e) |  | $ | 255 |  |  | $ | 1,829 |
Facility closure and other related costs |  |  | 665 |  |  |  | 1,473 |
Other restructuring costs (credits) |  |  | (60 | ) |  |  | 38 |
Total Charges |  | $ | 860 |  |  | $ | 3,340 |
PCG Segment: |  |  |  |  |  |
Severance and benefit costs (f) |  | $ | 118 |  |  | $ | 1,959 |
Facility closure and other related costs |  |  | 265 |  |  |  | 1,109 |
Other restructuring costs |  |  | - |  |  |  | 213 |
Total Charges |  | $ | 383 |  |  | $ | 3,281 |
Consumer Segment: |  |  |  |  |  |
Severance and benefit costs (g) |  | $ | 11 |  |  | $ | 797 |
Facility closure and other related costs |  |  | 1,300 |  |  |  | 2,682 |
Other restructuring costs |  |  | - |  |  |  | 302 |
Total Charges |  | $ | 1,311 |  |  | $ | 3,781 |
SPG Segment: |  |  |  |  |  |
Severance and benefit costs (h) |  | $ | 49 |  |  | $ | 461 |
Facility closure and other related costs |  |  | 385 |  |  |  | 1,160 |
Other restructuring costs |  |  | - |  |  |  | 116 |
Total Charges |  | $ | 434 |  |  | $ | 1,737 |
Corporate/Other Segment: |  |  |  |  |  |
Severance and benefit costs |  | $ | 141 |  |  | $ | 141 |
Total Charges |  | $ | 141 |  |  | $ | 141 |
Consolidated: |  |  |  |  |  |
Severance and benefit costs |  | $ | 574 |  |  | $ | 5,187 |
Facility closure and other related costs |  |  | 2,615 |  |  |  | 6,424 |
Other restructuring costs (credits) |  |  | (60 | ) |  |  | 669 |
Total Charges |  | $ | 3,129 |  |  | $ | 12,280 |
(e) Severance and benefit costs are associated with the elimination of three positions and 24 positions during the three and nine months ended February 28, 2021, respectively. (f) Severance and benefit costs are associated with the elimination of five positions and 55 positions during the three and nine months ended February 28, 2021, respectively. (g) Severance and benefit costs for the nine months ended February 28, 2021 are associated with the elimination of three positions, partially offset by the adjustment in severance accruals during the period. There were no position eliminations during the three months ended February 28, 2021. (h) Severance and benefit costs are associated with the elimination of three positions and 27 positions during the three and nine months ended February 28, 2021, 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 November 30, 2021 |  | $ | 1,571 |  |  | $ | 896 |  |  | $ | - |  |  | $ | 2,467 |
Additions charged to expense |  |  | 105 |  |  |  | 1,035 |  |  |  | - |  |  |  | 1,140 |
Cash payments charged against reserve |  |  | (506 | ) |  |  | (868 | ) |  |  | - |  |  |  | (1,374 | )
Non-cash charges and other adjustments |  |  | (95 | ) |  |  | (28 | ) |  |  | - |  |  |  | (123 | )
Balance at February 28, 2022 |  | $ | 1,075 |  |  | $ | 1,035 |  |  | $ | - |  |  | $ | 2,110 |
(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 |
Additions charged to expense |  |  | 1,633 |  |  |  | 3,492 |  |  |  | 3 |  |  |  | 5,128 |
Cash payments charged against reserve |  |  | (4,314 | ) |  |  | (3,155 | ) |  |  | - |  |  |  | (7,469 | )
Non-cash charges and other adjustments |  |  | (674 | ) |  |  | (592 | ) |  |  | (3 | ) |  |  | (1,269 | )
Balance at February 28, 2022 |  | $ | 1,075 |  |  | $ | 1,035 |  |  | $ | - |  |  | $ | 2,110 |
(In thousands) |  | Severance and Benefits Costs |  |  | Facility Closure and Other Related Costs |  |  | Other Restructuring Costs |  |  | Total |
Balance at November 30, 2020 |  | $ | 4,655 |  |  | $ | 5,896 |  |  | $ | - |  |  | $ | 10,551 |
Additions charged to expense |  |  | 574 |  |  |  | 2,615 |  |  |  | (60 | ) |  |  | 3,129 |
Cash payments charged against reserve |  |  | (1,699 | ) |  |  | (2,968 | ) |  |  | - |  |  |  | (4,667 | )
Non-cash charges and other adjustments |  |  | 71 |  |  |  | (4,292 | ) |  |  | 60 |  |  |  | (4,161 | )
Balance at February 28, 2021 |  | $ | 3,601 |  |  | $ | 1,251 |  |  | $ | - |  |  | $ | 4,852 |
(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 |  |  | 5,187 |  |  |  | 6,424 |  |  |  | 669 |  |  |  | 12,280 |
Cash payments charged against reserve |  |  | (9,014 | ) |  |  | (6,761 | ) |  |  | (335 | ) |  |  | (16,110 | )
Non-cash charges and other adjustments |  |  | 71 |  |  |  | (4,292 | ) |  |  | (334 | ) |  |  | (4,555 | )
Balance at February 28, 2021 |  | $ | 3,601 |  |  | $ | 1,251 |  |  | $ | - |  |  | $ | 4,852 |

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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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