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Special Charges

3 Months Ended

Nov. 30, 2019

Restructuring and Related Activities [Abstract]

Special Charges

Special Charges

During fiscal 2020, we recognized pre-tax special charges of $6.9 million. The fiscal 2020 special charge consisted primarily of severance costs and ROU asset lease impairments related to planned facility closures. Additionally, we recognized charges for relocation costs and ROU lease asset impairment charges associated with the previously announced transfer of activities from planned facility closures. We expect these actions to streamline our business activities and to integrate recent acquisitions will allow us to reduce spending in certain areas while permitting continued investment in future growth initiatives, such as new products, expanded market presence, and technology and

innovation. Further details regarding our special charges are included within the Special Charges footnote of the Notes to Consolidated Financial Statements within our Form 10-K.

The following table summarizes costs reflected within Special charges on the Consolidated Statements of Comprehensive Income for the periods presented (in millions):

	Three Months Ended
	November 30, 2019				November 30, 2018
Severance and employee-related costs	$	5.1			$	(0.5	)
Other restructuring costs	1.8				1.5
Total special charges	$	6.9			$	1.0

As of November 30, 2019, remaining restructuring reserves were $4.8 million and are included in Accrued compensation on the Consolidated Balance Sheets. The changes in the reserves related to these programs during the period presented are summarized as follows (in millions):

	Fiscal 2020 Actions				Fiscal 2019 Actions				Fiscal 2018 Actions				Total
Balance at August 31, 2019	$	—			$	1.3			$	0.6			1.9
Severance costs	5.1				—				—				5.1
Payments made during the period	(1.0		)		(0.8		)		(0.4		)		(2.2		)
Balance at November 30, 2019	$	4.1			$	0.5			$	0.2			$	4.8

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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