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Restructuring Expense | 6 Months Ended
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Nov. 30, 2019
Restructuring and Related Activities [Abstract] |
Restructuring Expense | Restructuring Expense North America Contract Segment During the fourth quarter of fiscal 2019, the Company announced restructuring activities associated with profit improvement initiatives, including costs associated with an early retirement plan. The plan is expected to generate annual cost savings of approximately $10 million. During the three and six months ended November 30, 2019, the Company recognized pre-tax restructuring expense of $0.1 million and $1.7 million, respectively, related to the plan. To date, the Company has recognized $9.4 million of restructuring expense related to the plan. The early retirement plan is complete and no future restructuring costs related to this plan are expected. The following table provides an analysis of the changes in the restructuring costs reserve for the above plan for the six months ended November 30, 2019:
(In millions) | Severance and Employee-Related |  | Exit or Disposal Activities |  | Total
Beginning Balance | $ | 6.7 |  |  | $ | 1.0 |  |  | $ | 7.7 |
Restructuring Costs | 1.7 |  |  | — |  |  | 1.7 |
Amounts Paid | (7.0 | ) |  | (0.2 | ) |  | $ | (7.2 | )
Ending Balance | $ | 1.4 |  |  | $ | 0.8 |  |  | $ | 2.2 |
In the second quarter of fiscal 2020, the Company initiated restructuring discussions related to its Nemschoff operation in Wisconsin. The Company anticipates the total estimated costs related to the actions will be approximately $4.3 million of which $3.8 million will be recorded in fiscal 2020. These restructuring costs relate to potential partial outsourcing and in-sourcing strategies, long-lived asset impairments, and employee-related costs. In conjunction with these discussions, the Company recorded $2.6 million in pre-tax restructuring expense related to this plan in the second quarter of fiscal 2020. In the second quarter of fiscal 2020, the Company also initiated a reorganization of the North American Sales and Global Product teams. The Company incurred a total of $1.4 million related to this plan in second quarter of fiscal 2020, of which $0.2 million was paid. The reorganization will be completed during fiscal 2020 and the remaining charges are expected to be immaterial. International Contract Segment During the fourth quarter of fiscal 2018, the Company announced a facilities consolidation plan related to its International Contract segment. This impacted certain office and manufacturing facilities in the United Kingdom and China. The plan is expected to generate cost savings of approximately $3 million. In fiscal 2019, the Company recognized restructuring and impairment expenses of $2.5 million related to the facilities consolidation plan, comprised primarily of $0.8 million related to an asset impairment recorded against an office building in the United Kingdom that was vacated and $1.4 million from the consolidation of the Company's manufacturing facilities in China. During the three and six months ended November 30, 2019, the Company recognized pre-tax restructuring expense of $0.2 million and $0.4 million, respectively, related to the plan. To date, the Company has recognized $6.8 million of restructuring costs related to the plan. No future restructuring costs related to the plan are expected. The plan is expected to be complete by the end of fiscal 2020. As the United Kingdom office building and related assets meet the criteria to be designated as assets held for sale, the carrying value of these assets have been classified as current assets and included within "Other current assets" in the Condensed Consolidated Balance Sheets at November 30, 2019. The carrying amount of the assets held for sale was approximately $4.3 million as of November 30, 2019. The following table provides an analysis of the changes in the International Contract segment restructuring costs reserve for the six months ended November 30, 2019:
(In millions) | Severance and Employee-Related |  | Exit or Disposal Activities |  | Total
Beginning Balance | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |
Restructuring Costs | — |  |  | 0.4 |  |  | 0.4 |
Amounts Paid | (0.1 | ) |  | (0.5 | ) |  | (0.6 | )
Ending Balance | $ | — |  |  | $ | — |  |  | $ | — |

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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 + Details
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