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Restructuring

9 Months Ended

May 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

During the third quarter of Fiscal 2020, the Company completed a reduction in force intended to improve operational efficiencies and to align with the Company's long-term strategic plan, which have resulted in headcount reductions in the Motorhome segment. As a result, we recognized $1.4 million of restructuring charges during the three months ended May 30, 2020. These charges include termination benefits.

On February 4, 2019, the Company announced its intent to move the Company's diesel production from Junction City, OR to Forest City, IA to enable more effective product development and improve cost structure. These charges include termination benefits, asset-related expenses and other related costs.

The following table details the aggregate restructuring charges incurred:

			Motorhome
			Three Months Ended																		Nine Months Ended
(in thousands)			May 30, 2020						May 25, 2019						May 30, 2020						May 25, 2019
Cost of goods sold			$	1,376					$	1,102					$	1,200					$	1,102
Selling, general, and administrative expenses			—						—						47						219
Restructuring expense			$	1,376					$	1,102					$	1,247					$	1,321

Expenses in the current Fiscal year mainly include headcount reductions and adjustments for facility closure costs. The Company does not expect additional reorganization charges during the remainder of Fiscal 2020. These costs could be higher or lower in the event the Company makes additional decisions in future periods that impact reorganization efforts.

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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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