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Restructuring Plan
12 Months Ended
Feb. 28, 2018
Restructuring Plan  
Restructuring Plan

Note 13 – Restructuring Plan 

On October 5, 2017, we announced an  approved restructuring plan (referred to as “Project Refuel”) intended to enhance the performance primarily for the Beauty and Nutritional Supplements segments. Project Refuel includes charges for a reduction-in-force and the elimination of certain contracts. Following the divestiture of our former Nutritional Supplements segment, as discussed in Note 4 to these consolidated  financial statements, we are targeting total annualized profit improvements of approximately $8.0 million over the duration of the plan.  We estimate the plan to be completed by the first quarter of fiscal 2020 and expect to incur total restructuring charges in the range of approximately $3.2 to $4.8 million over the same period.  Restructuring provisions are determined based on estimates prepared at the time the restructuring actions are approved by management and are revised periodically.  Restructuring charges also include amounts recognized as incurred. 

During fiscal 2018, we incurred $1.9 million of pre-tax restructuring costs related to employee severance and termination benefits and contract termination costs.  As of February 28, 2018, we made cash restructuring payments of $1.3 million and had a remaining liability of $0.5 million.