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Restructuring Plan
12 Months Ended
Feb. 28, 2022
Restructuring and Related Activities [Abstract]  
Restructuring Plan
Note 12 - Restructuring Plan

In October 2017, we announced a restructuring plan (referred to as “Project Refuel”) intended to enhance performance primarily in the Beauty and former Nutritional Supplements segments. Project Refuel includes charges for a reduction-in-force and the elimination of certain contracts. During the first quarter of fiscal 2019, we expanded Project Refuel to include the realignment and streamlining of our supply chain structure.

We incurred $0.4 million, $0.4 million and $3.3 million of pre-tax restructuring costs related to employee severance and termination benefits during fiscal 2022, 2021 and 2020, respectively, which are recorded as “Restructuring charges” in the consolidated statements of income. Restructuring costs incurred in fiscal 2021 and 2020 also included contract termination costs. During fiscal 2022, we made total cash restructuring payments of $0.5 million.

During the fourth quarter of fiscal 2022, we completed the plan, which resulted in total restructuring charges and payments of $9.6 million and total annualized profit improvements of approximately $12.5 million over the duration of the plan.