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Restructuring Plan
9 Months Ended
Nov. 30, 2021
Restructuring and Related Activities [Abstract]  
Restructuring Plan
Note 7 - 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 are targeting total annualized profit improvements of approximately $10.5 million to $12.5 million over the duration of the plan. We estimate the plan to be completed during fiscal 2022 and expect to incur total restructuring charges of approximately $10.3 million over the duration of the plan, of which $9.6 million have been incurred through the third quarter of fiscal 2022. Restructuring provisions are determined based on estimates prepared at the time the restructuring actions are approved by management and are revised periodically.
We incurred an insignificant amount and $0.4 million of pre-tax restructuring costs during the three and nine months ended November 30, 2021, respectively, which are recorded as “Restructuring charges” in the condensed consolidated statements of income. During the three and nine month periods ended November 30, 2021, we made total cash restructuring payments of $0.1 million and $0.5 million, respectively. Since implementing Project Refuel, we have made total cash restructuring payments of $9.6 million as of November 30, 2021.