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Restructuring Costs | 9 Months Ended
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Feb. 28, 2021
Restructuring and Related Activities [Abstract] |
Restructuring Costs | Restructuring Costs During fiscal year 2020, the Company announced a restructuring plan to drive enhanced profitability, focus the business on its strategic assets and redesign the organization to be the appropriate size to compete and thrive. This includes a reduction-in-force, a reduction in leased office spaces, and the sale of non-strategic assets. Asset write-off costs Asset write-off costs are costs related to impairment or disposal of property and equipment as part of the Company's restructuring plan to drive enhanced profitability, focus the business on its strategic assets and redesign the organization to be the appropriate size to compete and thrive. These costs are included in Restructuring costs within the Consolidated Statements of Comprehensive (Loss) Income. See the Assets Held for Sale section within Note 1 for additional information. In the first quarter of fiscal year 2021, the Company sold its interest in Ontario. The Company received net cash proceeds of $4.9 million in connection with the sale, and recorded a gain of $2.8 million. In the first quarter of fiscal year 2021, the Company recognized an $8.8 million impairment loss related to its Hanover building and related assets which were sold in the second quarter of fiscal year 2021. In the third quarter of fiscal year 2021, the Company recognized a $1.9 million impairment loss related to BreatheWay equipment as a result of a strategic shift in our BreatheWay business model driven by our restructuring plan. Employee severance and benefit costs Employee severance and benefit costs are costs incurred as a result of reduction-in-force driven by our restructuring plan and closure of offices and facilities. These costs were driven primarily by the closure of our San Rafael, California office, Santa Clara, California office, Los Angeles, California office, and the sale of our Hanover manufacturing facility. Lease Costs In August 2020, the Company closed its leased Santa Clara, California office and entered into a sublease agreement. In the fourth quarter of fiscal year 2020 the Company closed its leased Los Angeles, California office and plans to sublease the office. Other restructuring costs For the three and nine months ended February 28, 2021, other restructuring costs primarily related to consulting costs to execute the Company’s restructuring plan to drive enhanced profitability, focus the business on its strategic assets, and redesign the organization to be the appropriate size to compete and thrive. The following table summarizes the restructuring costs recognized in the Company’s Consolidated Statements of (Loss) Income, by Business Segment:
(in thousands) | Curation Foods |  | Lifecore |  | Other |  | Total
Three Months Ended February 28, 2021 |  |  |  |  |  |  |
Asset write-off costs | $ | 1,877 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,877 |
Employee severance and benefit costs | 315 |  |  | — |  |  | — |  |  | 315 |
Lease costs | — |  |  | — |  |  | — |  |  | — |
Other restructuring costs | 393 |  |  | — |  |  | 115 |  |  | 508 |
Total restructuring costs | $ | 2,585 |  |  | $ | — |  |  | $ | 115 |  |  | $ | 2,700 |
| Curation Foods |  | Lifecore |  | Other |  | Total
Nine Months Ended February 28, 2021 |  |  |  |  |  |  |
Asset write-off costs | $ | 7,882 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,882 |
Employee severance and benefit costs | 1,430 |  |  | — |  |  | — |  |  | 1,430 |
Lease costs | — |  |  | — |  |  | — |  |  | — |
Other restructuring costs | 2,536 |  |  | — |  |  | 918 |  |  | 3,454 |
Total restructuring costs | $ | 11,848 |  |  | $ | — |  |  | $ | 918 |  |  | $ | 12,766 |
The following table summarizes the restructuring costs recognized in the Company’s Consolidated Statements of (Loss) Income, by Business Segment, since inception of the restructuring plan in fiscal year 2020 through the nine months ended February 28, 2021:
| Curation Foods |  | Lifecore |  | Other |  | Total
(in thousands) |  |  |  |  |  |  |
Asset write-off costs, net | $ | 20,544 |  |  | $ | — |  |  | $ | 418 |  |  | $ | 20,962 |
Employee severance and benefit costs | 2,899 |  |  | — |  |  | 784 |  |  | 3,683 |
Lease costs | 392 |  |  | — |  |  | 26 |  |  | 418 |
Other restructuring costs | 3,559 |  | — |  |  | 1,429 |  | 4,988
Total restructuring costs | $ | 27,394 |  |  | $ | — |  |  | $ | 2,657 |  |  | $ | 30,051 |
The total expected cost related to the restructuring plan is approximately $32.0 million.

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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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