Restructuring and Other Expense (Income) (Tables)

12 Months Ended

May 31, 2014

Schedule of Progression of Liabilities Associated with Restructuring Activities, Combined with Reconciliation to Restructuring and Other Expense (Income)

A progression of the liabilities associated with our restructuring activities, combined with a reconciliation to the restructuring and other expense (income) financial statement caption in our consolidated statement of earnings for fiscal 2014, is summarized as follows:

(in thousands)	Beginning Balance		Expense			Payments			Adjustments			Ending Balance
Early retirement and severance	$	5,029	$	6,236		$	(4,703	)	$	(67	)	$	6,495
Facility exit and other costs		1,200		2,477			(3,021	)		(122	)		534
	$	6,229		8,713		$	(7,724	)	$	(189	)	$	7,029
Net gain on sale of assets				(10,589	)
Less: joint venture transactions				(1,036	)
Restructuring and other income			$	(2,912	)

A progression of the liabilities associated with our restructuring activities, combined with a reconciliation to the restructuring and other expense financial statement caption in our consolidated statement of earnings for fiscal 2013, is summarized as follows:

(in thousands)	Beginning Balance		Expense			Payments			Adjustments		Ending Balance
Early retirement and severance	$	4,892	$	2,228		$	(2,388	)	$	297	$	5,029
Facility exit and other costs		691		2,347			(2,378	)		540		1,200
	$	5,583		4,575		$	(4,766	)	$	837	$	6,229
Net gain on sale of assets				(1,886	)
Less: joint venture transactions				604
Restructuring and other expense			$	3,293