Restructuring and Severance

12 Months Ended

Nov. 30, 2018

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring and Severance

The following table summarizes restructuring and severance charges for the years ended 2019, 2018, and 2017:

	November 30,
	2019		2018		2017
	(Dollars in Millions)
Severance Expense:
Specialty Solutions	$	0.4	$	0.7	$	0.6
Performance Materials	2.2		1.1		1.7
Corporate	0.3		0.9		2.9
Total Severance Costs	$	2.9	$	2.7	$	5.2
Facility Closure Costs:
Specialty Solutions	$	—	$	—	$	—
Performance Materials	2.4		0.8		0.5
Total Facility Closure Costs	$	2.4	$	0.8	$	0.5
Total Restructuring and Severance Costs	$	5.3	$	3.5	$	5.7

Costs for restructuring plans are recognized as a component of restructuring and severance expense within the consolidated statements of operations. The Company initiated the following restructuring plans:

2018 Restructuring Plan

During the third quarter of fiscal 2018, the Company announced its plan to close its styrene butadiene manufacturing facility in Green Bay, Wisconsin, moving production to our Mogadore, Ohio facility. The Company incurred $4.3 million of restructuring and severance expenses in fiscal 2019 related to this plan. Total expense incurred to date for this plan is $6.1 million, all of which has been paid as of November 30, 2019. As of November 30, 2019, the plan was considered complete.

2017 Restructuring Plan

Restructuring and severance activities initiated in 2017 include the One OMNOVA initiative announced during the first quarter of 2017. The One OMNOVA initiative is focused on improving functional excellence in marketing, sales, operations, supply chain and technology, as well as various corporate functions. The plan is designed to reduce complexity and drive consistency across the global enterprise through a standardized, integrated business system. The Company incurred $1.0 million of restructuring and severance expense in fiscal 2019 related to this plan. Total expense incurred to date for this plan is $6.2 million, all of which has been paid as of November 30, 2019. As of November 30, 2019, the plan was considered complete.

2016 Restructuring Plan

Restructuring and severance activities initiated in 2016 included continued cost reduction and efficiency improvement actions, as well as a change in the Company’s CEO. For these activities, the Company has incurred and paid restructuring and severance costs of $7.6 million. As of November 30, 2018, the plan was considered complete.

The following table summarizes the Company’s liabilities related to restructuring and severance activities:

	Beginning Balance		Provision		Payments		Ending Balance November 30,
	(Dollars in millions)
2017	$	4.2	$	5.7	$	7.7	$	2.2
2018	2.2		3.5		4.6		1.1
2019	1.1		5.3		6.4		—