Restructuring (Tables)

6 Months Ended

Nov. 30, 2021

Restructuring and Related Activities [Abstract]

Summary of Charges Recorded in Connection with Restructuring by Reportable Segment

Following is a summary of the charges recorded in connection with restructuring by reportable segment:

	Three Months Ended		Six Months Ended			Cumulative Costs		Total Expected
(In thousands)	November 30, 2021		November 30, 2021			to Date		Costs
Construction Products Group ("CPG") Segment:
Severance and benefit costs (credits) (a)	$	177	$	(316	)	$	20,972	$	21,072
Facility closure and other related costs		503		1,043			7,623		7,785
Other restructuring costs		-		4			1,982		1,982
Total Charges	$	680	$	731		$	30,577	$	30,839
Performance Coatings Group ("PCG") Segment:
Severance and benefit costs (b)	$	-	$	128		$	16,487	$	16,832
Facility closure and other related costs		250		658			7,287		8,372
Other restructuring costs		-		-			917		917
Total Charges	$	250	$	786		$	24,691	$	26,121
Consumer Segment:
Severance and benefit costs	$	-	$	-		$	12,307	$	12,307
Facility closure and other related costs		271		511			12,592		13,088
Other restructuring costs		-		-			4,420		4,420
Total Charges	$	271	$	511		$	29,319	$	29,815
Specialty Products Group ("SPG") Segment:
Severance and benefit costs (c)	$	115	$	203		$	8,330	$	8,898
Facility closure and other related costs		147		245			5,835		6,732
Other restructuring costs (credits)		1		(1	)		1,220		1,220
Total Charges	$	263	$	447		$	15,385	$	16,850
Corporate/Other Segment:
Severance and benefit costs (d)	$	1,513	$	1,513		$	15,051	$	15,051
Total Charges	$	1,513	$	1,513		$	15,051	$	15,051
Consolidated:
Severance and benefit costs	$	1,805	$	1,528		$	73,147	$	74,160
Facility closure and other related costs		1,171		2,457			33,337		35,977
Other restructuring costs		1		3			8,539		8,539
Total Charges	$	2,977	$	3,988		$	115,023	$	118,676

(a) Severance and benefit costs are associated with the elimination of 11 positions during the three months ended November 30, 2021. Severance and benefit recoveries are associated with the adjustment of previously estimated severance accruals partially offset by the elimination of 16 positions during the six months ended November 30, 2021.

(b) Severance and benefit costs are associated with the elimination of three positions during the six months ended November 30, 2021.

(c) Severance and benefit costs are associated with the elimination of 16 positions during the six months ended November 30, 2021.

(d) Severance and benefit costs are associated with the elimination of one position during the three months ended November 30, 2021.

	Three Months Ended			Six Months Ended
(In thousands)	November 30, 2020			November 30, 2020
CPG Segment:
Severance and benefit costs (e)	$	1,394		$	1,574
Facility closure and other related costs		440			808
Other restructuring costs		62			99
Total Charges	$	1,896		$	2,481
PCG Segment:
Severance and benefit costs (f)	$	802		$	1,841
Facility closure and other related costs		556			844
Other restructuring costs		184			213
Total Charges	$	1,542		$	2,898
Consumer Segment:
Severance and benefit costs (g)	$	(4	)	$	786
Facility closure and other related costs		785			1,382
Other restructuring costs		204			302
Total Charges	$	985		$	2,470
SPG Segment:
Severance and benefit costs (h)	$	(57	)	$	411
Facility closure and other related costs		507			775
Other restructuring costs		45			116
Total Charges	$	495		$	1,302
Corporate/Other Segment:
Severance and benefit costs	$	-		$	-
Total Charges	$	-		$	-
Consolidated:
Severance and benefit costs	$	2,135		$	4,612
Facility closure and other related costs		2,288			3,809
Other restructuring costs		495			730
Total Charges	$	4,918		$	9,151

(e) Severance and benefit costs are associated with the elimination of 12 positions and 21 positions during the three and six months ended November 30, 2020, respectively.

(f) Severance and benefit costs are associated with the elimination of 11 positions and 50 positions during the three and six months ended November 30, 2020, respectively.

(g) Severance and benefit recoveries are associated with the adjustment of estimated severance accruals for the three months ended November 30, 2020. Severance and benefit costs for the six months ended November 30, 2020 are associated with the elimination of three positions partially offset by the adjustment in severance accruals during the period.

(h) Severance and benefit recoveries for the three months ended November 30, 2020 are associated with the reversal of severance accruals made for five positions which will no longer be eliminated, partially offset by the charges incurred related to the elimination of one position. Severance and benefit charges for the six months ended November 30, 2020 are associated with the elimination of 24 positions.

Summary of Activity in Restructuring Reserves

A summary of the activity in the restructuring reserves related to our MAP to Growth is as follows:

(in thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Other Restructuring Costs			Total
Balance at August 31, 2021	$	2,386		$	951		$	-		$	3,337
Additions charged to expense		1,805			1,171			1			2,977
Cash payments charged against reserve		(2,044	)		(1,039	)		-			(3,083	)
Non-cash charges and other adjustments		(576	)		(187	)		(1	)		(764	)
Balance at November 30, 2021	$	1,571		$	896		$	-		$	2,467
(In thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Other Restructuring Costs			Total
Balance at June 1, 2021	$	4,430		$	1,290		$	-			5,720
Additions charged to expense		1,528			2,457			3			3,988
Cash payments charged against reserve		(3,808	)		(2,287	)		-			(6,095	)
Non-cash charges and other adjustments		(579	)		(564	)		(3	)		(1,146	)
Balance at November 30, 2021	$	1,571		$	896		$	-		$	2,467
(In thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Other Restructuring Costs			Total
Balance at August 31, 2020	$	4,893		$	6,138		$	-		$	11,031
Additions charged to expense		2,135			2,288			495			4,918
Cash payments charged against reserve		(2,373	)		(2,530	)		(335	)		(5,238	)
Non-cash charges and other adjustments		-			-			(160	)		(160	)
Balance at November 30, 2020	$	4,655		$	5,896		$	-		$	10,551
(In thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Other Restructuring Costs			Total
Balance at June 1, 2020	$	7,357		$	5,880		$	-		$	13,237
Additions charged to expense		4,612			3,809			730			9,151
Cash payments charged against reserve		(7,314	)		(3,793	)		(335	)		(11,442	)
Non-cash charges and other adjustments		-			-			(395	)		(395	)
Balance at November 30, 2020	$	4,655		$	5,896		$	-		$	10,551