Restructuring (Tables)

9 Months Ended

Feb. 28, 2022

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			Nine Months Ended			Cumulative Costs		Total Expected
(In thousands)	February 28, 2022			February 28, 2022			to Date		Costs
Construction Products Group ("CPG") Segment:
Severance and benefit costs (credits) (a)	$	(7	)	$	(322	)	$	20,966	$	21,066
Facility closure and other related costs		325			1,368			7,948		8,191
Other restructuring costs		-			4			1,982		1,982
Total Charges	$	318		$	1,050		$	30,896	$	31,239
Performance Coatings Group ("PCG") Segment:
Severance and benefit costs (b)	$	65		$	193		$	16,552	$	17,261
Facility closure and other related costs		121			779			7,408		8,188
Other restructuring costs		-			-			917		947
Total Charges	$	186		$	972		$	24,877	$	26,396
Consumer Segment:
Severance and benefit costs	$	-		$	-		$	12,307	$	12,307
Facility closure and other related costs		277			788			12,869		13,088
Other restructuring costs		-			-			4,420		4,420
Total Charges	$	277		$	788		$	29,596	$	29,815
Specialty Products Group ("SPG") Segment:
Severance and benefit costs (c)	$	47		$	249		$	8,376	$	8,726
Facility closure and other related costs		312			557			6,147		6,380
Other restructuring costs (credits)		-			(1	)		1,220		1,220
Total Charges	$	359		$	805		$	15,743	$	16,326
Corporate/Other Segment:
Severance and benefit costs (d)	$	-		$	1,513		$	15,051	$	15,051
Total Charges	$	-		$	1,513		$	15,051	$	15,051
Consolidated:
Severance and benefit costs	$	105		$	1,633		$	73,252	$	74,411
Facility closure and other related costs		1,035			3,492			34,372		35,847
Other restructuring costs		-			3			8,539		8,569
Total Charges	$	1,140		$	5,128		$	116,163	$	118,827

(a) Severance and benefit recoveries are associated with the adjustment of previously estimated severance accruals partially offset by the elimination of 16 positions during the nine months ended February 28, 2022.

(b) Severance and benefit costs are associated with the elimination of one position and four positions during the three and nine months ended February 28, 2022, respectively.

(c) Severance and benefit costs are associated with the elimination of two and 18 positions during the three and nine months ended February 28, 2022, respectively.

(d) Severance and benefit costs are associated with the elimination of one position during the nine months ended February 28, 2022.

	Three Months Ended			Nine Months Ended
(In thousands)	February 28, 2021			February 28, 2021
CPG Segment:
Severance and benefit costs (e)	$	255		$	1,829
Facility closure and other related costs		665			1,473
Other restructuring costs (credits)		(60	)		38
Total Charges	$	860		$	3,340
PCG Segment:
Severance and benefit costs (f)	$	118		$	1,959
Facility closure and other related costs		265			1,109
Other restructuring costs		-			213
Total Charges	$	383		$	3,281
Consumer Segment:
Severance and benefit costs (g)	$	11		$	797
Facility closure and other related costs		1,300			2,682
Other restructuring costs		-			302
Total Charges	$	1,311		$	3,781
SPG Segment:
Severance and benefit costs (h)	$	49		$	461
Facility closure and other related costs		385			1,160
Other restructuring costs		-			116
Total Charges	$	434		$	1,737
Corporate/Other Segment:
Severance and benefit costs	$	141		$	141
Total Charges	$	141		$	141
Consolidated:
Severance and benefit costs	$	574		$	5,187
Facility closure and other related costs		2,615			6,424
Other restructuring costs (credits)		(60	)		669
Total Charges	$	3,129		$	12,280

(e) Severance and benefit costs are associated with the elimination of three positions and 24 positions during the three and nine months ended February 28, 2021, respectively.

(f) Severance and benefit costs are associated with the elimination of five positions and 55 positions during the three and nine months ended February 28, 2021, respectively.

(g) Severance and benefit costs for the nine months ended February 28, 2021 are associated with the elimination of three positions, partially offset by the adjustment in severance accruals during the period. There were no position eliminations during the three months ended February 28, 2021.

(h) Severance and benefit costs are associated with the elimination of three positions and 27 positions during the three and nine months ended February 28, 2021, respectively.

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 November 30, 2021	$	1,571		$	896		$	-		$	2,467
Additions charged to expense		105			1,035			-			1,140
Cash payments charged against reserve		(506	)		(868	)		-			(1,374	)
Non-cash charges and other adjustments		(95	)		(28	)		-			(123	)
Balance at February 28, 2022	$	1,075		$	1,035		$	-		$	2,110
(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		1,633			3,492			3			5,128
Cash payments charged against reserve		(4,314	)		(3,155	)		-			(7,469	)
Non-cash charges and other adjustments		(674	)		(592	)		(3	)		(1,269	)
Balance at February 28, 2022	$	1,075		$	1,035		$	-		$	2,110
(In thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Other Restructuring Costs			Total
Balance at November 30, 2020	$	4,655		$	5,896		$	-		$	10,551
Additions charged to expense		574			2,615			(60	)		3,129
Cash payments charged against reserve		(1,699	)		(2,968	)		-			(4,667	)
Non-cash charges and other adjustments		71			(4,292	)		60			(4,161	)
Balance at February 28, 2021	$	3,601		$	1,251		$	-		$	4,852
(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		5,187			6,424			669			12,280
Cash payments charged against reserve		(9,014	)		(6,761	)		(335	)		(16,110	)
Non-cash charges and other adjustments		71			(4,292	)		(334	)		(4,555	)
Balance at February 28, 2021	$	3,601		$	1,251		$	-		$	4,852