XML 39 R28.htm IDEA: XBRL DOCUMENT v3.23.1
Restructuring (Tables)
9 Months Ended
Feb. 28, 2023
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 MAP 2025 by reportable segment as well as the total expected costs related to projects identified to date:

 

 

Three Months
Ended

 

 

Nine Months
Ended

 

 

Cumulative
Costs

 

 

Total
Expected

 

(In thousands)

 

February 28, 2023

 

 

February 28, 2023

 

 

to Date

 

 

Costs

 

Construction Products Group ("CPG") Segment:

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs

 

$

324

 

 

$

324

 

 

$

324

 

 

$

3,755

 

Total Charges

 

$

324

 

 

$

324

 

 

$

324

 

 

$

3,755

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Coatings Group ("PCG") Segment:

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs

 

$

573

 

 

$

573

 

 

$

573

 

 

$

3,038

 

Facility closure and other related costs

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,000

 

Other restructuring costs (a)

 

 

2,537

 

 

 

2,537

 

 

 

2,537

 

 

 

2,552

 

Total Charges

 

$

3,110

 

 

$

3,110

 

 

$

3,110

 

 

$

6,590

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Segment:

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs

 

$

13

 

 

$

13

 

 

$

13

 

 

$

4,018

 

Total Charges

 

$

13

 

 

$

13

 

 

$

13

 

 

$

4,018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty Products Group ("SPG") Segment:

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs

 

$

-

 

 

$

-

 

 

$

-

 

 

$

740

 

Facility closure and other related costs

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3,059

 

Total Charges

 

$

-

 

 

$

-

 

 

$

-

 

 

$

3,799

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated:

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs

 

$

910

 

 

$

910

 

 

$

910

 

 

$

11,551

 

Facility closure and other related costs

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,059

 

Other restructuring costs

 

 

2,537

 

 

 

2,537

 

 

 

2,537

 

 

 

2,552

 

Total Charges

 

$

3,447

 

 

$

3,447

 

 

$

3,447

 

 

$

18,162

 

(a)
Other restructuring costs are associated with the impairment of an indefinite-lived tradename as described below in Note 4, "Goodwill and Other Intangible Assets," of the Consolidated Financial Statements.