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Restructuring (Tables)
 9 Months Ended
Feb. 28, 2019
Restructuring And Related Activities [Abstract]  
Summary of Charges Recorded in Connection with Restructuring by Reportable Segment

A summary of the charges recorded in connection with restructuring by reportable segment during fiscal 2019 is as follows:

 

 

 

Three Months Ended

 

Nine Months Ended

 

Cumulative Costs

 

Total Expected

 

(in thousands)

 

February 28, 2019

 

February 28, 2019

 

to Date

 

Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (a)

 

$

1,263

 

$

11,035

 

$

13,204

 

$

15,783

 

Facility closure and other related costs

 

 

3,228

 

 

4,531

 

 

5,576

 

 

9,815

 

Other asset write-offs

 

 

(79

)

 

648

 

 

2,021

 

 

3,012

 

Total Charges

 

$

4,412

 

$

16,214

 

$

20,801

 

$

28,610

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (b)

 

$

620

 

$

2,450

 

$

8,102

 

$

8,102

 

Facility closure and other related costs

 

 

1,078

 

 

1,248

 

 

6,387

 

 

8,817

 

Other asset write-offs

 

 

996

 

 

998

 

 

998

 

 

1,279

 

Total Charges

 

$

2,694

 

$

4,696

 

$

15,487

 

$

18,198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (c)

 

$

1,512

 

$

5,445

 

$

5,445

 

$

6,351

 

Facility closure and other related costs

 

 

31

 

 

31

 

 

31

 

 

2,280

 

Other asset write-offs

 

 

5

 

 

8

 

 

8

 

 

256

 

Total Charges

 

$

1,548

 

$

5,484

 

$

5,484

 

$

8,887

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate/Other Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (d)

 

$

25

 

$

10,085

 

$

12,221

 

$

12,657

 

Total Charges

 

$

25

 

$

10,085

 

$

12,221

 

$

12,657

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs

 

$

3,420

 

$

29,015

 

$

38,972

 

$

42,893

 

Facility closure and other related costs

 

 

4,337

 

 

5,810

 

 

11,994

 

 

20,912

 

Other asset write-offs

 

 

922

 

 

1,654

 

 

3,027

 

 

4,547

 

Total Charges

 

$

8,679

 

$

36,479

 

$

53,993

 

$

68,352

 

 

(a)

Current quarter and year charges of $1.3 million and $11.0 million, respectively, are associated with the elimination of 150 positions, of which 2 occurred in the current quarter.  Additionally, $0.2 million included in the current year charges are associated with the prior elimination of one position within the legal function during fiscal 2018.

(b)

Current quarter and year charges of $0.6 million and $2.5 million, respectively, are associated with the elimination of 63 positions, of which 19 occurred in the current quarter.  

(c)

Current quarter and year charges of $1.5 million and $5.4 million, respectively, are associated with the elimination of 109 positions, of which 2 occurred in the current quarter.  

(d)

Reflects charges related to the severance of two corporate executives, as well as accelerated vesting of equity awards for two corporate executives, four specialty segment executives and three industrial segment executives in connection with the aforementioned restructuring activities.

Summary of Activity in Restructuring Reserves

A summary of the activity in the restructuring reserves related to our 2020 MAP to Growth is as follows:

 

(in thousands)

Severance and Benefits Costs

 

Facility Closure and Other Related Costs

 

Other Asset Write-Offs

 

Total

 

Balance at November 30, 2018

$

10,427

 

$

2,535

 

$

-

 

 

12,962

 

Additions charged to expense

 

3,420

 

 

4,337

 

 

922

 

 

8,679

 

Cash payments charged against reserve

 

(4,975

)

 

(1,872

)

 

-

 

 

(6,847

)

Non-cash charges included above (e)

 

-

 

 

(6

)

 

(922

)

 

(928

)

Balance at February 28, 2019

$

8,872

 

$

4,994

 

$

-

 

$

13,866

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

Severance and Benefits Costs

 

Facility Closure and Other Related Costs

 

Other Asset Write-Offs

 

Total

 

Balance at June 1, 2018

$

9,957

 

$

6,184

 

$

1,373

 

$

17,514

 

Additions charged to expense

 

29,015

 

 

5,810

 

 

1,654

 

 

36,479

 

Cash payments charged against reserve

 

(23,563

)

 

(3,620

)

 

 

 

 

(27,183

)

Non-cash charges included above (e)

 

(6,537

)

 

(3,380

)

 

(3,027

)

 

(12,944

)

Balance at February 28, 2019

$

8,872

 

$

4,994

 

$

-

 

$

13,866

 

 

(e)

Non-cash charges primarily include accelerated vesting of equity awards and asset-write offs.