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Restructuring (Tables)
 12 Months Ended
May 31, 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 is as follows:

 

 

Year Ended

 

Year Ended

 

Cumulative Costs

 

Total Expected

 

(in thousands)

 

May 31, 2019

 

May 31, 2018

 

to Date

 

Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (a)

 

$

14,032

 

$

2,169

 

$

16,201

 

$

21,123

 

Facility closure and other related costs

 

 

5,398

 

 

1,045

 

 

6,443

 

 

10,532

 

Other asset write-offs

 

 

569

 

 

1,373

 

 

1,942

 

 

2,873

 

Total Charges

 

$

19,999

 

$

4,587

 

$

24,586

 

$

34,528

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (b)

 

$

2,516

 

$

5,652

 

$

8,168

 

$

8,168

 

Facility closure and other related costs

 

 

2,445

 

 

5,139

 

 

7,584

 

 

12,200

 

Other asset write-offs

 

 

998

 

 

-

 

 

998

 

 

1,212

 

Total Charges

 

$

5,959

 

$

10,791

 

$

16,750

 

$

21,580

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (c)

 

$

5,987

 

$

-

 

$

5,987

 

$

8,488

 

Facility closure and other related costs

 

 

352

 

 

-

 

 

352

 

 

4,351

 

Other asset write-offs

 

 

29

 

 

-

 

 

29

 

 

347

 

Total Charges

 

$

6,368

 

$

-

 

$

6,368

 

$

13,186

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate/Other Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (d)

 

$

9,984

 

$

2,136

 

$

12,120

 

$

12,120

 

Total Charges

 

$

9,984

 

$

2,136

 

$

12,120

 

$

12,120

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated:

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs

 

$

32,519

 

$

9,957

 

$

42,476

 

$

49,899

 

Facility closure and other related costs

 

 

8,195

 

 

6,184

 

 

14,379

 

 

27,083

 

Other asset write-offs

 

 

1,596

 

 

1,373

 

 

2,969

 

 

4,432

 

Total Charges

 

$

42,310

 

$

17,514

 

$

59,824

 

$

81,414

 

 

a)

Fiscal 2019 and 2018 charges of $14.0 million and $2.2 million, respectively, are associated with the elimination of 199 and 28 positions during fiscal 2019 and 2018, respectively. 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)

Fiscal 2019 and 2018 charges of $2.5 million and $5.7 million, respectively, are associated with the elimination of  66 and 155 positions during fiscal 2019 and 2018, respectively.

c)

Fiscal 2019 charges of $6.0 million are associated with the elimination of 109 positions. There were no such charges in fiscal 2018.

d)

Reflects current-year 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 the 2020 MAP to Growth plan is as follows:

 

(in thousands)

Severance and Benefits Costs

 

Facility Closure and Other Related Costs

 

Other Asset Write-Offs

 

Total

 

Balance at June 1, 2017

$

-

 

$

-

 

$

-

 

$

-

 

Additions charged to expense

 

9,957

 

 

6,184

 

 

1,373

 

 

17,514

 

Balance at May 31, 2018

$

9,957

 

$

6,184

 

$

1,373

 

$

17,514

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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

 

32,519

 

 

8,195

 

 

1,596

 

 

42,310

 

Cash payments charged against reserve

 

(31,219

)

 

(3,019

)

 

-

 

 

(34,238

)

Non-cash charges included above (e)

 

(6,420

)

 

(3,503

)

 

(2,969

)

 

(12,892

)

Balance at May 31, 2019

$

4,837

 

$

7,857

 

$

-

 

$

12,694