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Restructuring (Tables)
 3 Months Ended
Aug. 31, 2019
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

 

 

Three Months

Ended

 

 

Cumulative

Costs

 

 

Total Expected

 

(in thousands)

 

August 31, 2019

 

 

August 31, 2018

 

 

to Date

 

 

Costs

 

Construction Products Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (a)

 

$

160

 

 

$

2,419

 

 

$

11,389

 

 

$

20,182

 

Facility closure and other related costs

 

 

688

 

 

 

13

 

 

 

3,657

 

 

 

4,404

 

Other asset write-offs

 

 

-

 

 

 

365

 

 

 

1,590

 

 

 

1,929

 

Total Charges

 

$

848

 

 

$

2,797

 

 

$

16,636

 

 

$

26,515

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Coatings Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (b)

 

$

2,500

 

 

$

4,405

 

 

$

8,913

 

 

$

14,617

 

Facility closure and other related costs

 

 

109

 

 

 

423

 

 

 

3,583

 

 

 

6,689

 

Other asset write-offs

 

 

-

 

 

 

213

 

 

 

351

 

 

 

1,207

 

Total Charges

 

$

2,609

 

 

$

5,041

 

 

$

12,847

 

 

$

22,513

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Products Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (c)

 

$

767

 

 

$

1,019

 

 

$

8,145

 

 

$

11,663

 

Facility closure and other related costs

 

 

516

 

 

 

-

 

 

 

7,208

 

 

 

9,308

 

Other asset write-offs

 

 

-

 

 

 

-

 

 

 

25

 

 

 

25

 

Total Charges

 

$

1,283

 

 

$

1,019

 

 

$

15,378

 

 

$

20,996

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty Products Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (d)

 

$

366

 

 

$

2,220

 

 

$

5,702

 

 

$

8,979

 

Facility closure and other related costs

 

 

1,459

 

 

 

-

 

 

 

2,703

 

 

 

6,330

 

Other asset write-offs

 

 

64

 

 

 

-

 

 

 

1,067

 

 

 

1,425

 

Total Charges

 

$

1,889

 

 

$

2,220

 

 

$

9,472

 

 

$

16,734

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate/Other Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (e)

 

$

(7

)

 

$

8,999

 

 

$

12,113

 

 

$

12,113

 

Total Charges

 

$

(7

)

 

$

8,999

 

 

$

12,113

 

 

$

12,113

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs

 

$

3,786

 

 

$

19,062

 

 

$

46,262

 

 

$

67,554

 

Facility closure and other related costs

 

 

2,772

 

 

 

436

 

 

 

17,151

 

 

 

26,731

 

Other asset write-offs

 

 

64

 

 

 

578

 

 

 

3,033

 

 

 

4,586

 

Total Charges

 

$

6,622

 

 

$

20,076

 

 

$

66,446

 

 

$

98,871

 

 

(a)

Severance and benefit costs are associated with the elimination of 21 positions and 31 positions during the three months ended August 31, 2019 and 2018, respectively.  Additionally, $0.2 million included in the charges incurred during the three months ended August 31, 2018 are associated with the prior elimination of one position within the legal function during fiscal 2018.

(b)

Severance and benefit costs are associated with the elimination of 51 positions and 85 positions during the three months ended August 31, 2019 and 2018, respectively.

(c)

Severance and benefit costs are associated with the elimination of 2 positions and 9 positions during the three months ended August 31, 2019 and 2018, respectively.

(d)

Severance and benefit costs are associated with the elimination of 10 positions and 25 positions during the three months ended August 31, 2019 and 2018, respectively.

(e)

Charges for the three months ended August 31, 2018 reflect the severance of two corporate executives, as well as accelerated vesting of equity awards for two corporate executives, four specialty segment executives and two construction 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 June 1, 2018

 

$

9,957

 

 

$

6,184

 

 

$

1,373

 

 

$

17,514

 

Additions charged to expense

 

 

19,062

 

 

 

436

 

 

 

578

 

 

 

20,076

 

Cash payments charged against reserve

 

 

(12,575

)

 

 

(418

)

 

 

 

 

 

 

(12,993

)

Non-cash charges included above (e)

 

 

(5,484

)

 

 

(838

)

 

 

(1,951

)

 

 

(8,273

)

Balance at August 31, 2018

 

$

10,960

 

 

$

5,364

 

 

$

-

 

 

$

16,324

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Severance and

Benefits Costs

 

 

Facility

Closure and

Other Related

Costs

 

 

Other Asset

Write-Offs

 

 

Total

 

Balance at June 1, 2019

 

$

4,837

 

 

$

7,857

 

 

$

-

 

 

 

12,694

 

Additions charged to expense

 

 

3,786

 

 

 

2,772

 

 

 

64

 

 

 

6,622

 

Cash payments charged against reserve

 

 

(5,677

)

 

 

(334

)

 

 

-

 

 

 

(6,011

)

Non-cash charges included above (e)

 

 

-

 

 

 

(865

)

 

 

(64

)

 

 

(929

)

Balance at August 31, 2019

 

$

2,946

 

 

$

9,430

 

 

$

-

 

 

$

12,376

 

 

(e)

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