Restructuring (Tables)

9 Months Ended

Feb. 28, 2021

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, 2021			February 28, 2021		to Date		Costs
Construction Products Group ("CPG") Segment:
Severance and benefit costs (a)	$	255		$	1,829	$	19,923	$	20,615
Facility closure and other related costs		665			1,473		5,950		6,617
Other restructuring costs		(60	)		38		1,978		1,978
Total Charges	$	860		$	3,340	$	27,851	$	29,210

Performance Coatings Group ("PCG") Segment:
Severance and benefit costs (b)	$	118		$	1,959	$	15,344	$	16,748
Facility closure and other related costs		265			1,109		6,456		7,327
Other restructuring costs		-			213		814		814
Total Charges	$	383		$	3,281	$	22,614	$	24,889

Consumer Segment:
Severance and benefit costs (c)	$	11		$	797	$	11,264	$	11,836
Facility closure and other related costs		1,300			2,682		11,619		12,584
Other restructuring costs		-			302		4,421		4,451
Total Charges	$	1,311		$	3,781	$	27,304	$	28,871

Specialty Products Group ("SPG") Segment:
Severance and benefit costs (d)	$	49		$	461	$	7,391	$	8,494
Facility closure and other related costs		385			1,160		5,326		6,965
Other restructuring costs		-			116		1,238		1,238
Total Charges	$	434		$	1,737	$	13,955	$	16,697

Corporate/Other Segment:
Severance and benefit costs	$	141		$	141	$	13,488	$	13,488
Total Charges	$	141		$	141	$	13,488	$	13,488

Consolidated:
Severance and benefit costs	$	574		$	5,187	$	67,410	$	71,181
Facility closure and other related costs		2,615			6,424		29,351		33,493
Other restructuring costs		(60	)		669		8,451		8,481
Total Charges	$	3,129		$	12,280	$	105,212	$	113,155

(a)	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.

(b)	Severance and benefit costs are associated with the elimination of 5 position and 55 positions during the three and nine months ended February 28, 2021, respectively.

(c)	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.

(d)	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.

	Three Months Ended		Nine Months Ended
(In thousands)	February 29, 2020		February 29, 2020
CPG Segment:
Severance and benefit costs (e)	$	2,018	$	3,625
Facility closure and other related costs		484		1,282
Other restructuring costs		232		271
Total Charges	$	2,734	$	5,178

PCG Segment:
Severance and benefit costs (f)	$	477	$	3,408
Facility closure and other related costs		762		1,507
Other restructuring costs		122		294
Total Charges	$	1,361	$	5,209

Consumer Segment:
Severance and benefit costs (g)	$	445	$	1,992
Facility closure and other related costs		563		1,423
Other restructuring costs		8		8
Total Charges	$	1,016	$	3,423

SPG Segment:
Severance and benefit costs (h)	$	643	$	1,057
Facility closure and other related costs		356		2,546
Other restructuring costs		-		104
Total Charges	$	999	$	3,707

Corporate/Other Segment:
Severance and benefit costs (i)	$	1,233	$	1,249
Total Charges	$	1,233	$	1,249

Consolidated:
Severance and benefit costs	$	4,816	$	11,331
Facility closure and other related costs		2,165		6,758
Other restructuring costs		362		677
Total Charges	$	7,343	$	18,766

(e)	Severance and benefit costs are associated with the elimination of 27 positions and 73 positions during the three and nine months ended February 29, 2020, respectively.

(f)	Severance and benefit costs are associated with the elimination of one position and 70 positions during the three and nine months ended February 29, 2020, respectively.

(g)	Severance and benefit costs are associated with the elimination of five positions and 16 positions during the three and nine months ended February 29, 2020, respectively.

(h)	Severance and benefit costs are associated with the elimination of four positions and 63 positions during the three and nine months ended February 29, 2020, respectively.

(i)	Severance and benefit costs are associated with the elimination of two positions during the three and nine months ended February 29, 2020, respectively.

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, 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

(In thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Other Restructuring Costs			Total
Balance at November 30, 2019	$	3,566		$	6,080		$	-		$	9,646
Additions charged to expense		4,816			2,165			362			7,343
Cash payments charged against reserve		(3,182	)		(2,578	)		-			(5,760	)
Non-cash charges included above		(161	)		-			(362	)		(523	)
Balance at February 29, 2020	$	5,039		$	5,667		$	-		$	10,706

(In thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Other Restructuring Costs			Total
Balance at June 1, 2019	$	4,837		$	7,857		$	-		$	12,694
Additions charged to expense		11,331			6,758			677			18,766
Cash payments charged against reserve		(10,968	)		(7,928	)		-			(18,896	)
Non-cash charges included above		(161	)		(1,020	)		(677	)		(1,858	)
Balance at February 29, 2020	$	5,039		$	5,667		$	-		$	10,706