Exit Costs Related to Idle Facility

12 Months Ended

Aug. 31, 2017

Exit Costs Related to Idle Facility

Exit Costs Related to Idle Facility

Note 20—Exit Costs Related to Idle Facility

In fiscal 2017 and 2016, the Company recognized $70 and $935, respectively, in expenses to raze its Randolph, MA facility, which has been idle regarding production for several years. The Company began marketing the site for sale and reclassified the net book value of the facility to assets held for sale during the second quarter of fiscal 2016. These actions were taken as part of the Company’s on-going facility consolidation and rationalization initiative. The Company substantially completed the demolition of the structure in the fourth fiscal quarter of 2016, and completed other environmental aspects of the project during fiscal 2017. The sale of the property is anticipated to follow in a subsequent period, and any future expenses related to the project are not anticipated to be material.   See Note 21 to the Consolidated Financial Statements for additional information on assets held for sale.