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Restructuring (Tables)
12 Months Ended
May 31, 2022
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

 

Year Ended

 

Cumulative
Costs

 

Total
Expected

 

(In thousands)

 

May 31, 2022

 

May 31, 2021

 

May 31, 2020

 

to Date

 

Costs

 

CPG Segment:

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (credits) (a)

 

$

(163

)

$

3,194

 

$

6,866

 

$

21,125

 

$

21,125

 

Facility closure and other related costs

 

 

1,810

 

 

2,103

 

 

1,508

 

 

8,390

 

 

8,606

 

Other asset write-offs

 

 

4

 

 

38

 

 

352

 

 

1,982

 

 

1,982

 

Total Charges

 

$

1,651

 

$

5,335

 

$

8,726

 

$

31,497

 

$

31,713

 

 

 

 

 

 

 

 

 

 

 

 

 

PCG Segment:

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (b)

 

$

324

 

$

2,974

 

$

6,973

 

$

16,683

 

$

17,252

 

Facility closure and other related costs

 

 

823

 

 

1,282

 

 

1,873

 

 

7,452

 

 

7,997

 

Other asset write-offs

 

 

-

 

 

316

 

 

248

 

 

917

 

 

917

 

Total Charges

 

$

1,147

 

$

4,572

 

$

9,094

 

$

25,052

 

$

26,166

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Segment:

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (c)

 

$

-

 

$

1,840

 

$

3,089

 

$

12,307

 

$

12,307

 

Facility closure and other related costs

 

 

1,038

 

 

3,147

 

 

2,245

 

 

13,119

 

 

13,119

 

Other asset write-offs

 

 

-

 

 

301

 

 

4,094

 

 

4,420

 

 

4,420

 

Total Charges

 

$

1,038

 

$

5,288

 

$

9,428

 

$

29,846

 

$

29,846

 

 

 

 

 

 

 

 

 

 

 

 

 

SPG Segment:

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (d)

 

$

249

 

$

1,197

 

$

1,592

 

$

8,376

 

$

9,289

 

Facility closure and other related costs

 

 

679

 

 

1,424

 

 

2,922

 

 

6,269

 

 

6,487

 

Other asset write-offs

 

 

(1

)

 

99

 

 

119

 

 

1,220

 

 

1,220

 

Total Charges

 

$

927

 

$

2,720

 

$

4,633

 

$

15,865

 

$

16,996

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate/Other Segment:

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs (e)

 

$

1,513

 

$

191

 

$

1,227

 

$

15,051

 

$

15,051

 

Total Charges

 

$

1,513

 

$

191

 

$

1,227

 

$

15,051

 

$

15,051

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated:

 

 

 

 

 

 

 

 

 

 

 

Severance and benefit costs

 

$

1,923

 

$

9,396

 

$

19,747

 

$

73,542

 

$

75,024

 

Facility closure and other related costs

 

 

4,350

 

 

7,956

 

 

8,548

 

 

35,230

 

 

36,209

 

Other asset write-offs

 

 

3

 

 

754

 

 

4,813

 

 

8,539

 

 

8,539

 

Total Charges

 

$

6,276

 

$

18,106

 

$

33,108

 

$

117,311

 

$

119,772

 

 

a)
Severance and benefit recoveries are associated with the adjustment of previously estimated severance accruals partially offset by the elimination of 16 positions during fiscal 2022. Severance and benefit costs are associated with the elimination of 34 positions and 112 positions during fiscal 2021 and 2020, respectively.
b)
Severance and benefit costs are associated with the elimination of 7 positions, 71 positions and 161 positions during fiscal 2022, 2021 and 2020, respectively.
c)
Severance and benefit costs are associated with the elimination of 29 positions and 92 positions during fiscal 2021 and 2020, respectively.
d)
Severance and benefit costs are associated with the elimination of 18 positions and 35 positions and 94 positions during fiscal 2022, 2021 and 2020, respectively.
e)
Severance and benefit costs are associated with the elimination of one position and two positions during fiscal 2022 and 2020, respectively.
Summary of Activity in Restructuring Reserves

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 Asset
Write-Offs

 

Total

 

Balance at June 1, 2020

$

7,357

 

$

5,880

 

$

-

 

$

13,237

 

Additions charged to expense

 

9,396

 

 

7,956

 

 

754

 

 

18,106

 

Cash payments charged against reserve

 

(12,413

)

 

(8,268

)

 

(335

)

 

(21,016

)

Non-cash charges and other adjustments

 

90

 

 

(4,278

)

 

(419

)

 

(4,607

)

Balance at May 31, 2021

$

4,430

 

$

1,290

 

$

-

 

$

5,720

 

Additions charged to expense

 

1,923

 

 

4,350

 

 

3

 

 

6,276

 

Cash payments charged against reserve

 

(4,779

)

 

(4,013

)

 

-

 

 

(8,792

)

Non-cash charges and other adjustments

 

(784

)

 

(625

)

 

(3

)

 

(1,412

)

Balance at May 31, 2022

$

790

 

$

1,002

 

$

-

 

$

1,792