Note 2 – Restructuring

During 2013, the Company implemented a restructuring plan to sell or close certain Wheels, Repair & Parts facilities to enhance margins and improve capital efficiency and anticipates completing the restructuring plan during 2014. Restructuring charges related to this plan, associated with the Company’s Wheels, Repair & Parts segment, totaled $0.9 million for the three months ended November 30, 2013 and were included in the Consolidated Statement of Income. The Company anticipates that there will be additional restructuring charges in 2014 as the Company completes the plan.


(In thousands)	Accrual at August 31, 2013		Charged to Expense		Paid or Settled		Accrual at November 30, 2013
Employee termination costs	$	1,409	$	843	$	1,952	$	300
Contract termination costs		—		—		—		—
Other costs		299		36		130		205

	$	1,708	$	879	$	2,082	$	505