Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charges (Tables)

v3.10.0.1
Restructuring Charges (Tables)
 3 Months Ended
Nov. 30, 2018
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs [Table Text Block]
The following rollforwards summarize restructuring reserve activity by segment (in thousands):
 
 
Three Months Ended November 30, 2018
 
 
Industrial Tools & Services
 
Engineered Components & Systems
 
Corporate
 
Total
Balance as of August 31, 2018
 
$
1,687

 
$
1,592

 
$
415

 
$
3,694

Restructuring charges
 
(29
)
(1) 
432

 
—

 
403

Cash payments
 
(922
)
 
(151
)
 
(46
)
 
(1,119
)
Other non-cash uses/reclasses of reserve
 
(79
)
 
209

 
(369
)
 
(239
)
Impact of changes in foreign currency rates
 
(21
)
 
(13
)
 
—

 
(34
)
Balance as of November 30, 2018
 
$
636

 
$
2,069

 
$
—

 
$
2,705

 
 
Three Months Ended November 30, 2017
 
 
Industrial Tools & Services
 
Engineered Components & Systems
 
Corporate
 
Total
Balance as of August 31, 2017
 
$
1,499

 
$
4,108

 
$
30

 
$
5,637

Restructuring charges
 
1,405

 
1,050

 
4,174

 
6,629

Cash payments
 
(910
)
 
(1,509
)
 
(345
)
 
(2,764
)
Other non-cash uses of reserve
 
(427
)
 
(51
)
 
(2,019
)
(2) 
(2,497
)
Impact of changes in foreign currency rates
 
—

 
(163
)
 
—

 
(163
)
Balance as of November 30, 2017
 
$
1,567

 
$
3,435

 
$
1,840

 
$
6,842

(1) Credit balance in restructuring charges relates to reversal of restructuring accrual due to underspend of estimated expenses.
(2) Majority of non-cash uses of reserve represents accelerated equity vesting in connection with employee severance agreements.