Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charges (Tables)

v3.20.2
Restructuring Charges (Tables)
9 Months Ended
May 31, 2020
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs [Table Text Block]
The following summarizes restructuring reserve activity for the IT&S reportable segment and corporate (in thousands):
 
 
Nine Months Ended May 31, 2020
 
 
Industrial Tools & Services
 
Corporate
Balance as of August 31, 2019
 
$
2,912

 
$

Restructuring charges
 
4,019

 
1,590

Cash payments
 
(4,265
)
 
(871
)
Other non-cash uses of reserve (1)
 
(556
)
 
(484
)
Impact of changes in foreign currency rates
 
(23
)
 

Balance as of May 31, 2020
 
$
2,087

 
$
235

(1) Majority of non-cash uses of reserve represents accelerated equity vesting with employee severance agreements.
 
 
Nine Months Ended May 31, 2019
 
 
Industrial Tools & Services
 
Corporate
Balance as of August 31, 2018
 
$
1,687

 
$
46

Restructuring charges
 
1,136

 

Cash payments
 
(1,379
)
 
(46
)
Other non-cash uses of reserve
 
(18
)
 

Impact of changes in foreign currency rates
 
(28
)
 

Balance as of May 31, 2019
 
$
1,398

 
$