Annual report pursuant to Section 13 and 15(d)

Restructuring Charges (Tables)

v3.10.0.1
Restructuring Charges (Tables)
 12 Months Ended
Aug. 31, 2018
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Costs
The following rollforwards summarize restructuring reserve activity by segment (in thousands):
 
 
Year Ended August 31, 2018
 
 
Industrial Tools & Services
 
Engineered Components & Systems
 
Corporate
 
Total
Balance as of August 31, 2017
 
$
1,499

 
$
4,108

 
$
30

 
$
5,637

Restructuring charges
 
4,286

 
3,713

 
4,845

 
12,844

Cash payments
 
(3,375
)
 
(4,652
)
 
(2,357
)
 
(10,384
)
Other non-cash uses of reserve (1)
 
(635
)
 
(1,412
)
 
(2,103
)
 
(4,150
)
Impact of changes in foreign currency rates
 
(88
)
 
(165
)
 
—

 
(253
)
Balance as of August 31, 2018
 
$
1,687

 
$
1,592

 
$
415

 
$
3,694

(1) Majority of non-cash uses of reserve represents accelerated equity vesting with employee severance agreements.

 
 
Year Ended August 31, 2017
 
 
Industrial Tools & Services
 
Engineered Components & Systems
 
Corporate
 
Total
Balance as of August 31, 2016
 
$
1,626

 
$
4,601

 
$
46

 
$
6,273

Restructuring charges
 
2,652

 
4,465

 
111

 
7,228

Cash payments
 
(2,568
)
 
(4,858
)
 
(83
)
 
(7,509
)
Other non-cash uses of reserve
 
(198
)
 
(285
)
 
(44
)
 
(527
)
Impact of changes in foreign currency rates
 
(13
)
 
185

 
—

 
172

Balance as of August 31, 2017
 
$
1,499

 
$
4,108

 
$
30

 
$
5,637