Restructuring Charges (Tables)
|9 Months Ended|
May 31, 2019
|Restructuring and Related Activities [Abstract]|
|Restructuring and Related Costs [Table Text Block]||
The following rollforwards summarize restructuring reserve activity by segment (in thousands):
(1) Majority of non-cash uses of reserve represents accelerated equity vesting in connection with employee severance agreements.
In June 2019, the Company announced a new restructuring plan focused on reducing costs and driving efficiencies within the EC&S segment. We expect to incur $2.0 million of costs in the fourth quarter associated with these actions and achieve approximately $3.0 million of annual savings.
Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef