We record restructuring charges associated with management-approved restructuring plans to either reorganize one or more of our business segments, or to remove duplicative headcount and infrastructure associated with our businesses. Restructuring charges can include severance costs to eliminate a specified number of associates, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other costs. We record the short-term portion of our restructuring liability in other accrued liabilities and the long-term portion, if any, in other long-term liabilities in our Consolidated Balance Sheets.

During 2018, we approved and implemented the initial phases of a multi-year restructuring plan, which is referred to as the 2020 Margin Acceleration Plan (“MAP to Growth”). We incurred $0.7 million and $3.3 million of restructuring costs associated with this plan for the three and nine months ended February 28, 2023, respectively. We did not incur any restructuring costs for the three and nine months ended February 29, 2024, and we do not expect to incur any further costs associated with this plan.

In August 2022, we approved and announced our Margin Achievement Plan 2025 (“MAP 2025”), which is a multi-year restructuring plan to build on the achievements of MAP to Growth and designed to improve margins by streamlining business processes, reducing working capital, implementing commercial initiatives to drive improved mix and salesforce effectiveness and improving operating efficiency. Most activities under MAP 2025 are anticipated to be completed by the end of fiscal 2025; however, we expect some costs to extend beyond this date.

The current total expected costs associated with this plan are outlined below and increased approximately $8.4 million compared to our previous estimate, attributable to increases in expected severance and benefit charges of $4.9 million and expected facility closure and other related costs of $3.5 million. Throughout our MAP 2025 initiative, we will continue to assess and find areas of improvement and cost savings. As such, the final implementation of the aforementioned phases and total expected costs are subject to change.

Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment for the three- and nine-month periods ending February 29, 2024, as well as the total expected costs related to projects identified to date:


	Three Months Ended		Nine Months Ended		Cumulative Costs			Total Expected
(In thousands)	February 29, 2024		February 29, 2024		to Date			Costs
Construction Products Group ("CPG") Segment:
Severance and benefit costs	$	4,034	$	4,836	$	10,928		$	16,698
Facility closure and other related costs		163		163		163			16,435
Total Charges	$	4,197	$	4,999	$	11,091		$	33,133

Performance Coatings Group ("PCG") Segment:
Severance and benefit costs	$	579	$	1,623	$	2,771		$	5,339
Facility closure and other related costs		2		125		125			1,557
Other restructuring costs (a)		-		4,555		7,092			7,092
Total Charges	$	581	$	6,303	$	9,988		$	13,988

Consumer Segment:
Severance and benefit costs	$	817	$	852	$	1,359		$	1,598
Facility closure and other related costs		18		32		653			693
Total Charges	$	835	$	884	$	2,012		$	2,291

Specialty Products Group ("SPG") Segment:
Severance and benefit costs	$	639	$	1,774	$	2,579		$	3,562
Facility closure and other related costs		107		136		136			6,688
Total Charges	$	746	$	1,910	$	2,715		$	10,250

Corporate/Other Segment:
Severance and benefit (credits)	$	-	$	-	$	(50	)	$	(50	)
Total Charges	$	-	$	-	$	(50	)	$	(50	)

Consolidated:
Severance and benefit costs	$	6,069	$	9,085	$	17,587		$	27,147
Facility closure and other related costs		290		456		1,077			25,373
Other restructuring costs		-		4,555		7,092			7,092
Total Charges	$	6,359	$	14,096	$	25,756		$	59,612

(a)

Of the $4.6 million of other restructuring costs incurred for the nine-month period ending February 29, 2024, $3.3 million is associated with the impairment of an indefinite-lived tradename as described below in Note 4, "Goodwill and Other Intangible Assets," of the Consolidated Financial Statements.

Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment for the three- and nine-month periods ending February 28, 2023:


	Three Months Ended		Nine Months Ended
(In thousands)	February 28, 2023		February 28, 2023
CPG Segment:
Severance and benefit costs	$	324	$	324
Total Charges	$	324	$	324

PCG Segment:
Severance and benefit costs	$	573	$	573
Other restructuring costs (b)		2,537		2,537
Total Charges	$	3,110	$	3,110

Consumer Segment:
Severance and benefit costs	$	13	$	13
Total Charges	$	13	$	13

Consolidated:
Severance and benefit costs	$	910	$	910
Other restructuring costs		2,537		2,537
Total Charges	$	3,447	$	3,447

(b)

Other restructuring costs are associated with the impairment of an indefinite-lived tradename as described below in Note 4, "Goodwill and Other Intangible Assets," of the Consolidated Financial Statements.

A summary of the activity in the restructuring reserves related to MAP 2025 is as follows:


(in thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Other Asset Write-Offs		Total
Balance at November 30, 2023	$	2,805		$	-		$	-	$	2,805
Additions charged to expense		6,069			290			-		6,359
Cash payments charged against reserve		(1,863	)		(288	)		-		(2,151	)
Non-cash charges and other adjustments		(1	)		-			-		(1	)
Balance at February 29, 2024	$	7,010		$	2		$	-	$	7,012


(In thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Other Asset Write-Offs			Total
Balance at June 1, 2023	$	2,717		$	-		$	-		$	2,717
Additions charged to expense		9,085			456			4,555			14,096
Cash payments charged against reserve		(4,808	)		(454	)		-			(5,262	)
Non-cash charges and other adjustments		16			-			(4,555	)		(4,539	)
Balance at February 29, 2024	$	7,010		$	2		$	-		$	7,012