Restructuring and Other Expense, Net

6 Months Ended

Nov. 30, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Other Expense, Net

Note D – Restructuring and Other Expense, Net

We consider restructuring activities to be programs whereby we fundamentally change our operations, such as divestitures, closing or consolidating facilities, employee severance (including rationalizing headcount or making other significant changes in personnel), and realignment of existing operations (including changes to management structure in response to underlying performance and/or changing market conditions).

A progression of the liabilities associated with our restructuring activities, combined with a reconciliation to the restructuring and other expense, net financial statement caption in our consolidated statement of earnings for the six months ended November 30, 2024 is summarized below:

	Balance at							Balance at
	May 31, 2024		Expense		Payments			November 30, 2024
Early retirement and severance	$	188	$	1,017	$	(1,068	)	$	137
Net loss on sale of assets				96
Stock-based compensation (1)				2,665
Restructuring and other expense, net			$	3,778

(1)Represents non-cash stock-based compensation expense related to the accelerated vesting of certain outstanding equity awards upon retirement of our former CEO, effective November 1, 2024.

The total liability associated with our restructuring activities as of November 30, 2024 is expected to be paid in the next 12 months.