Restructuring (Tables)

3 Months Ended

Aug. 31, 2025

Restructuring and Related Activities [Abstract]

Summary of Charges Recorded in Connection with Restructuring by Reportable Segment

Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment, as well as the total expected costs related to projects identified to date:

	Three Months Ended		Three Months Ended		Cumulative Costs			Total Expected
(In thousands)	August 31, 2025		August 31, 2024		to Date			Costs
Construction Products Group ("CPG") Segment:
Severance and benefit costs	$	1,941	$	890	$	21,659		$	26,757
Facility closure and other related costs		655		376		3,033			7,791
Total Charges	$	2,596	$	1,266	$	24,692		$	34,548
Performance Coatings Group ("PCG") Segment:
Severance and benefit costs	$	3,307	$	482	$	13,645		$	13,837
Facility closure and other related costs		636		341		3,628			4,602
Other restructuring costs		-		-		7,092			7,092
Total Charges	$	3,943	$	823	$	24,365		$	25,531
Consumer Segment:
Severance and benefit costs	$	1,828	$	5,087	$	21,999		$	23,124
Facility closure and other related costs		447		26		3,923			5,632
Other restructuring costs		-		-		532			532
Total Charges	$	2,275	$	5,113	$	26,454		$	29,288
Corporate/Other:
Severance and benefit (credits)	$	-	$	-	$	(50	)	$	(50	)
Total Charges	$	-	$	-	$	(50	)	$	(50	)
Consolidated:
Severance and benefit costs	$	7,076	$	6,459	$	57,253		$	63,668
Facility closure and other related costs		1,738		743		10,584			18,025
Other restructuring costs		-		-		7,624			7,624
Total Charges	$	8,814	$	7,202	$	75,461		$	89,317

Summary of Activity in Restructuring Reserves

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			Total
Balance at June 1, 2025	$	13,055		$	432		$	13,487
Additions charged to expense		7,076			1,738			8,814
Cash payments charged against reserve		(5,286	)		(1,653	)		(6,939	)
Non-cash charges and other adjustments		188			(83	)		105
Balance at August 31, 2025	$	15,033		$	434		$	15,467

(In thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Total
Balance at June 1, 2024	$	17,351		$	18		$	17,369
Additions charged to expense		6,459			743			7,202
Cash payments charged against reserve		(7,443	)		(736	)		(8,179	)
Non-cash charges and other adjustments		244			-			244
Balance at August 31, 2024	$	16,611		$	25		$	16,636