Restructuring and Other Income, Net

9 Months Ended

Feb. 29, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Other Income, Net

Note F – 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 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 income, net financial statement caption, in our consolidated statement of earnings for the nine months ended February 28, 2024 is summarized below:

(In thousands)	Balance, as of May 31, 2023		Expense		Payments			Balance, as of February 29, 2024
Early retirement and severance	$	135	$	704	$	(253	)	$	586

The total liability associated with our restructuring activities as of February 29, 2024 is expected to be paid in the next 12 months.