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Acquisition, Restructuring and Other Items, net
 12 Months Ended
May 31, 2023
Restructuring and Related Activities [Abstract]  
ACQUISITION, RESTRUCTURING AND OTHER ITEMS, NET ACQUISITION, RESTRUCTURING AND OTHER ITEMS, NET
Acquisition, restructuring and other items, net consisted of:
Year ended May 31,
(in thousands)202320222021
Legal (1)
$9,998 $7,625 $6,161 
Mergers and acquisitions (2)
368 59 1 
Transition service agreement (3)
— — (1,032)
Divestiture (4)
— — 393 
Intangible and other asset impairment (5)
— — 13,953 
Israeli Innovation Authority prepayment (6)
3,544 — — 
Manufacturing Relocation (7)
1,091 644 — 
Other632 714 756 
Total$15,633 $9,042 $20,232 
(1) Legal expenses related to litigation that is outside the normal course of business.
(2) Mergers and acquisitions expenses related to investment banking, legal and due diligence.
(3) Transition services agreement that was entered into as a result of the sale of the Fluid Management business.
(4) Divestiture expenses incurred to transition manufacturing from Glens Falls, NY to Queensbury, NY.
(5) During the fourth quarter of fiscal year 2021, the Company made the decision to abandon the OARtrac product technology and trademark. This resulted in an impairment charge of $14.0 million.
(6) In the first quarter of fiscal year 2023, a $3.5 million payment was made to the Israeli Innovation Authority to fully satisfy the obligation related to grant funds that were provided to Eximo for development of the Auryon laser prior to the acquisition in the second quarter of fiscal year 2020.
(7) Expenses to relocate certain manufacturing lines from Queensbury, NY to Alajuela, Costa Rica.
Included in legal for fiscal year 2021 is a $1.0 million settlement expense. The settlement received partially offset legal expenses paid related to the settlement proceedings.