v3.25.2
Restructuring (Tables)
12 Months Ended
May 31, 2025
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Charges by Segment

Restructuring charges by segment were as follows:

 

Year ended May 31,

 

 

 

2025

 

 

2024

 

Food Safety

 

$

2,146

 

 

$

402

 

Animal Safety

 

 

7,430

 

 

 

1,385

 

Corporate

 

 

1,520

 

 

 

1,726

 

Total

 

$

11,096

 

 

$

3,513

 

Summary of Restructuring Activity

Restructuring activity for the twelve months ended May 31, 2025 was as follows:

 

 

Employee Separation Costs

 

 

Other Exit Costs

 

 

Total

 

Balance as of May 31, 2024

 

$

-

 

 

$

-

 

 

$

-

 

Expense

 

 

3,041

 

 

 

8,055

 

 

 

11,096

 

Cash Payments

 

 

(2,285

)

 

 

(481

)

 

 

(2,766

)

Asset impairments and other (1)

 

 

-

 

 

 

(7,574

)

 

 

(7,574

)

Balance as of May 31, 2025

 

$

756

 

 

$

-

 

 

$

756

 

 

(1) Asset impairment charges primarily relate to Inventory and Property and Equipment charges incurred by the Company's Animal Safety operating segment and global genomics business.