Restructuring activities consist of established programs that are intended to fundamentally change our operations. Our restructuring programs may include closing or consolidating production facilities or moving manufacturing of a product to another location, realignment of the management structure of a business unit in response to changing market conditions or general rationalization of headcount. Our restructuring activities generally give rise to employee-related costs, such as severance pay, and facility-related costs, such as exit costs and gains or losses on asset disposals but may include other incremental operating items associated with our ongoing businesses that are nonrecurring in nature but incremental to our normal business activities.

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 current year period is summarized below:


	Balance at							Balance at
	May 31, 2025		Expense		Payments			February 28, 2026
Early retirement and severance	$	585	$	923	$	(1,192	)	$	316
Other restructuring charges (1)		100		5,383		(5,483	)		-
	$	685	$	6,306	$	(6,675	)	$	316

(1)

During the current year period, other restructuring charges consisted primarily of acquisition-related costs such as advisory, legal, and other professional fees.

The total liability associated with our restructuring activities as of February 28, 2026 is expected to be paid in the next 12 months.