v3.26.1
Restructuring
6 Months Ended
May 31, 2026
Restructuring Charges [Abstract]  
Restructuring Restructuring
The following table provides a summary of activity for all of our restructuring actions:
(in thousands)Excess Facilities and Other CostsEmployee Severance and Related BenefitsTotal
Balance, December 1, 2025$2,585 $3,254 $5,839 
Costs incurred1,353 833 2,186 
Cash disbursements(1,653)(3,504)(5,157)
Asset impairment(447)— (447)
Translation and other adjustments(2)(4)(6)
Balance, May 31, 2026$1,836 $579 $2,415 

Costs incurred during the three and six months ended May 31, 2026 are primarily related to our restructuring action that commenced in fiscal year 2025 to optimize efficiency, while ensuring alignment with the Company's long-term financial objectives. Cash disbursements for expenses incurred to date under this restructuring are expected to be made through the fourth quarter of fiscal year 2026. The restructuring reserve is included in other accrued liabilities on the condensed consolidated balance sheet as of May 31, 2026. We do not expect to incur additional material expenses in connection with this restructuring.