Relocation of Corporate Headquarters	6 Months Ended
May 31, 2026
Restructuring and Related Activities [Abstract]
Relocation of Corporate Headquarters	Relocation of Corporate Headquarters On April 8, 2026, we announced plans to relocate our corporate headquarters office from Los Angeles, California to Tempe, Arizona. The relocation is intended to bring executive leadership and corporate functions together in a more centralized location and is expected to reduce our cost structure over time. Relocation activities will primarily occur in two phases, with the larger phase anticipated to be substantially complete in 2027 and a smaller phase expected to continue into 2028. Based on our current estimates and assumptions, and subject to our relocation efforts proceeding as currently planned, we expect to incur total costs associated with the relocation of approximately $8.0 million to $12.0 million. The majority of these costs are expected to be incurred in 2027, with certain costs extending into 2028. These estimates are subject to change as our relocation plan progresses and workforce transition decisions and other factors continue to evolve; accordingly, actual costs and the timing of when such costs are incurred may differ from current expectations. The relocation cost estimates mainly consist of employee separation, retention and relocation expenses, with a smaller portion related to other exit costs such as travel; legal, consulting and other professional services; contract terminations; and asset impairments. As employees are required to provide service through applicable dates to receive separation or retention benefits, the expenses and related liabilities are recognized ratably over the required service period. Relocation expenditures and other exit costs are generally recognized in the period incurred. For both the three-month and six-month periods ended May 31, 2026, we recognized $1.5 million of expenses related to the relocation, including $.5 million of asset impairments. All such expenses for both periods were included in selling, general and administrative expenses, within our corporate and other non-operating segment, in our consolidated statements of operations. As of May 31, 2026, the liability for relocation costs totaled $1.0 million and was included within accrued expenses and other liabilities in our consolidated balance sheet.

Relocation of Corporate Headquarters

6 Months Ended

May 31, 2026

Restructuring and Related Activities [Abstract]

On April 8, 2026, we announced plans to relocate our corporate headquarters office from Los Angeles, California to Tempe, Arizona. The relocation is intended to bring executive leadership and corporate functions together in a more centralized location and is expected to reduce our cost structure over time. Relocation activities will primarily occur in two phases, with the larger phase anticipated to be substantially complete in 2027 and a smaller phase expected to continue into 2028.

Based on our current estimates and assumptions, and subject to our relocation efforts proceeding as currently planned, we expect to incur total costs associated with the relocation of approximately $8.0 million to $12.0 million. The majority of these costs are expected to be incurred in 2027, with certain costs extending into 2028. These estimates are subject to change as our relocation plan progresses and workforce transition decisions and other factors continue to evolve; accordingly, actual costs and the timing of when such costs are incurred may differ from current expectations. The relocation cost estimates mainly consist of employee separation, retention and relocation expenses, with a smaller portion

related to other exit costs such as travel; legal, consulting and other professional services; contract terminations; and asset impairments. As employees are required to provide service through applicable dates to receive separation or retention benefits, the expenses and related liabilities are recognized ratably over the required service period. Relocation expenditures and other exit costs are generally recognized in the period incurred.

For both the three-month and six-month periods ended May 31, 2026, we recognized $1.5 million of expenses related to the relocation, including $.5 million of asset impairments. All such expenses for both periods were included in selling, general and administrative expenses, within our corporate and other non-operating segment, in our consolidated statements of operations. As of May 31, 2026, the liability for relocation costs totaled $1.0 million and was included within accrued expenses and other liabilities in our consolidated balance sheet.