v3.26.1
SUBSEQUENT EVENTS
12 Months Ended
May 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
On June 1, 2026, our Board committed to a plan to close our manufacturing facility in Broekhuizenvorst, The Netherlands. The contemplated closure is intended to improve operational efficiency and better align our global manufacturing footprint with customer needs.
In connection with the planned facility closure, we expect to incur total pre-tax charges of approximately $80 million to $110 million, substantially all of which are expected to be recognized in our fiscal year ending May 30, 2027. We estimate at least 20% of these charges will result in future cash expenditures. The charges primarily relate to the write-down of long-lived assets and inventory, employee severance and other one-time termination benefits, and other related costs.