Beginning in fiscal year 2023, the Company initiated the Global Restructuring Program. The program was expanded in fiscal year 2024 to focus on our strongest and most profitable businesses and largest market opportunities in Research and Learning, streamline our organization, and rightsize our cost structure. Under this program, we reduced our real estate square footage occupancy by approximately 35%. The program was further expanded in the fourth quarter of fiscal year 2025 to align technology costs and other corporate expenses following the completion of our divestitures, and again in the first quarter of fiscal year 2027 to include additional portfolio and cost optimization actions. As a result of these initiatives, this expanded program will include severance related charges, consulting, facility-related, and other costs.




	Three Months Ended July 31,				Total Charges Incurred to Date
	2026		2025
Charges by Segment:
Research	$	2,545	$	252		$	23,934
Learning	1,067		124			24,774
Held for Sale or Sold	—		—			12,995
Corporate Expenses	12,913		2,683			113,911
Total Restructuring and Related Charges	$	16,525	$	3,059		$	175,614

Charges by Activity:
Severance and termination benefits	$	12,272	$	1,962		96,430
Impairment of operating lease ROU assets and technology, property, and equipment	—		—			23,395
Acceleration of expense related to operating lease ROU assets, technology, property, and equipment, and intangible assets	—		—			8,074
Facility related charges, net	1,108		992			18,129
Consulting costs	2,773		62			19,704
Other activities	372		43			9,882
Total Restructuring and Related Charges	$	16,525	$	3,059		$	175,614

The severance related charges are for certain employees affected by the reduction in force under this program who are entitled to severance payments and certain termination benefits.

In the three months ended July 31, 2026, we incurred ongoing facility-related costs associated with certain properties. Consulting costs primarily relate to third-party advisors engaged for aligning technology costs, and operational and performance improvement services. In the three months ended July 31, 2025, we incurred ongoing facility-related costs associated with certain properties, consulting costs, and other costs for other activities, which includes other employee related costs.



	April 30, 2026		Charges		Payments		Foreign Translation & Other Adjustments		July 31, 2026
Severance and termination benefits	$	3,461	$	12,272	$	(7,063)	$	2	$	8,672
Consulting costs	717		2,773		(2,656)		(132)		702
Other activities	998		372		(993)		(1)		376
Total	$	5,176	$	15,417	$	(10,712)	$	(131)	$	9,750

Approximately $8.3 million of the restructuring liability for accrued severance and termination benefits is reflected in Accrued employment costs and approximately $0.4 million is reflected in Other long-term liabilities on our Unaudited Condensed Consolidated Statement of Financial Position. The liabilities for Consulting costs and Other activities are reflected in Other accrued liabilities on our Unaudited Condensed Consolidated Statement of Financial Position.