We record restructuring charges associated with management-approved restructuring plans to either reorganize one or more of our business segments, or to remove duplicative headcount and infrastructure associated with our businesses. Restructuring charges can include severance costs to eliminate a specified number of associates, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other costs. We record the short-term portion of our restructuring liability in other accrued liabilities and the long-term portion, if any, in other long-term liabilities in our Consolidated Balance Sheets.

In August 2022, we approved and announced our Margin Achievement Plan 2025 (“MAP 2025”), which was a multi-year restructuring plan designed to improve margins by streamlining business processes, reducing working capital, implementing commercial initiatives to drive improved mix, pricing discipline and salesforce effectiveness and improving operating efficiency. On May 31, 2025, we formally concluded MAP 2025; however, certain projects identified prior to May 31, 2025, are not yet completed. As a result, we plan to continue recognizing restructuring costs in fiscal 2027.

The current total expected costs associated with this plan are outlined below and decreased approximately $0.3 million compared to our prior quarter estimate, attributable to decreases in expected facility closure and other related costs of $0.2 million and decreases in expected severance and benefit costs of $0.1 million. The total expected costs are subject to change as we complete these projects.

Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment, as well as the total expected costs related to projects identified to date:


	Three Months Ended			Three Months Ended		Cumulative Costs			Total Expected
(In thousands)	August 31, 2026			August 31, 2025		to Date			Costs

CPG Segment:
Severance and benefit (credits) costs	$	(152	)	$	1,941	$	23,663		$	24,917
Facility closure and other related costs		829			655		7,004			9,404
Total Charges	$	677		$	2,596	$	30,667		$	34,321

PCG Segment:
Severance and benefit (credits) costs	$	(71	)	$	3,307	$	14,055		$	14,055
Facility closure and other related costs		61			636		5,450			6,190
Other restructuring costs		-			-		7,092			7,092
Total (Credits) Charges	$	(10	)	$	3,943	$	26,597		$	27,337

Consumer Segment:
Severance and benefit (credits) costs	$	(22	)	$	1,828	$	23,049		$	23,049
Facility closure and other related costs		-			447		4,691			4,691
Other restructuring costs		-			-		532			532
Total (Credits) Charges	$	(22	)	$	2,275	$	28,272		$	28,272

Corporate/Other:
Severance and benefit (credits)	$	-		$	-	$	(50	)	$	(50	)
Total (Credits)	$	-		$	-	$	(50	)	$	(50	)

Consolidated:
Severance and benefit (credits) costs	$	(245	)	$	7,076	$	60,717		$	61,971
Facility closure and other related costs		890			1,738		17,145			20,285
Other restructuring costs		-			-		7,624			7,624
Total Charges	$	645		$	8,814	$	85,486		$	89,880

A summary of the activity in the restructuring reserves related to MAP 2025 is as follows:


(in thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Total
Balance at June 1, 2026	$	7,849		$	117		$	7,966
Charges (credits) to expense		(245	)		890			645
Cash payments charged against reserve		(1,890	)		(973	)		(2,863	)
Non-cash charges and other adjustments		(52	)	-				(52	)
Balance at August 31, 2026	$	5,662		$	34		$	5,696


(In thousands)	Severance and Benefits Costs			Facility Closure and Other Related Costs			Total
Balance at June 1, 2025	$	13,055		$	432		$	13,487
Charges to expense		7,076			1,738			8,814
Cash payments charged against reserve		(5,286	)		(1,653	)		(6,939	)
Non-cash charges and other adjustments		188			(83	)		105
Balance at August 31, 2025	$	15,033		$	434		$	15,467

During the third quarter of fiscal 2026, we approved and announced selling, general and administrative ("SG&A") focused optimization actions in response to performance and market conditions. This is an acceleration of actions planned to be included as part of our next MAP initiative. The initial focus of the program is eliminating SG&A costs through the structural realignment and elimination of certain levels of management, as well as certain footprint rationalization initiatives. The objective of which is to better align our resources with our strategic priorities and navigate the current economic environment.

The current total expected costs associated with this plan are outlined below and increased approximately $8.4 million compared to our prior quarter estimate, attributable to increases in expected severance and benefit costs of $3.5 million and expected facility closure and other related costs of $4.9 million. As we finalize our next multi-year MAP initiative, we will continue to identify improvement and cost savings opportunities, as well as establish the expected duration of the program. As such, the final implementation and total expected costs are subject to change.

The following is a summary of the charges recorded in connection with this program by reportable segment, as well as the total expected costs related to projects identified to date:


	Three Months Ended		Cumulative Costs		Total Expected
(In thousands)	August 31, 2026		to Date		Costs
CPG Segment:
Severance and benefit costs	$	385	$	9,353	$	12,855
Facility closure and other related costs		13		236		236
Total Charges	$	398	$	9,589	$	13,091

PCG Segment:
Severance and benefit costs	$	599	$	6,595	$	8,556
Facility closure and other related costs		297		842		6,325
Total Charges	$	896	$	7,437	$	14,881

Consumer Segment:
Severance and benefit costs	$	3,043	$	9,709	$	9,709
Facility closure and other related costs		175		822		1,045
Total Charges	$	3,218	$	10,531	$	10,754

Corporate/Other:
Severance and benefit costs	$	-	$	1,373	$	1,373
Total Charges	$	-	$	1,373	$	1,373

Consolidated:
Severance and benefit costs	$	4,027	$	27,030	$	32,493
Facility closure and other related costs		485		1,900		7,606
Total Charges	$	4,512	$	28,930	$	40,099

A summary of the activity in the restructuring reserves related to this program is as follows: