v3.26.3
Restructuring
3 Months Ended
Aug. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring

6. RESTRUCTURING

We regularly evaluate our business to ensure that we are properly configured and sized based on changing market conditions. Accordingly, we have implemented certain restructuring initiatives, including consolidation of certain facilities throughout the world and rationalization of our operations.

Amounts recorded during the three months ended August 31, 2026 primarily related to headcount rationalization initiatives undertaken as part of the Company's efforts to strengthen its commercial operations and deploy its go-to-market strategy.

Our restructuring charges consist of severance payments, costs for outplacement services, and post-employment benefits (collectively, “employee separation costs”), other related exit costs and asset impairment charges related to restructuring activities. These amounts are partially recorded within sales and marketing and general and administrative expenses on the condensed consolidated statements of operations.

Restructuring charges by segment were as follows:

 

 

Three months ended August 31,

 

 

 

 

2026

 

 

2025

 

Food Safety

 

 

$

0.8

 

 

$

0.4

 

Animal Safety

 

 

 

—

 

 

 

0.1

 

Corporate

 

 

 

—

 

 

 

(0.2

)

Total

 

 

$

0.8

 

 

$

0.3

 

Restructuring activity for the three months ended August 31, 2026 was as follows:

 

 

 

Employee Separation Costs

 

 

Other Exit Costs

 

 

Total

 

Balance as of May 31, 2026

 

 

$

0.6

 

 

$

—

 

 

$

0.6

 

Expense

 

 

 

0.7

 

 

 

0.1

 

 

 

0.8

 

Cash payments

 

 

 

(1.0

)

 

 

—

 

 

 

(1.0

)

Asset impairments and other

 

 

 

—

 

 

 

(0.1

)

 

 

(0.1

)

Balance as of August 31, 2026

 

 

$

0.3

 

 

$

—

 

 

$

0.3