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Restructuring and Other Expense, Net (Tables) | 12 Months Ended
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May 31, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Progression of Liabilities Associated with Restructuring Activities, Combined with Reconciliation to Restructuring and Other Expense, Net | A progression of the liabilities associated with our restructuring activities, combined with a reconciliation to the restructuring and other expense, net financial statement caption in our consolidated statement of earnings for fiscal 2025, is summarized below:
|  | Beginning |  |  |  |  |  |  |  |  | Ending |
|  | Balance |  |  | Expense |  |  | Payments |  |  | Balance |
Early retirement and severance |  | $ | 188 |  |  | $ | 1,993 |  |  | $ | (1,596 | ) |  | $ | 585 |
Other restructuring charges |  |  | - |  |  |  | 1,235 |  |  |  | (1,135 | ) |  |  | 100 |
|  | $ | 188 |  |  | $ | 3,228 |  |  | $ | (2,731 | ) |  | $ | 685 |
Net loss on sale of assets |  |  |  |  |  | 95 |  |  |  |  |  |  |
Stock-based compensation (1) |  |  |  |  |  | 2,665 |  |  |  |  |  |  |
Change in fair value of Ragasco earnout (2) |  |  |  |  |  | 4,536 |  |  |  |  |  |  |
Restructuring and other expense, net |  |  |  |  | $ | 10,524 |  |  |  |  |  |  |
(1) Reflects non-cash stock-based compensation expense related to the accelerated vesting of certain outstanding equity awards held by our former CEO upon his retirement, effective November 1, 2024. (2) Reflects the change in fair value of the contingent liability associated with the Ragasco earnout arrangement covering the 12-month period ended December 31, 2024. See “Note P – Acquisitions” for additional information. The total liability as of May 31, 2025 is expected to be paid in the immediately following twelve months. A progression of the liabilities associated with our restructuring activities, combined with a reconciliation to the restructuring and other expense, net financial statement caption in our consolidated statement of earnings for fiscal 2024, is summarized below:
|  | Beginning |  |  | Expense |  |  |  |  |  | Ending |
|  | Balance |  |  | (Income) |  |  | Payments |  |  | Balance |
Early retirement and severance |  | $ | 135 |  |  | $ | 714 |  |  | $ | (661 | ) |  | $ | 188 |
Facility exit and other costs |  |  | - |  |  |  | 111 |  |  |  | (111 | ) |  |  | - |
|  | $ | 135 |  |  | $ | 825 |  |  | $ | (772 | ) |  | $ | 188 |
Loss on deconsolidation of Sustainable Energy Solutions (1) |  |  |  |  |  | 30,502 |  |  |  |  |  |  |
Release of contingent liability for Level5 earnout (2) |  |  |  |  |  | (2,000 | ) |  |  |  |  |  |
Restructuring and other expense, net |  |  |  |  | $ | 29,327 |  |  |  |  |  |  |
(1) On May 29, 2024, we entered into an agreement with Hexagon and contributed the net assets of our Sustainable Energy Solutions business to a newly-formed joint venture in which we retained a 49% noncontrolling interest. As a result, we recognized a pre-tax loss of $30,502 within restructuring and other expense, net, including closing costs. (2) During fiscal 2024, we reversed amounts accrued for the anticipated payout under the final earnout opportunity associated with the Level5 acquisition.

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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