XML 29 R18.htm IDEA: XBRL DOCUMENT v3.25.2
RESTRUCTURING CHARGES
3 Months Ended
Aug. 29, 2025
RESTRUCTURING CHARGES  
RESTRUCTURING CHARGES

10. RESTRUCTURING CHARGES

 

During the three months ended May 30, 2025, the Company initiated a restructuring plan to consolidate facilities and optimize cost structure in order to more effectively support the Company’s long-term strategic objectives. Restructuring charges relate to impairment of long-lived assets that will no longer be used in operations, including right-of-use assets and facility-related property, contract termination costs and facility exit-related costs. There were no additional charges incurred related to this plan during the three months ended August 29, 2025. The related restructuring liability, primarily related to contract termination costs, remained at $0.2 million as of August 29, 2025 and is included as a component of accrued expenses and other current liabilities.

 

Separately, the Company implemented a workforce reduction to align resources with its business needs in the three months ended August 29, 2025. The Company recorded $0.2 million of restructuring charges in the Condensed Consolidated Statements of Operations during the three months ended August 29, 2025, primarily related to employee termination benefits. No restructuring liability remained as of August 29, 2025 related to this initiative.

 

There were no restructuring charges during the three months ended August 30, 2024.