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Acquisition, Restructuring and Other Items, net (Tables) | 12 Months Ended
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May 31, 2023
Restructuring and Related Activities [Abstract] |
Acquisition, Restructuring and Other Items, net | Acquisition, restructuring and other items, net consisted of:
| Year ended May 31,
(in thousands) | 2023 |  | 2022 |  | 2021
Legal (1) | $ | 9,998 |  |  | $ | 7,625 |  |  | $ | 6,161 |
Mergers and acquisitions (2) | 368 |  |  | 59 |  |  | 1 |
Transition service agreement (3) | — |  |  | — |  |  | (1,032) |
Divestiture (4) | — |  |  | — |  |  | 393 |
Intangible and other asset impairment (5) | — |  |  | — |  |  | 13,953 |
Israeli Innovation Authority prepayment (6) | 3,544 |  |  | — |  |  | — |
Manufacturing Relocation (7) | 1,091 |  |  | 644 |  |  | — |
Other | 632 |  |  | 714 |  |  | 756 |
Total | $ | 15,633 |  |  | $ | 9,042 |  |  | $ | 20,232 |
(1) Legal expenses related to litigation that is outside the normal course of business. (2) Mergers and acquisitions expenses related to investment banking, legal and due diligence. (3) Transition services agreement that was entered into as a result of the sale of the Fluid Management business. (4) Divestiture expenses incurred to transition manufacturing from Glens Falls, NY to Queensbury, NY. (5) During the fourth quarter of fiscal year 2021, the Company made the decision to abandon the OARtrac product technology and trademark. This resulted in an impairment charge of $14.0 million. (6) I n the first quarter of fiscal year 2023, a $3.5 million payment was made to the Israeli Innovation Authority to fully satisfy the obligation related to grant funds that were provided to Eximo for development of the Auryon laser prior to the acquisition in the second quarter of fiscal year 2020. (7) Expenses to relocate certain manufacturing lines from Queensbury, NY to Alajuela, Costa Rica.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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