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Restructuring costs
12 Months Ended
May 25, 2025
Restructuring and Related Activities [Abstract]  
Restructuring costs Restructuring costs
During fiscal year 2020, the Company commenced a multi-year restructuring plan to improve profitability and to redesign the organization to focus on strategic assets so that it could compete and thrive as a standalone public CDMO business. Management finished incurring expenses under this plan during fiscal year 2025. Types of costs associated with this plan include: (i) employee termination costs, as a result of multiple reductions-in-force; and (ii) other costs related to the sale of non-strategic assets, including contract termination costs and asset write-offs. These costs are included as a separate caption on the statements of operations.
The following table presents the restructuring costs or recovery recognized during the period:
Year ended
May 25, 2025May 26, 2024
Employee termination
$1,423 $234 
Other
(3,170)1,422 
Total
$(1,747)$1,656 
The following table presents a reconciliation of the beginning and ending restructuring liabilities:
Employee termination
Other
Total
Balance at May 28, 2023$1,600 $1,397 $2,997 
Expense
234 1,422 1,656 
Payments
(1,617)(1,391)(3,008)
Other
— 3,126 3,126 
Balance at May 26, 2024217 4,554 4,771 
Expense (recoveries)
1,423 (3,170)(1,747)
Payments(1,368)(1,185)(2,553)
Balance at May 25, 2025$272 $199 $471 
The following table presents the balance sheet classification of restructuring liabilities:
May 25, 2025May 26, 2024
Current portion of operating lease liabilities
$— $3,575 
Accrued expenses and other current liabilities – accrued compensation
272 217 
Accrued expenses and other current liabilities – other
199 979 
Restructuring liabilities
$471 $4,771 
Under the multi-year restructuring plan, the Company incurred total costs of $5,756 related to employee termination and $10,216 related to other actions. No additional costs will be incurred under this plan.