| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-08-31 | plant_closure | in_progress | United States — Indianapolis, Indiana | Repair, Engineering, and Software — airframe maintenance | USD 4 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility consolidation closing Indianapolis and relocating most operations to Greensboro, NC as part of HAECO Americas integration; $3.5M represents total integration expenses for the quarter, not severance specifically. No employee count disclosed. | ||||
| 2026-08-31 | restructuring | in_progress | 2026-05-31 | Not specified | Legacy Commercial Programs | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Exit announced in Q4 fiscal 2026; wind-down expected to take three to four years as contracts are terminated and rotable assets sold. Full impairment of $16.4M segment goodwill expected in a future period. No employee count or severance disclosed. | ||||
| 2026-08-31 | acquisition_addition | announced | 2026-09-28 | Global | Aircraft MRO services | USD 7 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to acquire 65% interest in MRO Holdings for approximately $3.0 billion; expected to close in Q3 fiscal 2027. $7.3M transaction costs expensed in Q1 fiscal 2027. No headcount added disclosed. | |||
| 2026-08-31 | restructuring | in_progress | United States | Repair, Engineering, and Software | USD 4 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Integration activities including consolidation of facility footprint, closing Indianapolis airframe maintenance facility and relocating operations to Greensboro, NC. | ||||
| 2026-08-31 | restructuring | in_progress | United States | Parts Supply | USD 0 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Integration activities expenses incurred during the quarter. | ||||
| 2026-08-31 | restructuring | in_progress | United States | Repair, Engineering, and Software | USD 1 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Integration activities including facility closure costs, product line exits, severance, retention, and other related costs. Integration completed in fiscal 2026. | ||||
| 2026-08-31 | plant_closure | in_progress | United States | Legacy Commercial Programs | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced intention to exit Legacy Commercial Programs business; wind-down expected to take three to four years as contracts are terminated and rotable assets sold. | |||||
| 2026-05-31 | restructuring | announced | Legacy Commercial Programs | USD 5 (millions) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Announced in Q4 fiscal 2026 the intention to exit the asset-heavy flight hour component pool/repair programs and consumables/expendables distribution business; wind-down expected over approximately three to four years as customer contracts terminate and rotable assets are sold. No affected headcount disclosed. A $4.9 million fiscal 2026 inventory reserve (Item 7 MD&A and inventory note) was recognized in conjunction with the decision to exit the consumables and expendables product line. Segment carries $16.4 million of assigned goodwill expected to be fully impaired as the wind-down progresses. | |||||
| 2026-05-31 | plant_closure | in_progress | United States (Indianapolis, Indiana; operations relocating to Greensboro, North Carolina) | Repair, Engineering, and Software — Airframe MRO | USD 11 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Facility consolidation following the November 3, 2025 HAECO Americas acquisition: closing the Indianapolis airframe maintenance facility and relocating the majority of those operations to the Greensboro, North Carolina facility. Integration activity expenses of $11.1 million incurred during fiscal 2026. Employee counts not disclosed. | ||||
| 2026-05-31 | plant_closure | in_progress | United States (Garden City, New York) | Repair, Engineering, and Software — Component MRO (Product Support) | USD 3 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Leased component repair facility closed as part of the Product Support integration (acquisition completed March 1, 2024), with operations relocated to Product Support facilities; fiscal 2026 is the latest year of this multi-year program. Fiscal 2026 integration expenses of $2.5 million covering facility closure costs, severance, retention and related items; additionally recognized in fiscal 2026 a $1.1 million environmental remediation liability and a $0.5 million landlord dispute settlement liability related to the facility exit. Employee counts not disclosed. | ||||
| 2026-05-31 | acquisition_addition | completed | 2025-08-11 | Repair, Engineering, and Software | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired Aerostrat Corp., a long-range heavy maintenance planning software provider, for $19.0 million net of cash acquired (base price $15.0 million plus $4.0 million estimated fair value of contingent consideration). Acquired employee headcount not disclosed. | |||||
| 2026-05-31 | acquisition_addition | completed | 2025-09-25 | Parts Supply | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired American Distributors Holding Co., LLC, a distributor of electronic components and assemblies to aerospace and defense OEMs, for an initial purchase price of $137.1 million (reduced by $0.6 million after post-closing adjustments resolved in Q3 fiscal 2026). Acquired employee headcount not disclosed; contributed $115.3 million of fiscal 2026 Distribution sales. | |||||
| 2026-05-31 | acquisition_addition | completed | 2025-11-03 | United States (Greensboro, North Carolina; Lake City, Florida) | Repair, Engineering, and Software | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired HAECO Americas, LLC and HAECO Airframe Services, LLC, heavy aircraft MRO providers, for $78.0 million; preliminary fair value of identifiable net assets exceeded the purchase price, producing a $29.5 million bargain purchase gain. Acquired employee headcount not disclosed; contributed $131.1 million of fiscal 2026 sales. | ||||
| 2026-05-31 | acquisition_addition | completed | 2026-04-24 | Repair, Engineering, and Software | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired Aircraft Reconfig Technologies, an aircraft interiors engineering company adding FAA Organization Designation Authority (supplemental type certificates and PMA issuance without third parties), for $36.0 million net of cash acquired. Acquired employee headcount not disclosed. | |||||
| 2026-05-31 | acquisition_addition | completed | 2025-08-11 | United States | Repair, Engineering, and Software | USD 19 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Aerostrat Corp. acquired 2025-08-11 for $15.0M base price plus up to $5.0M contingent consideration ($19.0M purchase price incl. $4.0M contingent fair value). Headcount added not disclosed; $0.5M transaction costs expensed. | |||
| 2026-05-31 | acquisition_addition | completed | 2025-09-25 | United States | Parts Supply | USD 137 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | American Distributors Holding Co., LLC acquired 2025-09-25; aerospace/defense electronic components distributor. Headcount added not disclosed; $4.1M transaction costs and $0.3M integration costs expensed in fiscal 2026. | |||
| 2026-05-31 | acquisition_addition | completed | 2025-11-03 | United States | Repair, Engineering, and Software | USD 78 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | HAECO Americas acquired 2025-11-03; heavy aircraft MRO provider with hangars in Greensboro, NC and Lake City, FL. Headcount added not disclosed; $3.3M transaction costs and $11.1M integration costs expensed in fiscal 2026; $29.5M bargain purchase gain recognized. | |||
| 2026-05-31 | acquisition_addition | completed | 2026-04-24 | United States | Repair, Engineering, and Software | USD 36 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Aircraft Reconfig Technologies acquired 2026-04-24; aircraft interiors engineering firm adding FAA ODA capability. Headcount added not disclosed; $1.1M transaction costs expensed. | |||
| 2026-05-31 | plant_closure | in_progress | United States | Repair, Engineering, and Software | USD 11 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Indianapolis, Indiana airframe maintenance facility being closed with majority of operations relocated to Greensboro, North Carolina as part of post-HAECO footprint consolidation. Employees affected not disclosed; $11.1M of fiscal 2026 integration expenses include this activity. | ||||
| 2026-05-31 | other | announced | United States | Legacy Commercial Programs | USD 5 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | In Q4 fiscal 2026 the company announced its intention to exit the Legacy Commercial Programs segment (asset-heavy flight-hour pool programs and consumables/expendables distribution), citing significant asset pools and failure to meet capital return thresholds. Wind-down expected to take approximately three to four years as contracts are terminated and rotable assets sold; no employee count or severance disclosed. A $4.9M inventory reserve was recognized in fiscal 2026 for the consumables and expendables product line exit. Related: $16.4M of goodwill assigned to the segment is expected to be fully impaired over the wind-down period. | ||||
| 2026-02-28 | restructuring | completed | 60 | USD 1 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Restructuring plan executed in Q1 fiscal 2026 to streamline operations and reduce costs; approximately 60 positions eliminated with severance charges of $1.0 million. | |||||
| 2026-02-28 | acquisition_addition | completed | 2025-09-25 | Parts Supply | USD 137 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of American Distributors Holding Co. (ADI), distributor of electronic components; headcount added not disclosed. | ||||
| 2026-02-28 | acquisition_addition | completed | 2025-11-03 | North Carolina; Florida | Repair & Engineering | USD 78 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of HAECO Americas airframe MRO business (Greensboro, NC and Lake City, FL hangars); headcount added not disclosed. | |||
| 2026-02-28 | acquisition_addition | completed | 2025-08-11 | Integrated Solutions | USD 20 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of Aerostrat maintenance planning software company; headcount added not disclosed. | ||||
| 2026-02-28 | plant_closure | in_progress | Indianapolis, Indiana | Repair & Engineering | USD 7 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Closing Indianapolis airframe maintenance facility and relocating majority of operations to Greensboro, NC; integration expenses of $5.9 million in Q3 and $6.7 million for nine months ended February 28, 2026; headcount affected not disclosed. | ||||
| 2026-02-28 | plant_closure | in_progress | 2026-05-31 | Garden City, New York | Repair & Engineering | USD 2 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Closing Garden City, NY component repair facility and relocating operations to Product Support facilities; transition expected complete in fiscal 2026; integration expenses of $0.5 million in Q3 and $2.4 million for nine months ended February 28, 2026; headcount affected not disclosed. | |||
| 2026-02-28 | restructuring | completed | 60 | USD 1 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 60 positions eliminated to streamline operations and reduce costs; executed in Q1 FY2026 (before the quarter covered by this filing). No announcement date, geography, or segment breakdown disclosed. | |||||
| 2026-02-28 | plant_closure | in_progress | 2025-11-03 | United States — Indianapolis, Indiana | Repair & Engineering | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Integration of HAECO Americas includes closing the Indianapolis airframe maintenance facility and relocating most operations to Greensboro, NC. Headcount affected not disclosed; HAECO integration expenses were $5.9M in Q3 FY2026 and $6.7M YTD FY2026. | ||||
| 2026-02-28 | plant_closure | in_progress | 2024-03-01 | 2026-05-31 | United States — Garden City, New York | Repair & Engineering | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Component repair facility closure with relocation to other Product Support facilities; transition expected to complete in fiscal 2026. Headcount affected not disclosed; Product Support integration expenses were $0.5M in Q3 FY2026 and $2.4M YTD FY2026. | |||
| 2026-02-28 | acquisition_addition | completed | 2025-11-03 | United States — Greensboro, NC and Lake City, FL | Repair & Engineering | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired HAECO Americas for $78.0 million; contributed $55.2 million of sales in Q3 FY2026. Employee headcount added not disclosed. | ||||
| 2026-02-28 | acquisition_addition | completed | 2025-09-25 | United States | Parts Supply | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired American Distributors Holding Co. for a final purchase price of $137.1 million; contributed $26.3 million of sales in Q3 FY2026. Employee headcount added not disclosed. | ||||
| 2026-02-28 | acquisition_addition | completed | 2025-08-11 | Integrated Solutions | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired Aerostrat Corp. for $15.0 million base price plus up to $5.0 million contingent consideration. Employee headcount added not disclosed. | |||||
| 2026-02-28 | acquisition_addition | announced | 2025-12-17 | 2026-05-31 | Repair & Engineering | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire Aircraft Reconfig Technologies for $35 million; expected to close in Q4 FY2026 subject to regulatory approvals. Employee headcount not disclosed. | ||||
| 2026-02-28 | restructuring | completed | 60 | 2025-12-01 | USD 1 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Executed restructuring plan to streamline operations and reduce costs; eliminated approximately 60 positions. | ||||
| 2025-11-30 | restructuring | completed | 60 | 2025-06-01 | Company-wide | USD 1 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Restructuring plan executed in Q1 fiscal 2026 to streamline operations and reduce costs; approximately 60 positions eliminated with severance charges of $1.0 million. | |||
| 2025-11-30 | plant_closure | in_progress | 2025-11-03 | 2027-05-31 | Indianapolis, Indiana | Repair & Engineering — Airframe MRO | USD 7 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Facility footprint consolidation following HAECO Americas acquisition: Indianapolis airframe maintenance facility to close and majority of operations to relocate to Greensboro, North Carolina. Expected costs of approximately $7.0 million primarily for severance and retention; transition expected complete in fiscal 2027. Integration expenses of $0.8 million incurred in the quarter. | ||
| 2025-11-30 | plant_closure | in_progress | 2024-03-01 | 2026-05-31 | Garden City, New York | Repair & Engineering — Component Services | USD 1 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Component repair facility closure with operations relocating to Product Support facilities; includes facility closure costs, product line exits, severance, and retention. Integration expenses of $0.9 million in the quarter and $1.9 million year-to-date; transition expected complete in fiscal 2026. | ||
| 2025-11-30 | acquisition_addition | completed | 2025-11-03 | Greensboro, North Carolina; Lake City, Florida | Repair & Engineering | USD 77 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of HAECO Americas (heavy aircraft MRO and modification services) for $76.5 million; headcount added not disclosed. | |||
| 2025-11-30 | acquisition_addition | completed | 2025-09-25 | Parts Supply | USD 138 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of American Distributors Holding Co. (electronic components distributor) for $137.7 million; headcount added not disclosed. | ||||
| 2025-11-30 | acquisition_addition | completed | 2025-08-11 | Integrated Solutions | USD 20 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of Aerostrat Corp. (maintenance planning software) for $15.0 million base price plus contingent consideration up to $5.0 million; purchase price net of cash acquired $20.1 million; headcount added not disclosed. | ||||
| 2025-11-30 | restructuring | completed | 60 | Corporate-wide | USD 1 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 60 positions eliminated during fiscal Q1 2026 (2025-06-01 to 2025-08-31); filing discloses only quarter-level timing, so announcement date not stated to day precision. | ||||
| 2025-11-30 | acquisition_addition | completed | 2025-11-03 | Greensboro, North Carolina; Lake City, Florida | Repair & Engineering | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Heavy MRO and modification services business acquired; no employee headcount disclosed for the acquired workforce. $3.0 million transaction costs expensed. | ||||
| 2025-11-30 | acquisition_addition | completed | 2025-09-25 | Parts Supply | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Electronic components distributor acquired; no employee headcount disclosed. $4.0 million transaction costs expensed. | |||||
| 2025-11-30 | acquisition_addition | completed | 2025-08-11 | Integrated Solutions | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Maintenance planning software provider acquired; no employee headcount disclosed. $0.5 million transaction costs expensed. | |||||
| 2025-11-30 | plant_closure | in_progress | 2027-05-31 | Indianapolis, Indiana | Repair & Engineering (airframe maintenance) | USD 7 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Operations relocating to acquired Greensboro, NC facility; expected ~$7.0 million in facility closure costs, primarily severance and retention. $0.8 million incurred in Q2 FY2026. Headcount affected not disclosed. | |||
| 2025-11-30 | plant_closure | in_progress | 2026-05-31 | Garden City, New York | Repair & Engineering (component repair / Product Support) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Component repair facility closing with operations relocating to other Product Support sites, expected complete in fiscal 2026. Integration expenses (closure, product line exits, severance, retention) were $0.9 million in Q2 FY2026 and $1.9 million YTD; headcount affected not disclosed. | ||||
| 2025-11-30 | acquisition_addition | announced | 2025-12-17 | 2026-05-31 | Repair & Engineering (aircraft interiors engineering) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter agreement; closing expected in fiscal Q4 2026 subject to regulatory approvals. No headcount disclosed. | ||||
| 2025-11-30 | restructuring | completed | 60 | 2025-06-01 | USD 1 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring plan executed in Q1 FY2026 to streamline operations; 60 positions eliminated with $1.0M severance charge. | ||||
| 2025-11-30 | restructuring | in_progress | 2025-11-03 | 2027-05-31 | United States | Repair & Engineering | USD 7 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Consolidating facility footprint by closing Indianapolis facility and relocating to Greensboro. Expected $7.0M in closure costs primarily for severance and retention. | ||
| 2025-08-31 | restructuring | completed | 60 | USD 1 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | First-quarter fiscal 2026 restructuring plan to streamline operations and reduce costs; approximately 60 positions eliminated with severance charges of $1.0 million recognized in the quarter. | |||||
| 2025-08-31 | restructuring | in_progress | 60 | USD 1 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 60 positions eliminated under a restructuring plan executed during the quarter to streamline operations and reduce costs; announcement date, geography and function not disclosed. Count is approximate as stated by the filer. | |||||
| 2025-08-31 | plant_closure | in_progress | 2026-05-31 | Garden City, New York, United States | Repair & Engineering (Product Support integration) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Component repair facility being closed with operations relocated to Product Support facilities; transition expected to complete in fiscal 2026. Integration expenses of $1.0M (facility closure, product line exits, severance, retention) were recognized in the quarter but may overlap with the restructuring severance charge above, so no separate charge is attributed here. Employees affected not disclosed. | ||||
| 2025-08-31 | acquisition_addition | completed | 2025-08-11 | Integrated Solutions | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Aerostrat Corp. closed 2025-08-11 for $15.0M base price plus up to $5.0M contingent consideration; headcount added not disclosed. $0.5M of transaction costs expensed as incurred. | |||||
| 2025-08-31 | restructuring | completed | 60 | 2025-06-01 | USD 1 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring plan to streamline operations and reduce costs; eliminated approximately 60 positions with $1.0 million severance charges. | ||||
| 2025-05-31 | plant_closure | in_progress | Garden City, New York, United States | Repair & Engineering — Component Services | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Component repair facility closure as part of Product Support integration footprint consolidation; operations transitioning to other Product Support/component repair facilities, with transition expected to be completed in fiscal 2026. MD&A cites shutdown inefficiencies as a driver of lower government gross margin in fiscal 2025. Integration expenses including facility closure costs, severance, retention and related costs were $7.5 million in fiscal 2025; affected headcount not disclosed. | |||||
| 2025-05-31 | divestiture_reduction | completed | 2024-12-19 | Repair & Engineering — Landing Gear Overhaul (LGO) business | USD 71 (millions) | other f5-10k / GLM-5.3-flash-HTML | Sale of LGO business to GA Telesis agreed December 19, 2024; sale closed in the fourth quarter of fiscal 2025 with net proceeds of $48.0 million. Total loss on divestiture of $71.1 million, including a $63.0 million pre-tax impairment charge to write assets down to fair value and goodwill of $14.6 million, plus $6.6 million of additional loss from purchase price adjustments. Affected employee headcount not disclosed. | ||||
| 2025-05-31 | divestiture_reduction | completed | 2024-12-19 | Repair & Engineering (Landing Gear Overhaul) | USD 71 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to GA Telesis closed in Q4 fiscal 2025 for net proceeds of $48.0 million; charge is the total loss on divestiture (including a $63.0 million non-cash impairment with $14.6 million goodwill and $6.6 million of purchase price adjustments), not severance. Headcount not disclosed; facility location not specified in filing. | ||||
| 2025-05-31 | plant_closure | in_progress | 2026-05-31 | Garden City, New York, United States | Repair & Engineering (Component Services) | USD 8 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Component repair facility closure part of post-acquisition footprint consolidation, with operations relocating to Product Support facilities; transition expected to complete in fiscal 2026. Charge is total fiscal 2025 integration expense (facility closure, severance, retention, other), not attributable solely to this site. Employees affected not disclosed. | |||
| 2025-05-31 | divestiture_reduction | completed | India | Repair & Engineering (airframe maintenance joint venture) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exited 40% joint venture operating an airframe maintenance facility during fiscal 2025 via Share Purchase Agreement; recognized a $2.1 million gain (not a charge) and de-recognized a $9.4 million debt guarantee. Employees affected not disclosed. | |||||
| 2025-05-31 | restructuring | completed | 65 | 2024-06-01 | 2025-05-31 | United States | Repair & Engineering | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance costs of $0.5 million incurred in fiscal 2024 at former Landing Gear Overhaul facility impacting approximately 65 employees. All payments completed in fiscal 2024. | |
| 2025-05-31 | restructuring | in_progress | 65 | Employee Severance [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-02-28 | plant_closure | in_progress | 2026-06-30 | Garden City, New York | Repair & Engineering — component repair | USD 6 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Component repair facility closure with operations relocated to Product Support facilities; integration costs of $5.6 million in the nine months ended February 28, 2025 ($1.8 million in the quarter) covering facility closure costs, severance, retention and other costs. Transition expected complete in early fiscal 2026. | |||
| 2025-02-28 | divestiture_reduction | announced | 2024-12-19 | 2025-05-31 | Repair & Engineering — Landing Gear Overhaul | USD 63 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Agreement to divest LGO business to GA Telesis for $51 million; sale expected to close in Q4 fiscal 2025. Non-cash pre-tax impairment charge of $63.0 million recognized in Q3 fiscal 2025; no headcount figure disclosed. | |||
| 2025-02-28 | plant_closure | in_progress | 2025-08-31 | Garden City, New York, United States | Repair & Engineering — component repair | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility closure and relocation of operations to Product Support sites as part of ongoing integration; transition expected complete in early fiscal 2026. Integration expenses of $5.6M recognized YTD (severance, retention, facility closure costs) but no employee count or severance-specific allocation disclosed. | ||||
| 2025-02-28 | divestiture_reduction | announced | 2024-12-19 | 2025-05-31 | United States | Repair & Engineering — Landing Gear Overhaul (LGO) | USD 63 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of LGO business to GA Telesis for $51M; assets and liabilities reclassified to held for sale in Q3 FY2025. Non-cash pre-tax impairment of $63.0M recognized. Expected close in Q4 FY2025 subject to closing conditions. No employee count disclosed. | ||
| 2025-02-28 | restructuring | in_progress | 2026-03-31 | Garden City, New York | Repair & Engineering | USD 6 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Integration expenses including facility closure costs, severance, retention and other costs related to closing Garden City facility and relocating operations. Completion expected early fiscal 2026. | |||
| 2025-02-28 | plant_closure | in_progress | United States | Repair & Engineering | USD 63 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Non-cash impairment charge to adjust carrying value of LGO assets to estimated fair value in connection with divestiture agreement. Sale expected to close in Q4 FY2025. | ||||
| 2024-11-30 | plant_closure | in_progress | 2026-05-31 | Garden City, New York, United States | Repair & Engineering | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Integration of Product Support acquisition includes closing the Garden City component repair facility and relocating operations; $3.8M integration expenses recognized in six months ended Nov 30, 2024, including facility closure, severance, retention and other costs. No employee count disclosed. | |||
| 2024-11-30 | divestiture_reduction | announced | 2024-12-19 | 2025-03-31 | United States | Repair & Engineering (Landing Gear Overhaul) | USD 60 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to divest Landing Gear Overhaul business to GA Telesis for $51M; expected non-cash pre-tax loss of approximately $60M in Q3 FY2025. No employee count disclosed. | ||
| 2024-11-30 | acquisition_addition | completed | 2024-03-01 | 2024-03-01 | Global | Repair & Engineering | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Triumph Group's Product Support business completed March 1, 2024 for $725.0M initial purchase price. No headcount added disclosed in this filing. | |||
| 2024-11-30 | restructuring | in_progress | 2026-05-31 | Garden City, New York | Repair & Engineering | USD 4 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Integration expenses including facility closure costs, severance, retention and other costs related to closing Garden City facility and relocating operations to Product Support facilities. Employee count not disclosed. | |||
| 2024-11-30 | divestiture_reduction | announced | 2024-12-19 | 2025-03-31 | Repair & Engineering | USD 60 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Agreement to divest Landing Gear Overhaul business to GA Telesis. Pre-tax loss of approx $60M expected. Employee count not disclosed. | |||
| 2024-08-31 | plant_closure | in_progress | 2026-05-31 | United States (Garden City, New York) | Repair & Engineering | USD 2 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Component repair facility closure and relocation of operations to Product Support facilities as part of Triumph Product Support integration; $1.5M recognized in Q1 FY2025 for integration expenses including facility closure costs, severance and other costs. No employee count disclosed; transition expected complete in fiscal 2026. | |||
| 2024-08-31 | restructuring | in_progress | 2026-05-31 | Garden City, New York | Repair & Engineering | USD 2 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Integration of Triumph Group Product Support acquisition includes closing Garden City facility and relocating operations. $1.5M integration expenses recognized including facility closure and severance costs. | |||
| 2024-05-31 | acquisition_addition | completed | 2024-03-01 | Global | Repair & Engineering | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Triumph Group, Inc.'s Product Support business completed 2024-03-01 for a purchase price of $725.0 million; resulting headcount is folded into the fiscal year-end total of ~5,700 but is not separately quantified in the filing. | ||||
| 2024-05-31 | restructuring | completed | 65 | 2024-05-31 | Miami, Florida, United States | Repair & Engineering — landing gear overhaul facility | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Severance to align landing gear workforce with current production requirements, affecting approximately 65 employees; lump-sum payments based on years of service, all completed within fiscal 2024 (hence completion date set to fiscal year-end). | ||
| 2024-05-31 | plant_closure | in_progress | 2026-05-31 | Garden City, New York, United States | Repair & Engineering — component repair facility | USD 1 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Facility footprint consolidation in conjunction with the Product Support acquisition; operations relocating to certain Product Support facilities; $0.5 million of facility closure costs including severance and other related costs recognized in fiscal 2024; transition of operations expected complete in fiscal 2026 (ending 2026-05-31). | |||
| 2024-05-31 | restructuring | completed | 65 | United States | Repair & Engineering — landing gear overhaul facility (Miami, Florida) | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance incurred in fiscal 2024 to align the workforce with current production requirements; all lump-sum payments completed in fiscal 2024. | |||
| 2024-05-31 | plant_closure | in_progress | 2026-05-31 | United States | Repair & Engineering — Garden City, New York component repair facility | USD 1 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Facility closure costs including severance recognized in fiscal 2024 as part of consolidating the footprint after the Product Support acquisition; operations transitioning to other component repair facilities through fiscal 2026. Headcount affected not disclosed. Note 1 separately reports $0.5 million of severance at the landing gear facility. | |||
| 2024-05-31 | acquisition_addition | completed | 2024-03-01 | 2024-03-01 | Global (commercial and defense markets; Asia-Pacific footprint expansion) | Repair & Engineering | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase price $725.0 million; headcount added not disclosed. Acquired business represented 3.1% of total sales and 28.2% of total assets as of May 31, 2024 and was excluded from management's ICFR assessment. | |||
| 2024-05-31 | restructuring | completed | 65 | 2024-05-31 | 2024-05-31 | United States | Repair & Engineering | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance costs at landing gear overhaul facility to align workforce with production requirements. | |
| 2024-05-31 | plant_closure | in_progress | 2024-05-31 | 2026-05-31 | United States | Repair & Engineering | USD 1 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Closing Garden City, NY component repair facility; operations relocating to Product Support facilities. Transition expected to complete in fiscal 2026. | ||
| 2024-05-31 | restructuring | in_progress | 65 | Employee Severance [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-02-29 | acquisition_addition | completed | 2024-03-01 | 2024-03-01 | Repair & Engineering | USD 725 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition completed March 1, 2024 (subsequent to quarter end); purchase price $725.0 million funded with debt. No employee headcount figures disclosed. | |||
| 2024-02-29 | acquisition_addition | completed | 2023-12-21 | 2024-03-01 | Global | Repair & Engineering | USD 9 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Triumph Group Product Support Business acquired for $725.0M; headcount added not disclosed. $9.4M transaction costs expensed in SG&A. | ||
| 2023-05-31 | acquisition_addition | completed | 100 | 2023-03-20 | United States | Aviation Services (Trax USA Corp. — MRO and fleet management software) | USD 120 (millions) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Approximately 100 U.S. employees added through the Trax USA Corp. acquisition completed March 20, 2023 (headcount disclosed in Item 1; acquisition terms in Note 15). Associated charge is the cash purchase price of $120.0 million plus up to a $20.0 million revenue-based earn-out; not a severance or restructuring charge. | ||
| 2023-05-31 | acquisition_addition | completed | 100 | 2023-03-20 | 2023-03-20 | United States | Aviation Services (Integrated Solutions / software) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Trax USA Corp. on March 20, 2023 for $120.0 million cash plus up to $20.0 million contingent consideration; approximately 100 U.S. employees added, per Item 1 Human Capital Resources. No workforce-specific charge disclosed. | ||
| 2023-05-31 | acquisition_addition | completed | 100 | 2023-03-20 | 2023-03-20 | United States | Aviation Services | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Trax USA Corp. in Q4 fiscal 2023 added approximately 100 U.S. employees. | ||
| 2023-02-28 | acquisition_addition | announced | 2023-03-20 | Aviation Services | USD 120 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Acquired Trax USA Corp. for $120 million plus up to $20 million contingent consideration. Headcount not disclosed. | ||||
| 2022-05-31 | plant_closure | in_progress | Malaysia | Aviation Services — landing gear wheel and brake repair and overhaul joint venture | USD 1 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | During fiscal 2022 the Company decided to pursue a shutdown of the 49%-owned Malaysian joint venture facility, recognizing $0.7 million of additional impairment and related shutdown costs. No employee-impact count or completion date is disclosed. | ||||
| 2022-02-28 | restructuring | completed | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Incurred severance and furlough-related costs of $8.3 million during the nine-month period ended Feb 28, 2021. No specific employee count disclosed. | ||||||
| 2021-11-30 | restructuring | completed | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and furlough-related costs incurred during the six-month period ended November 30, 2020. No specific employee count disclosed. | ||||||
| 2021-08-31 | restructuring | completed | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Filing discloses $6.0 million in severance and furlough-related costs incurred in the three-month period ended August 31, 2020. No employee count is provided. This is a prior-year comparative disclosure included in the current 10-Q. | ||||||
| 2021-05-31 | restructuring | completed | USD 9 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Severance and furlough-related costs incurred in fiscal 2021 as part of COVID-19 cost-alignment actions; recorded in Cost of sales and SG&A; affected headcount not disclosed. | ||||||
| 2021-05-31 | plant_closure | completed | Expeditionary Services | USD 3 (millions) | other f5-10k / GLM-5.3-flash-HTML | Consolidation of manufacturing facilities with impairment and related charges of $2.6 million recognized in fiscal 2021; workforce impact not quantified. | |||||
| 2021-05-31 | divestiture_reduction | completed | 2020-08-31 | United States (Clearwater, FL; Sacramento, CA) | Expeditionary Services — Composites business | USD 20 (millions) | other f5-10k / GLM-5.3-flash-HTML | Sale of aerostructures and aerospace products operations completed August 31, 2020 (first quarter of fiscal 2021); $20.2 million loss on sale; affected headcount not disclosed. | |||
| 2021-05-31 | divestiture_reduction | completed | 2020-08-31 | 2020-08-31 | United States (Clearwater, Florida; Sacramento, California) | Expeditionary Services | USD 20 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of aerostructures and aerospace products operations completed 2020-08-31; loss on sale of $20.2M. Headcount transferred not disclosed. Announcement date not separately disclosed; completion date used. | ||
| 2021-05-31 | restructuring | completed | 2021-05-31 | United States and international | Company-wide (facility consolidations, contract exits/restructurings, discretionary spending reductions) | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance and furlough-related costs incurred during fiscal 2021 in response to COVID-19 demand decline; employees affected not disclosed. Amounts recorded in cost of sales and SG&A. | |||
| 2021-05-31 | plant_closure | completed | 2021-05-31 | United States | Expeditionary Services | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Consolidation of Expeditionary Services manufacturing facilities with $2.6M of impairment and related charges in fiscal 2021; employees affected not disclosed. | |||
| 2021-05-31 | restructuring | completed | 2020-04-01 | 2020-11-16 | Global | All segments | USD 9 (millions) | Item 1A. Risk Factors f5-10k / Qwen3.6-27B-Q8_0 | Furloughed significant portion of skilled workforce beginning April 2020; employees terminated or brought back by November 16, 2020. $9.0 million in severance and furlough-related costs incurred in fiscal 2021. | ||
| 2021-05-31 | divestiture_reduction | completed | 2020-08-31 | 2020-08-31 | United States | Expeditionary Services | USD 20 (millions) | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Sale of composites manufacturing business completed in early fiscal 2021 (August 31, 2020). Resulted in a charge of $20.2 million. | ||
| 2021-02-28 | restructuring | in_progress | USD 8 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance and furlough-related costs of $8.3 million incurred in the nine months ended February 28, 2021, recorded in Cost of sales and SG&A; remaining severance liability of $1.4 million in Accrued liabilities. No employee counts disclosed. | ||||||
| 2021-02-28 | plant_closure | completed | Aviation Services | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | In response to COVID-19, the company implemented cost actions including a hiring freeze, furloughs, a reduction in force, and closure of an airframe maintenance facility; no headcount figures or dates disclosed. | ||||||
| 2021-02-28 | restructuring | in_progress | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine-month severance and furlough-related costs; no employee count disclosed. Severance liability of $1.4M unpaid at 2021-02-28, in Accrued liabilities. | ||||||
| 2021-02-28 | plant_closure | completed | Aviation Services — airframe maintenance | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | One airframe maintenance facility closed among COVID-19 cost actions (hiring freeze, furloughs, reduction in force); no counts or dates disclosed. | ||||||
| 2021-02-28 | divestiture_reduction | completed | 2020-08-31 | United States | Expeditionary Services — Composites (Clearwater, FL and Sacramento, CA) | USD 20 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Loss on sale of $19.5M; headcount removed through the divestiture not disclosed. | |||
| 2021-02-28 | restructuring | in_progress | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Incurred severance and furlough-related costs of $8.3 million during the nine-month period ended Feb 28, 2021. Liability for severance costs was $1.4 million as of Feb 28, 2021. | ||||||
| 2021-02-28 | plant_closure | completed | Aviation Services | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Closure of an airframe maintenance facility implemented in response to COVID-19 impact. | ||||||
| 2021-02-28 | restructuring | in_progress | Cost Of Sales And Services And Selling General And Administrative Expenses [Member] | USD 8,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-11-30 | restructuring | in_progress | USD 8 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance and furlough-related costs of $8.2 million incurred in the six months ended November 30, 2020, recorded in Cost of sales and SG&A; no employee counts disclosed. Unpaid severance liability of $3.9 million at quarter-end. | ||||||
| 2020-11-30 | plant_closure | completed | Aviation Services (airframe MRO) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | In response to COVID-19, the company implemented cost actions including closure of an airframe maintenance facility, furloughs, and a reduction in force; no headcount figures disclosed. | ||||||
| 2020-11-30 | divestiture_reduction | completed | 2020-08-31 | 2020-08-31 | United States (Clearwater, FL; Sacramento, CA) | Expeditionary Services (Composites) | USD 20 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Composites business completed August 31, 2020 with a $19.5 million loss on sale; no employee headcount transferred disclosed. | ||
| 2020-11-30 | restructuring | in_progress | Global | Company-wide | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-month severance and furlough-related costs; includes reduction in force, furloughs, and compensation/benefit reductions in response to COVID-19. Severance liability of $3.9M unpaid at quarter-end. No employee counts disclosed. | ||||
| 2020-11-30 | plant_closure | completed | United States | Aviation Services (airframe maintenance) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of an airframe maintenance facility as part of COVID-19 cost actions; no headcount or charge attributed to the closure. | |||||
| 2020-11-30 | divestiture_reduction | completed | 2020-08-31 | 2020-08-31 | United States | Expeditionary Services (Composites — Clearwater, FL and Sacramento, CA) | USD 20 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of aerostructures and aerospace products operations; $19.5M loss on sale. No headcount transferred disclosed. | ||
| 2020-11-30 | restructuring | in_progress | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Incurred severance and furlough-related costs of $8.2 million during the six-month period ended Nov 30, 2020. Liability for severance costs was $3.9 million as of Nov 30, 2020. Employee count not disclosed. | ||||||
| 2020-11-30 | plant_closure | completed | Aviation Services | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Closure of an airframe maintenance facility mentioned as part of actions to reduce fixed costs. No specific charge or employee count disclosed for this specific closure in this filing. | ||||||
| 2020-11-30 | restructuring | in_progress | Cost Of Sales And Services And Selling General And Administrative Expenses [Member] | USD 8,200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-08-31 | reduction_in_force | in_progress | USD 6 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Severance and furlough-related costs of $6.0 million incurred in the quarter, recorded in Cost of sales and SG&A; cumulative unpaid severance liability of $7.3 million at quarter-end. Employee count not disclosed. | ||||||
| 2020-08-31 | plant_closure | completed | Aviation Services (airframe MRO) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company closed an airframe maintenance facility as part of COVID-19 cost-reduction actions; headcount impact not quantified. | ||||||
| 2020-08-31 | divestiture_reduction | completed | 2020-08-31 | 2020-08-31 | United States (Clearwater, FL; Sacramento, CA) | Expeditionary Services (Composites) | USD 20 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Sale of aerostructures/aerospace products operations completed August 31, 2020; loss on sale of $19.5 million. Headcount removed not disclosed. | ||
| 2020-08-31 | other | announced | Malaysia | Landing gear wheel and brake joint venture | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company decided to exit its joint venture investment in a Malaysian landing gear wheel and brake facility; workforce impact not quantified. | |||||
| 2020-08-31 | restructuring | in_progress | Not specified | Consolidated (multiple functions) | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and furlough-related costs incurred in Q1 FY2021; severance liability of $7.3M at quarter-end. Employee count not disclosed. | ||||
| 2020-08-31 | plant_closure | in_progress | Not specified | Aviation Services (airframe maintenance) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of an airframe maintenance facility as part of COVID-19 cost actions; headcount impact not quantified. | |||||
| 2020-08-31 | divestiture_reduction | completed | 2020-08-31 | United States (Clearwater, FL and Sacramento, CA) | Expeditionary Services (Composites / aerostructures) | USD 20 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Composites business completed 2020-08-31 with a $19.5M loss on sale; associated headcount removed not disclosed. | |||
| 2020-08-31 | other | announced | Malaysia | Landing gear wheel and brake joint venture | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to exit joint venture investment in a Malaysian landing gear facility; workforce implications not quantified. | |||||
| 2020-08-31 | other | in_progress | Not specified | Consolidated | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | COVID-19 response actions included hiring freeze, compensation reductions, furloughs, reduction in force, and exit of underperforming contracts; no counts disclosed. | |||||
| 2020-08-31 | restructuring | in_progress | 2020-08-31 | Global | Corporate and Operations | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Incurred severance and furlough-related costs of $6.0 million. Liability for severance costs was $7.3 million as of August 31, 2020. Employee count not disclosed. | |||
| 2020-08-31 | plant_closure | completed | 2020-08-31 | United States | Aviation Services | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Closure of an airframe maintenance facility mentioned as part of actions to reduce fixed costs. Employee count not disclosed. | ||||
| 2020-08-31 | restructuring | in_progress | Cost Of Sales And Services And Selling General And Administrative Expenses [Member] | USD 6,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-05-31 | layoff | in_progress | 1,200 | 2020-03 | Company-wide | USD 5 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | COVID-19 response implemented from March 2020: hiring freeze, furloughs, a reduction in force, and elimination of certain employee and contractor positions. About 1,200 employees remained on furlough at May 31, 2020; the reduction-in-force size is not separately disclosed. Fiscal 2020 severance and furlough costs of $5.0 million per MD&A; Note 1 reports $7.1 million of total severance and furlough-related costs, with a $5.5 million liability remaining at year-end. | |||
| 2020-05-31 | plant_closure | announced | Duluth, Minnesota, United States | Aviation Services — airframe maintenance (MRO) | USD 4 (millions) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Decision announced in the fourth quarter of fiscal 2020 (March–May 2020) to close the Duluth airframe maintenance hangar, which served a single customer and was inconvenient for customer route networks. Pretax closure costs of $4.3 million recognized in the quarter, primarily severance and asset impairment charges. Also listed among COVID-19 cost-reduction actions; a fiscal 2020 footnote references closure of two facilities. Affected headcount not disclosed. | ||||
| 2020-05-31 | plant_closure | completed | Expeditionary Services — mobility products | USD 3 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | During fiscal 2020, mobility products operations were consolidated into one core facility and certain product lines were exited as part of the consolidation; $2.8 million of facility closure costs and impairment charges recognized. Affected headcount not disclosed. | |||||
| 2020-05-31 | divestiture_reduction | announced | Malaysia | Aviation Services — landing gear wheel and brake overhaul (49%-owned joint venture) | USD 2 (millions) | other f5-10k / GLM-5.3-flash-HTML | Decision in the fourth quarter of fiscal 2020 to exit the joint venture operating a landing gear wheel and brake repair and overhaul facility in Malaysia; $1.9 million impairment recognized on the investment reflecting anticipated net proceeds. No employee headcount impact disclosed; the 49%-owned joint venture is not consolidated. | ||||
| 2020-05-31 | divestiture_reduction | announced | 2020-06-23 | Clearwater, Florida and Sacramento, California, United States | Expeditionary Services — Composites (aerostructures and aerospace products) | USD 20 (millions) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Definitive asset purchase agreement signed June 23, 2020 (after fiscal year-end) to sell the Composites business, consistent with the strategy to focus on core services; closing expected in the third quarter of calendar 2020. Anticipated impairment charge of approximately $20 million in the first quarter of fiscal 2021 reduces net assets to estimated net proceeds (cash at closing plus fair value of contingent consideration). Affected headcount not disclosed. | |||
| 2020-05-31 | restructuring | in_progress | 2020-03 | Global | Company-wide | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | COVID-19 mitigation actions begun in Q4 FY2020: hiring freeze, non-essential spend cuts, reduced compensation and benefits, furloughs, reduction in force, and exit of underperforming contracts. FY2020 severance and furlough-related costs of $7.1M with $5.5M liability remaining at year end; Item 6 note 2 cites $5.0M of severance and furlough costs for these actions. Approximately 1,200 employees remained on furlough at 2020-05-31; no RIF headcount disclosed. | |||
| 2020-05-31 | plant_closure | in_progress | United States (Duluth, Minnesota) | Aviation Services — airframe maintenance | USD 4 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision announced in Q4 FY2020 to close the Duluth airframe maintenance hangar, which supported a single customer; $4.3M pretax closure costs recognized in Q4, primarily severance and asset impairment. Exact announcement and completion dates not disclosed. | ||||
| 2020-05-31 | plant_closure | completed | United States | Expeditionary Services — mobility products | USD 3 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Mobility products operations consolidated into one core facility during FY2020, with certain product lines exited as part of the consolidation; $2.8M of facility closure costs and impairment charges recognized. No headcount disclosed. | ||||
| 2020-05-31 | divestiture_reduction | in_progress | Malaysia | Aviation Services — landing gear wheel and brake joint venture | USD 2 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision in Q4 FY2020 to exit the Malaysian landing gear wheel and brake repair and overhaul joint venture; $1.9M impairment recognized reflecting anticipated net proceeds. No headcount disclosed. | ||||
| 2020-05-31 | restructuring | completed | Global | Aviation Services and Expeditionary Services — selected product lines | USD 11 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exit of certain product lines across operations recognized as $11.0M of impairment charges in FY2020 (MD&A attributes $6.9M to Aviation Services); no headcount impact disclosed. | ||||
| 2020-05-31 | divestiture_reduction | completed | United States | Expeditionary Services — Contractor-Owned, Contractor-Operated (COCO) business | USD 12 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | COCO exit completed in FY2020: DoD contracts and related assets sold in Q2 FY2020 and the remaining operating contract sold in Q4 FY2020; $11.8M impairment on remaining COCO assets. No headcount disclosed. | ||||
| 2020-05-31 | divestiture_reduction | announced | 2020-06-23 | 2020-09-30 | United States (Clearwater, Florida; Sacramento, California) | Expeditionary Services — Composites (aerostructures and aerospace products) | USD 20 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event after 2020-05-31: asset purchase agreement signed to sell the Composites business, expected to close in calendar Q3 2020; approximately $20M impairment charge expected in Q1 FY2021. No headcount disclosed. | ||
| 2020-05-31 | restructuring | completed | 2020-03-01 | Global | Aviation Services | USD 5 (millions) | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Actions to reduce fixed costs and overhead in response to COVID-19, including furloughs and reduction in force. Recognized severance and furlough costs of $5.0 million. | |||
| 2020-05-31 | plant_closure | completed | 2020-03-01 | Duluth, Minnesota | Aviation Services | USD 4 (millions) | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Closure of airframe maintenance facility in Duluth, Minnesota. Recognized pretax closure costs of $4.3 million primarily related to severance and asset impairment. | |||
| 2020-05-31 | restructuring | in_progress | USD 5,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2020-02-29 | restructuring | announced | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | In response to COVID-19, company announced fourth-quarter cost-reduction actions including facility consolidation, executive pay cuts, hiring freeze, furloughs, and workforce reductions; expected cost of $15 to $20 million with payback within one year. No employee count disclosed. | |||||||
| 2020-02-29 | restructuring | in_progress | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | COVID-19 response actions: executive compensation reduction, hiring freeze, cuts to non-essential spend, furloughs, workforce reductions, and facility consolidation. Estimated cost of $15 to $20 million targeted for the fourth quarter of fiscal 2020, with payback expected within one year. No employee counts or dates disclosed. | |||||||
| 2020-02-29 | divestiture_reduction | completed | United States | Expeditionary Services | USD 12 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the remaining COCO operating contract completed in the fourth quarter of fiscal 2020 after government approval; $11.8 million impairment on remaining COCO assets was recognized in the first quarter of fiscal 2020. No headcount associated with the divestiture was disclosed. | ||||
| 2020-02-29 | restructuring | announced | 2020-02-29 | Global | Corporate / All Segments | USD 18 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company announced actions to reduce fixed costs and overhead by consolidating facilities, reducing executive compensation, freezing hiring, and reducing workforce. Expected cost is $15-20 million. | |||
| 2019-11-30 | restructuring | in_progress | USD 1 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance costs of $0.9 million recognized in Q2 FY2020. | ||||||
| 2019-11-30 | restructuring | in_progress | USD 2 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance costs of $1.7 million recognized in the six months ended Nov 30, 2019. | ||||||
| 2019-08-31 | divestiture_reduction | in_progress | 2019-12-31 | Expeditionary Services — AAR Airlift COCO business | USD 12 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell the remaining COCO operating contract signed in fiscal 2020 Q1; $11.8M impairment on remaining COCO assets. Both sale agreements expected to close before end of calendar 2019. No employee count disclosed. | ||||
| 2019-08-31 | other | in_progress | Consolidated — selling, general and administrative | USD 1 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs of $0.8M cited as a driver of the $9.9M year-over-year increase in SG&A expense; no employee count, program name, or timing disclosed. | |||||
| 2019-08-31 | restructuring | in_progress | USD 1 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance costs of $0.8 million included in SG&A for the quarter ended August 31, 2019. | ||||||
| 2019-05-31 | divestiture_reduction | announced | 2019-03-15 | 2019-12-31 | Contractor-Owned, Contractor-Operated (COCO) business — discontinued operations (formerly Expeditionary Services) | USD 74 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement signed March 15, 2019 to sell certain COCO contracts and assets, with closing expected before end of calendar 2019. The $74.1 million Q3 FY2019 charge is a pre-tax asset impairment reflecting expected net proceeds, not a severance charge. Filing does not disclose affected headcount. | |||
| 2019-05-31 | other | completed | United States and Canada | Aviation Services — airframe maintenance facility network | Item_1_Business f5-10k / GLM-5.3-flash-HTML | During fiscal 2019 the company repositioned elements of its workforce across airframe maintenance facilities to optimize staffing levels. Purely qualitative; no employee counts, charges, or specific dates disclosed, and it may reflect internal reallocation rather than net headcount reduction. | |||||
| 2019-05-31 | other | completed | United States; Canada | Aviation Services — airframe maintenance facilities | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | During fiscal 2019 the company repositioned elements of its workforce across its airframe maintenance network to optimize staffing levels; no headcount or charge disclosed | |||||
| 2019-05-31 | divestiture_reduction | in_progress | 2019-03-15 | 2019-12-31 | United States | Contractor-Owned, Contractor-Operated (COCO) business — discontinued operations | USD 74 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement signed 2019-03-15 to sell certain COCO contracts and assets; $74.1M impairment reflecting expected net proceeds, sale expected to close before end of calendar 2019; headcount not disclosed | ||
| 2019-02-28 | divestiture_reduction | announced | 2019-03-15 | 2019-12-31 | United States | Expeditionary Services (COCO business) | USD 74 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell certain COCO contracts and assets; impairment charge recognized in discontinued operations. No employee count disclosed. | ||
| 2018-08-31 | divestiture_reduction | announced | 2019-05-31 | United States | Expeditionary Services — Contractor-Owned, Contractor-Operated (COCO) business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of COCO business decided in Q3 fiscal 2018 (exact announcement date not disclosed in this filing); reported as discontinued operations for all periods, with a $9.8 million goodwill impairment recorded in Q3 fiscal 2018 and $54.2 million of impairment/other charges in Q2 fiscal 2018. No employee counts disclosed; sale expected before end of fiscal 2019. | ||||
| 2018-05-31 | acquisition_addition | completed | 2017-09-19 | 2017-09-19 | Canada | Aviation Services (MRO facilities) | USD 25 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired outstanding shares of two MRO facilities in Canada from Premier Aviation; purchase price approximately $24.8 million ($22.9 million at closing, $1.9 million deferred consideration payable September 2018), partially funded by a Canadian $31 million term loan. Employee headcount added was not disclosed. | ||
| 2018-05-31 | divestiture_reduction | in_progress | Expeditionary Services (COCO aircraft operations business) | USD 64 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Decision made during third quarter of fiscal 2018 (December 2017 - February 2018) to pursue sale of Contractor-Owned, Contractor-Operated (COCO) business; assets, liabilities, and results reported as discontinued operations for all periods and business held for sale at fiscal year-end. Fiscal 2018 charges include $54.2 million asset impairments (second quarter) and $9.8 million goodwill impairment (third quarter). Headcount affected by the divestiture was not disclosed. | |||||
| 2018-05-31 | divestiture_reduction | in_progress | Expeditionary Services (COCO business) | USD 65 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision made in Q3 fiscal 2018 to sell the Contractor-Owned, Contractor-Operated business; assets, liabilities and results reclassified to discontinued operations for all periods presented. Charge of $65.2 million is pre-tax goodwill ($9.8M) and other asset impairments ($54.2M), not severance. No headcount disclosed. Announcement date not stated beyond 'third quarter of fiscal 2018'. | |||||
| 2018-05-31 | acquisition_addition | completed | 2017-09-19 | 2017-09-19 | Canada | Aviation Services (MRO) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired outstanding shares of two Canadian MRO facilities for approximately $24.8 million ($22.9 million paid at closing plus $1.9 million deferred consideration payable September 2018). Headcount added through the acquisition not disclosed. | |||
| 2018-02-28 | voluntary_separation | completed | USD 1 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Severance costs of $1.1 million incurred during the three months ended February 28, 2018 in connection with a voluntary early retirement program; number of participants not disclosed. | ||||||
| 2018-02-28 | voluntary_separation | completed | USD 1 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary early retirement program; severance costs incurred during the three months ended February 28, 2018. Number of participants not disclosed. | ||||||
| 2018-02-28 | divestiture_reduction | announced | 2018-02-28 | Expeditionary Services — COCO business | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | During Q3 FY2018 the company decided to pursue sale of its Contractor-Owned, Contractor-Operated business; assets, liabilities and results reported as discontinued operations. Headcount associated with the business not disclosed; impairment and other charges of $54.2 million recorded in Q3 FY2018 (asset impairments of $65.2 million YTD). | |||||
| 2018-02-28 | acquisition_addition | completed | 2017-09-19 | Canada (Quebec and Ontario) | Aviation Services — MRO | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of two MRO facilities from Premier Aviation for approximately $24.8 million; headcount added not disclosed. | ||||
| 2018-02-28 | voluntary_separation | completed | USD 1 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Incurred $1.1 million of severance costs in connection with a voluntary early retirement program during the three months ended February 28, 2018. | ||||||
| 2017-11-30 | acquisition_addition | completed | 2017-09-19 | Canada (Quebec and Ontario) | Aviation Services | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of two MRO facilities from Premier Aviation for approximately $24.8 million; no employee headcount added disclosed in the filing. | ||||
| 2017-08-31 | acquisition_addition | completed | 2017-09-19 | 2017-09-19 | Canada (Quebec and Ontario) | Aviation Services | USD 29 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase price for two MRO facilities; no headcount added disclosed. Supports a new Air Canada airframe maintenance contract. | ||
| 2017-05-31 | plant_closure | completed | Metal machining operation (Precision Systems Manufacturing; reported in discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Decision to shut down made during first quarter of fiscal 2017; shutdown completed before that quarter ended. Operation had been available for sale within the Precision Systems Manufacturing businesses. Affected employee count not disclosed. | ||||||
| 2017-05-31 | acquisition_addition | completed | 2017-04-10 | Aviation Services | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired trading business of ACLAS Global Limited on April 10, 2017 for $12.0 million at closing plus $3.0 million deferred over three years; includes multi-year component support and repair contract covering approximately 100 aircraft. Headcount added not disclosed. | |||||
| 2017-05-31 | divestiture_reduction | completed | Expeditionary Services — temperature-controlled container product line | MD&A f5-10k / GLM-5.3-flash-HTML | Certain assets of the temperature-controlled container product line sold to Sonoco Protective Solutions during first quarter of fiscal 2017; resulted in a $2.6 million gain. Workforce impact not disclosed. | ||||||
| 2017-05-31 | plant_closure | completed | 2016-08-31 | United States | Expeditionary Services — metal machining operations | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company decided in Q1 fiscal 2017 to shut down its metal machining operation (previously held for sale); shutdown completed before the end of Q1 fiscal 2017. Headcount not disclosed. | ||||
| 2017-05-31 | other | completed | 2017-05-31 | United States — Lake Charles, Louisiana | Aviation Services — airframe maintenance | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | During fiscal 2017 the Lake Charles facility transitioned from an airframe maintenance facility to a more limited painting-services operation; workforce impact not quantified. | ||||
| 2017-05-31 | other | in_progress | 2016-06-01 | 2017-11-30 | United States | Aviation Services — KC-10 Extender Contractor Logistics Support Program | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | U.S. Air Force awarded the KC-10 Program to a competitor in June 2016; principal services completed January 2017 with wind-down expected complete in mid-fiscal 2018. Headcount not disclosed. | |||
| 2017-05-31 | divestiture_reduction | completed | 2016-08-31 | United States | Expeditionary Services — temperature-controlled container product line | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Certain assets of the temperature-controlled container product line sold to Sonoco Protective Solutions, Inc. in Q1 fiscal 2017 (gain of $2.6 million); headcount not disclosed. | ||||
| 2017-05-31 | acquisition_addition | completed | 2017-04-10 | 2017-04-10 | International | Aviation Services — ACLAS Global Limited trading business | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the trading business of ACLAS Global Limited for $12.0 million plus $3.0 million deferred consideration, alongside a multi-year component support contract covering about 100 aircraft; acquired headcount not disclosed. | |||
| 2016-11-30 | plant_closure | completed | 2016-08-31 | United States | Precision Systems Manufacturing (PSM) — metal machining operation | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company decided during Q1 fiscal 2017 to shut down the metal machining operation previously held for sale; shutdown completed before quarter-end. No employee count or severance charge disclosed. Related $57.5M impairment was recognized in fiscal 2015. | ||||
| 2016-08-31 | plant_closure | completed | 2016-08-31 | United States | Precision Systems Manufacturing (PSM) — metal machining operation | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company decided during Q1 FY2017 to shut down the metal machining operation; shutdown completed before quarter end. No employee count or charge disclosed. | ||||
| 2016-08-31 | other | completed | 2016-08-31 | Corporate / unspecified | USD 1 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs of $0.7 million included in the $4.8 million SG&A increase for the quarter; no employee count or program detail given. | ||||
| 2016-08-31 | restructuring | completed | 2016-08-31 | Precision Systems Manufacturing | USD 1 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Shut down of metal machining operation completed prior to end of first quarter; SG&A increased by $0.7 million for severance costs. | ||||
| 2016-05-31 | plant_closure | completed | Hot Springs, Arkansas, United States | Aviation Services — airframe maintenance (MRO) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Regional aircraft maintenance facility closed during fiscal 2016, reducing the MRO footprint to five airframe facilities; affected headcount and any closure charge not separately disclosed. | |||||
| 2016-05-31 | acquisition_addition | completed | 2015-12-04 | United States | Expeditionary Services — modular shelters | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Asset acquisition of Vantem Modular LLC closed December 4, 2015 for $4.8 million plus future royalties up to $5.0 million; number of employees acquired not disclosed. | ||||
| 2016-05-31 | plant_closure | completed | Hot Springs, Arkansas, United States | Aviation Services — regional aircraft maintenance | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Filer states it closed a regional aircraft maintenance facility in Hot Springs, Arkansas during fiscal 2016; no employee count, date, or charge disclosed. | |||||
| 2016-05-31 | acquisition_addition | completed | 2015-12-04 | 2015-12-04 | Expeditionary Services — modular shelters | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of certain assets of Vantem Modular LLC for $4.8 million plus royalties of up to $5.0 million; headcount added not disclosed. | ||||
| 2015-11-30 | plant_closure | completed | Hot Springs, Arkansas, United States | Aviation Services — airframe maintenance, repair and overhaul | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Presented as part of phase three of the multi-phase transformation (streamlining corporate office, reducing overhead, consolidating airframe MRO via the Hot Springs facility closure). Filing gives no announcement date, completion date, affected-employee count, or severance charge; timing appears to precede the quarter covered by this 10-Q. | |||||
| 2015-08-31 | plant_closure | completed | Hot Springs, Arkansas | Aviation Services | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Closure of airframe maintenance, repair, and overhaul facility mentioned as part of fiscal 2015 streamlining efforts; no specific headcount or charge disclosed in this 10-Q. | |||||
| 2015-05-31 | plant_closure | announced | 2015-06-24 | Hot Springs, Arkansas, United States | Aviation Services — regional aircraft maintenance | USD 2 (millions) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Subsequent event: announced after the May 31, 2015 fiscal year-end. Facility operations to be transferred to Oklahoma City. Expected fiscal 2016 exit-related costs comprise severance, relocation, lease termination fees and other exit costs. Affected headcount not disclosed. | |||
| 2015-05-31 | divestiture_reduction | completed | 2015-03-26 | Telair Cargo Group (previously Technology Products segment; reported as discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Decision to sell made in Q3 fiscal 2015; sale to TransDigm completed 2015-03-26 for $725 million with a pre-tax gain of $198.6 million (no associated workforce charge). Employee headcount of the divested business not disclosed. | |||||
| 2015-05-31 | divestiture_reduction | announced | Precision Systems Manufacturing (previously Technology Products segment; metal and composite machined and fabricated parts manufacturing) | USD 58 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Intention to sell announced; business held for sale at fiscal year-end. Fiscal 2015 impairment of $57.5 million reduced net asset carrying value to expected sale value (asset write-down, not severance). Affected headcount not disclosed. | |||||
| 2015-05-31 | divestiture_reduction | completed | 2015-03-26 | International (Telair operations) | Technology Products (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Telair Cargo Group to TransDigm completed 2015-03-26 for $725 million; headcount transferred not disclosed. Related $198.6M pre-tax gain is a gain, not a severance charge. | ||||
| 2015-05-31 | divestiture_reduction | announced | United States | Technology Products — Precision Systems Manufacturing (discontinued operations) | USD 58 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company announced intention to sell PSM; $57.5M impairment recognized in FY2015 to reduce carrying value to expected sale value. Headcount not disclosed; charge is asset impairment, not severance. | ||||
| 2015-05-31 | plant_closure | announced | 2015-06-24 | United States — Hot Springs, Arkansas | Aviation Services — regional aircraft maintenance facility | USD 2 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event after FY2015 year-end: plan to close facility and transfer operations to Oklahoma City; ~$1.5M of exit-related costs (severance, relocation, lease termination) expected in fiscal 2016. Headcount not disclosed. | |||
| 2015-05-31 | restructuring | completed | United States | Corporate | USD 2 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2015 severance costs of $1.7M included in the $5.1M increase in SG&A expenses; employee counts not disclosed. | ||||
| 2015-05-31 | restructuring | completed | 2015-05-31 | Global | Corporate | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Severance costs of $1.7 million recognized in SG&A. | |||
| 2015-05-31 | plant_closure | announced | 2015-06-24 | Hot Springs, Arkansas | Aviation Services | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Announced plan to close regional aircraft maintenance facility and transfer operations to Oklahoma City. | ||||
| 2015-02-28 | divestiture_reduction | completed | 2015-03-26 | Telair Cargo Group (Telair International, Telair US, Nordisk Aviation Products) | other f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Telair Cargo Group to TransDigm for $725 million completed March 26, 2015; headcount affected not disclosed. | |||||
| 2015-02-28 | divestiture_reduction | announced | Precision Systems Manufacturing (metal and composite machined/fabricated parts operations) | USD 46 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Intention to sell Precision Systems Manufacturing announced; $46.4 million impairment charge recognized in Q3 FY2015 to reduce net assets to expected sale value. Headcount affected not disclosed. | |||||
| 2015-02-28 | restructuring | completed | USD 1 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Severance costs of $1.4 million incurred in the quarter; number of employees affected not disclosed. | ||||||
| 2015-02-28 | other | in_progress | USD 1 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs of $1.4 million recognized in the third quarter of fiscal 2015; no employee count or program details disclosed. Same amount cited for the nine-month period, indicating the cost was incurred in Q3. | ||||||
| 2015-02-28 | divestiture_reduction | completed | 2015-03-26 | Technology Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the Telair Cargo Group (Telair International, Telair US, Nordisk Aviation Products) to TransDigm completed after quarter end for $725 million; no headcount associated with the divested businesses is disclosed. | |||||
| 2015-02-28 | divestiture_reduction | announced | Technology Products | USD 46 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Intention to sell the Precision Systems Manufacturing business announced; a $46.4 million impairment was recognized in Q3 fiscal 2015 to write net assets down to expected sale value. Charge is an asset impairment, not severance; no employee count disclosed. | |||||
| 2015-02-28 | restructuring | in_progress | 2015-02-28 | Aviation Services | USD 1 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance costs of $1.4 million recognized in SG&A for the three months ended Feb 28, 2015. | ||||
| 2014-11-30 | restructuring | completed | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Elimination of certain positions implemented during fiscal 2014, with benefits realized in Q2 FY2015. | |||||||
| 2014-08-31 | restructuring | completed | Corporate | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Realization of benefits from cost control measures implemented in fiscal 2014, including elimination of certain positions. | ||||||
| 2014-05-31 | restructuring | completed | MD&A f5-10k / GLM-5.3-flash-HTML | Fiscal 2014 cost control measures included elimination of certain positions; no affected headcount or associated charge amount disclosed. | |||||||
| 2014-05-31 | acquisition_addition | completed | 2013-12-16 | 2013-12-16 | Germany | Technology Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the cargo systems business of PFW Aerospace GmbH for $15.3 million cash; acquired headcount not disclosed | |||
| 2014-05-31 | reduction_in_force | completed | Company-wide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MD&A cites cost control measures in fiscal 2014 including elimination of certain positions; no headcount, charge, or timing quantified | ||||||
| 2014-05-31 | restructuring | completed | 2014-05-31 | 2014-05-31 | Global | Corporate | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Cost control measures implemented during fiscal 2014, including the elimination of certain positions. No specific headcount or charge amount disclosed. | |||
| 2013-05-31 | restructuring | completed | 2012-06-01 | 2013-05-31 | Global | Technology Products | USD 4 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Fiscal 2012 decision to close two manufacturing plants and idle one facility in Technology Products segment. Charge of $3.7 million included $1.2 million severance and $2.5 million asset impairments. No employee count disclosed. | ||
| 2012-05-31 | plant_closure | completed | Structures and Systems | USD 3,700 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Decision made during Q4 fiscal 2012 to close two manufacturing plants and idle one facility to improve efficiencies; charges comprised approximately $1,200 (thousands) severance expense and $2,500 (thousands) asset impairments; no employee count or completion timeline disclosed. Also referenced in MD&A (deduplicated, footnote used as authoritative source). | |||||
| 2012-05-31 | restructuring | completed | Structures and Systems | USD 3,700 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decided in Q4 fiscal 2012 to close two manufacturing plants and idle one other facility; charge comprises approximately $1,200 severance and approximately $2,500 asset impairments. Number of employees affected not disclosed. | |||||
| 2012-05-31 | acquisition_addition | completed | 2011-12-02 | 2011-12-02 | Germany, Sweden, Singapore, Norway, China | Structures and Systems | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase price increased to $296,500 thousand after working capital adjustment; headcount added through the acquisition not disclosed. | |||
| 2012-05-31 | acquisition_addition | completed | 2011-10-11 | 2011-10-11 | United Kingdom | Aviation Supply Chain | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Total consideration estimated at $43,500 thousand including a potential $20,300 thousand earn-out; headcount added through the acquisition not disclosed. | |||
| 2012-05-31 | restructuring | completed | 2012-Q4 | Structures and Systems | USD 3,700 (thousands) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Closure of two manufacturing plants and idling of one facility. Charge includes approx $1,200k severance and $2,500k asset impairments. Employee count not explicitly disclosed. | ||||
| 2011-11-30 | acquisition_addition | completed | 2011-10-11 | International (UK-based) | Aviation Supply Chain | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Airinmar Holdings Limited, a component repair management services provider; headcount added not disclosed. Consideration estimated at $43,500 thousand including a $20,300 thousand earn-out liability. | ||||
| 2011-11-30 | acquisition_addition | announced | 2011-12-02 | 2011-12-02 | Germany, Sweden, Singapore, Norway, China | Structures and Systems | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter close (December 2, 2011) acquisition of Telair International GmbH and Nordisk Aviation Products, AS for $280,000 thousand, funded initially through the revolving credit facility; headcount added not disclosed. | |||
| 2011-08-31 | plant_closure | in_progress | Amsterdam, Netherlands | Aviation Supply Chain — component repair facility | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to exit the Amsterdam component repair facility was made in fiscal 2011 Q3; strategic alternatives including sale are being evaluated. Aggregate carrying value of the unit is approximately $7,600 thousand. No employee count, severance charge, or completion date disclosed. | |||||
| 2011-05-31 | plant_closure | in_progress | Amsterdam, Netherlands | Aviation Supply Chain (component repair) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Company decided during the third quarter of fiscal 2011 (Dec 2010–Feb 2011) to exit the Amsterdam component repair facility; business now reported as discontinued operations. Strategic alternatives under evaluation, including sale of the unit; aggregate carrying value ~$9.0 million expected to be recovered. No employee count disclosed. | |||||
| 2011-05-31 | divestiture_reduction | completed | Maintenance, Repair and Overhaul | other f5-10k / GLM-5.3-flash-HTML | During the fourth quarter of fiscal 2011, the Company sold substantially all assets of a non-strategic product line for $10.0 million cash against a $4.1 million net carrying value, recording a $5.9 million pre-tax gain in operating income. No workforce impact or affected-employee count disclosed. | ||||||
| 2011-05-31 | acquisition_addition | completed | 2010-04-07 | 2010-04-07 | United States | Government and Defense Services | USD 200 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Largest acquisition in Company history; purchase price approximately $200,000 thousand paid in cash. Headcount added not disclosed; Airlift contributed approximately $281,000 thousand of revenue in fiscal 2011. | ||
| 2011-05-31 | plant_closure | in_progress | 2011-02-28 | Amsterdam, Netherlands | Aviation Supply Chain (component repair) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision made during the third quarter of fiscal 2011 (announcement date approximated to quarter end); business reclassified to discontinued operations. Aggregate carrying value approximately $9,000 thousand; Company evaluating strategic alternatives including sale. Employees affected not disclosed. | ||||
| 2011-05-31 | divestiture_reduction | completed | 2011-05-31 | 2011-05-31 | United States | Maintenance, Repair and Overhaul | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of substantially all assets of a non-strategic product line in the fourth quarter of fiscal 2011; $10,000 thousand cash proceeds against $4,078 thousand net carrying value (pre-tax gain $5,922 thousand). Employees affected not disclosed; date approximated to fiscal quarter end. | |||
| 2011-05-31 | divestiture_reduction | completed | 2010-06-30 | 2010-06-30 | United States | AAR Global Solutions, LLC (joint venture) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company and partners agreed in June 2010 to wind down operations of the AAR GS joint venture; resulted in $0 loss attributable to noncontrolling interest in fiscal 2011. Employees affected not disclosed; date approximated to month end. | |||
| 2011-05-31 | plant_closure | announced | 2011-03-31 | Amsterdam | Aviation Supply Chain | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Decided to exit Amsterdam component repair facility in Q3 FY2011. Evaluating strategic alternatives including sale. | ||||
| 2010-11-30 | plant_closure | announced | Amsterdam, Netherlands | Maintenance, Repair and Overhaul — component repair facility | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Company will exit its Amsterdam component repair facility and is evaluating strategic alternatives including sale; unit lost money over past several quarters; aggregate carrying value approximately $11,000 thousand; to be reported as discontinued operation beginning Q3 fiscal 2011. No employee count disclosed. | |||||
| 2010-11-30 | plant_closure | announced | 2010-11-30 | Amsterdam, Netherlands | Maintenance, Repair and Overhaul (component repair facility) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company decided to exit the Amsterdam component repair facility and is evaluating strategic alternatives including sale; approximately $1,000 severance costs recorded in Q2 MD&A; no employee count disclosed. Carrying value of unit approximately $11,000. | ||||
| 2010-11-30 | other | announced | 2010-11-30 | Amsterdam, Netherlands | Aviation Supply Chain | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Company concluded it will exit Amsterdam component repair facility and is evaluating strategic alternatives including sale. Unit lost money over past several quarters. | ||||
| 2010-11-30 | acquisition_addition | completed | 2010-04-07 | United States | Government and Defense Services | USD 200,000 (units) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired Aviation Worldwide Services for approximately $200,000 cash. Headcount not explicitly disclosed. | |||
| 2010-05-31 | acquisition_addition | completed | 2010-04-07 | 2010-04-07 | Global (operations principally in Afghanistan, Northern Africa and the Western Pacific) | Government and Defense Services | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired Aviation Worldwide Services (AWS) from Xe Services LLC on April 7, 2010 for approximately $200 million in cash, adding expeditionary airlift and aircraft modification operations. Headcount added through the acquisition was not disclosed. Purchase agreement dated March 25, 2009. | |||
| 2010-05-31 | acquisition_addition | completed | 2010-04-07 | 2010-04-07 | United States (operations in Afghanistan, Northern Africa, Western Pacific) | Government and Defense Services | USD 200 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Aviation Worldwide Services from Xe Services LLC; purchase price approximately $200,000 thousand cash. Headcount added not disclosed; AWS results reported in new Government and Defense Services segment | ||
| 2010-05-31 | other | in_progress | United States | Corporate (AAR Global Solutions joint venture) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | AAR Global Solutions, launched June 2009, is in the process of winding down operations; headcount affected not disclosed | |||||
| 2010-05-31 | acquisition_addition | completed | 2010-04-07 | 2010-04-07 | Worldwide | Government and Defense Services | Item 1. Business - Recent Developments f5-10k / Qwen3.6-27B-Q8_0 | Acquired AWS on April 7, 2010. Specific headcount added not disclosed in filing. | |||
| 2009-05-31 | divestiture_reduction | completed | Frankfort, New York, United States | Structures and Systems — non-core industrial gas turbine engine business | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Exit decision made in Q3 fiscal 2007; sale of the business to the local management team completed November 25, 2008, during fiscal 2009. No affected employee headcount disclosed. A $2,209 pre-tax loss on disposal was recorded, reflecting asset disposal rather than severance. | |||||
| 2009-05-31 | divestiture_reduction | completed | 2008-11-25 | 2008-11-25 | Frankfort, New York, United States | Structures and Systems (non-core industrial gas turbine engine business) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Assets and certain liabilities of the industrial gas turbine engine business sold to the local management team; results classified as discontinued operations. No employee count disclosed for the transferred workforce. Pre-tax loss on disposal of $2,209 thousand ($1,403 thousand after tax) is a business disposal charge, not a severance charge. | |||
| 2009-02-28 | reduction_in_force | completed | Amsterdam, Netherlands | Aviation Supply Chain — component repair business | USD 1,900 (thousands) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Severance expense of $1,900 thousand included in SG&A increase, principally associated with a staffing reduction at the Amsterdam-based component repair business; headcount affected not disclosed. | ||||
| 2009-02-28 | layoff | completed | Amsterdam, Netherlands | Maintenance, Repair and Overhaul — component repair business | USD 1,900 (thousands) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance expense of $1,900 thousand in Q3 FY2009 tied to a staffing reduction at the Amsterdam component repair business; no employee count or announcement date disclosed. | ||||
| 2009-02-28 | divestiture_reduction | completed | 2008-11-25 | 2008-11-25 | United States | Structures and Systems — industrial gas turbine engine business | USD 2,209 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Business sold to local management team on 2008-11-25; pre-tax loss on disposal of $2,209 thousand ($1,403 thousand after tax). No headcount transferred or retained disclosed. | ||
| 2009-02-28 | restructuring | completed | Amsterdam | Component repair business | USD 1,900 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Staffing reduction at Amsterdam-based component repair business; $1.9M severance expense included in SG&A. | ||||
| 2008-11-30 | other | completed | 2008-11-25 | 2008-11-25 | United States | Structures and Systems | USD 2,209 (thousands) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of industrial gas turbine engine business to local management team. Pre-tax charge of $2,209 represents loss on disposal. Employee count not disclosed. | ||
| 2008-11-30 | other | completed | 2008-11-30 | 2008-11-30 | Corporate | USD 800 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance expense of $800 included in selling, general and administrative expenses. Employee count not disclosed. | |||
| 2008-08-31 | restructuring | completed | USD 1,414 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Selling, general and administrative expenses increased $1,414 due to severance expense recognized during the quarter. | ||||||
| 2008-05-31 | acquisition_addition | completed | 2007-12-03 | 2007-12-03 | United States | Structures and Systems | USD 71 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Summa Technology, Inc., a provider of high-end sub-systems and precision machining, fabrication, welding and engineering services; purchase price approximately $71,000 (dollars in thousands, i.e., ~$71 million), paid in cash. Headcount added through the acquisition is not disclosed. Also referenced in Item 1 and Item 1A; footnote is the authoritative source. | ||
| 2008-05-31 | acquisition_addition | completed | 2008-03-05 | 2008-03-05 | United States | Maintenance, Repair and Overhaul | USD 40 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Avborne Heavy Maintenance, Inc. and a related entity, a provider of aircraft heavy maintenance at a leased Miami International Airport facility; purchase price approximately $40,000 (dollars in thousands, i.e., ~$40 million), comprising $15,000 cash plus assumption of a $25,000 industrial revenue bond. Headcount added through the acquisition is not disclosed. Also referenced in Item 1 and Item 1A; footnote is the authoritative source. | ||
| 2008-05-31 | acquisition_addition | completed | 2007-12-03 | 2007-12-03 | United States | Structures and Systems | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Summa Technology, Inc., a sub-systems and precision machining/fabrication provider; purchase price approximately $71,000 thousand cash. Headcount added not disclosed. | |||
| 2008-05-31 | acquisition_addition | completed | 2008-03-05 | 2008-03-05 | United States (Miami, Florida) | Maintenance, Repair and Overhaul | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Avborne Heavy Maintenance, Inc. and a related entity; purchase price approximately $40,000 thousand ($15,000 cash plus assumption of a $25,000 industrial revenue bond). Headcount added not disclosed. | |||
| 2007-11-30 | acquisition_addition | completed | 2007-01-12 | Hot Springs, Arkansas, United States | Maintenance, Repair and Overhaul | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a regional airframe MRO facility; purchase price approximately $11,800 thousand paid in cash. No employee count disclosed. | ||||
| 2007-11-30 | acquisition_addition | completed | 2007-04-02 | United States | Structures and Systems | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Privately held defense contractor providing engineering, design, manufacturing and systems integration services; purchase price approximately $26,700 thousand paid in cash. No employee count disclosed. | ||||
| 2007-11-30 | acquisition_addition | announced | 2007-12-03 | United States | Structures and Systems | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter acquisition of a sub-systems and precision machining, fabrication, welding and engineering services provider; purchase price approximately $65,000 thousand paid in cash. No employee count disclosed. | ||||
| 2007-11-30 | divestiture_reduction | in_progress | 2007 | 2008-02-29 | Frankfort, New York, United States | Structures and Systems | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to exit the non-core industrial turbine business, classified as a discontinued operation; expected sale prior to February 29, 2008. Net assets approximately $4,900 thousand at period end. No employee count disclosed; announcement date known only as fiscal Q3 2007. | |||
| 2007-08-31 | acquisition_addition | completed | 2007-01-12 | United States (Hot Springs, Arkansas) | Maintenance, Repair and Overhaul | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of substantially all assets of a regional airframe MRO facility; purchase price approximately $11,800 thousand cash. Headcount added not disclosed. | ||||
| 2007-08-31 | acquisition_addition | completed | 2007-04-02 | United States | Structures and Systems | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a privately held defense contractor providing engineering, design, manufacturing and systems integration services; purchase price approximately $26,700 thousand cash. Headcount added not disclosed. | ||||
| 2007-08-31 | divestiture_reduction | in_progress | 2006-11-30 | 2008-02-29 | United States (Frankfort, New York) | Structures and Systems | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision made during the third quarter of fiscal 2007 to exit the non-core industrial turbine business, expected to be sold before February 29, 2008; net assets approximately $4,900 thousand at quarter-end. Number of employees affected not disclosed. | |||
| 2007-05-31 | acquisition_addition | completed | 2007-01-12 | Hot Springs, Arkansas, United States | Maintenance, Repair and Overhaul | USD 11,800 (thousands) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired substantially all assets of Reebaire Aircraft, Inc., a regional airframe MRO facility; purchase price paid in cash. Employee headcount added through the acquisition not disclosed. | |||
| 2007-05-31 | acquisition_addition | completed | 2007-04-02 | Structures and Systems | USD 26,700 (thousands) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired 100% of shares of Brown International Corporation, a privately held defense contractor providing engineering, design, manufacturing and systems integration services; purchase price paid in cash. Employee headcount added through the acquisition not disclosed. | ||||
| 2007-05-31 | divestiture_reduction | in_progress | Frankfort, New York, United States | Structures and Systems | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Decision made in the third quarter of fiscal 2007 to exit the non-core industrial turbine business; classified as discontinued operations with net assets of roughly $4,500 thousand at May 31, 2007 and expected to be sold within 12 months. Fiscal 2007 revenues of the business were $7,778 thousand. Affected employee headcount not disclosed. | |||||
| 2007-05-31 | divestiture_reduction | completed | Structures and Systems | USD 6,567 (thousands) | other f5-10k / GLM-5.3-flash-HTML | During the first quarter of fiscal 2007, sold substantially all assets, subject to certain liabilities, of a product line; proceeds were $6,567 thousand against a net carrying value of $1,209 thousand, producing a $5,358 thousand gain recorded in operating income. Affected employee headcount not disclosed. | |||||
| 2007-05-31 | acquisition_addition | completed | 2007-01-12 | 2007-01-12 | United States (Hot Springs, Arkansas) | Maintenance, Repair and Overhaul | USD 11,800 (thousands) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase price for substantially all assets of Reebaire Aircraft, a regional airframe MRO facility; headcount added not disclosed. Purchase price allocation preliminary. | ||
| 2007-05-31 | acquisition_addition | completed | 2007-04-02 | 2007-04-02 | United States | Structures and Systems | USD 26,700 (thousands) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 100% share acquisition of Brown International Corporation, a defense engineering and systems integration contractor; headcount added not disclosed. Purchase price allocation not yet finalized. | ||
| 2007-05-31 | divestiture_reduction | in_progress | 2007-02 | United States (Frankfort, New York) | Structures and Systems | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision to exit non-core industrial turbine business disclosed only as occurring in fiscal third quarter of 2007 (Dec 2006-Feb 2007); business expected to be sold within 12 months. Net assets of approximately $4,500 thousand at year-end; headcount not disclosed. | ||||
| 2007-05-31 | divestiture_reduction | completed | 2006-08 | 2006-08 | United States | Structures and Systems | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of substantially all assets of a product line in the first quarter of fiscal 2007; proceeds $6,567 thousand, gain $5,358 thousand. Headcount removed not disclosed; date given only as fiscal first quarter (Jun-Aug 2006). | |||
| 2006-08-31 | divestiture_reduction | completed | United States | Structures and Systems | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of substantially all assets of a product line during the quarter; proceeds $6,567 thousand, gain $5,358 thousand. No employee count or headcount impact disclosed; a transition services agreement was entered with the buyer. | |||||
| 2005-05-31 | divestiture_reduction | completed | 2005-02-17 | 2005-02-17 | Windsor, Connecticut, United States | Aviation Supply Chain (engine component repair business) | USD 287 (thousands) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of substantially all engine component repair business assets completed Feb 17, 2005 for $7,700 thousand cash. Total pre-tax loss on disposal was $3,651 thousand ($2,321 after-tax), comprising $287 thousand severance, $619 thousand closing costs, and $2,745 thousand difference between consideration and net book value. Headcount affected not disclosed. | ||
| 2005-05-31 | divestiture_reduction | completed | 2005-02-17 | 2005-02-17 | United States (Windsor, Connecticut) | Aviation Supply Chain — engine component repair business | USD 3,651 (thousands) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax loss on disposal of $3,651 thousand ($2,321 thousand after tax), including $287 thousand severance and $619 thousand closing costs; headcount of the divested unit not disclosed. | ||
| 2005-05-31 | other | completed | 2005-05-31 | 2005-06-01 | United States | Corporate — defined benefit pension plan | USD 667 (thousands) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cash balance pension plan frozen effective June 1, 2005 with a $667 thousand curtailment loss recorded in Q4 fiscal 2005; benefit-plan action with no headcount reduction disclosed. | ||
| 2005-05-31 | divestiture_reduction | completed | 2005-02-17 | 2005-02-17 | Windsor, Connecticut | Aviation Supply Chain | USD 287 (thousands) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sold engine component repair business. Pre-tax charge of $3,651 included $287 in severance charges and $619 in closing costs. | ||
| 2005-02-28 | divestiture_reduction | completed | 2005-02-17 | 2005-02-17 | United States | Maintenance, Repair and Overhaul — engine component repair business (Windsor, Connecticut) | USD 287 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of substantially all assets of the engine component repair unit; pre-tax charge of $3,505 thousand included severance of $287 thousand and closing costs of $473 thousand. Number of employees affected not disclosed. | ||
| 2005-02-28 | divestiture_reduction | completed | 2005-02-17 | 2005-02-17 | Windsor, Connecticut | Maintenance, Repair and Overhaul | USD 287 (thousands) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of engine component repair business included $287k in severance charges. | ||
| 2003-08-31 | restructuring | completed | 150 | 2001-11-30 | USD 1,500 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction in workforce by approximately 150 employees during the second quarter ended November 30, 2001, in connection with overall cost savings initiatives. Affected employees included management, salaried, salespersons, and hourly employees. | ||||
| 2003-05-31 | restructuring | completed | 150 | 2001-09-01 | 2001-11-30 | Worldwide | Various | USD 1,500 (thousands) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Work force reduced by approximately 150 employees in connection with overall cost savings initiatives during the second quarter ended November 30, 2001. Includes management, salaried, salespersons, and hourly employees. | |
| 2003-02-28 | restructuring | completed | 150 | 2001-11-30 | USD 1,500 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Workforce reduction of approx. 150 employees (management, salaried, sales, hourly) occurred in Q2 FY2002 as part of cost savings initiatives. $1.5M severance accrual recorded. | ||||
| 2002-08-31 | restructuring | completed | USD 2,914 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company reduced selling, general and administrative costs by $2,914 thousand principally through lower personnel costs as a result of headcount, salary and benefit reductions. | ||||||
| 2001-11-30 | other | completed | 2001-09-11 | United States | Corporate / All Segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced layoffs by U.S.-based air carriers and manufacturers exceeded 100,000 people since September 11 attacks; impacts AAR's customers. | ||||
| 2001-08-31 | restructuring | in_progress | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Following the September 11 attacks, the Company implemented cost-reduction and cash-preservation measures including workforce reductions, salary reductions, and facility consolidations. No employee counts or charge amounts were quantified. | |||||||
| 2001-08-31 | restructuring | announced | 2001-09-11 | United States | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | In response to the September 11 attacks, the Company initiated workforce and salary reductions, facility consolidations and cut its quarterly dividend from 8.5 to 2.5 cents per share; no employee counts, charges or completion dates disclosed, and the Company stated it could not yet estimate the financial effect. | ||||
| 2001-08-31 | other | announced | 2001-09-11 | United States | Company-wide | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Company announced workforce and salary reductions, facility consolidations, and dividend reduction following September 11 terrorist attacks. | ||||
| 2001-05-31 | acquisition_addition | completed | 2000-09-29 | 2000-09-29 | North America | Airframe and Accessories | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Hermetic, an aircraft component support company; headcount not disclosed. Purchase price $16,442 thousand. | |||
| 1999-05-31 | acquisition_addition | completed | 1998-10-19 | 1998-10-19 | United States | Airframe and Accessories — regional aircraft landing gear repair and overhaul | USD 8 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase price approximately $7.5 million paid with cash and a note; headcount added not disclosed. | ||
| 1999-05-31 | divestiture_reduction | completed | 1998-11-30 | 1998-11-30 | United States | Manufacturing — floor maintenance products subsidiary | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divestiture of substantially all assets and related liabilities of the floor maintenance products manufacturing subsidiary in November 1998; proceeds of $11,685 thousand; headcount removed not disclosed. | |||
| 1998-11-30 | divestiture_reduction | completed | Floor maintenance products manufacturing subsidiary | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | During the second quarter of fiscal 1999 the Company divested substantially all assets and liabilities of its floor maintenance products manufacturing subsidiary; $11.7 million proceeds approximated net value. No employee count disclosed. | ||||||
| 1998-05-31 | acquisition_addition | completed | 1997-06-02 | 1997-06-02 | Airframe and Accessories | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of substantially all assets of Cooper Aviation Industries; purchase price paid in shares; headcount added not disclosed | ||||
| 1998-05-31 | acquisition_addition | completed | 1997-10-24 | 1997-10-24 | Manufacturing | USD 19 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Stock purchase of ATR International for approximately $19 million cash; headcount added not disclosed | |||
| 1998-05-31 | acquisition_addition | completed | 1997-12-31 | 1997-12-31 | Airframe and Accessories | USD 18 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of substantially all assets of AVSCO Aviation Service for approximately $18.4 million in cash and a note; headcount added not disclosed | |||
| 1998-02-28 | acquisition_addition | completed | 1997-06-02 | 1997-06-02 | Aviation Services — Airframe and Accessories (new parts distribution) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired assets and assumed liabilities of Cooper Aviation Industries, Inc.; purchase price paid in approx. 139 thousand common shares. No employee count disclosed. | ||||
| 1998-02-28 | acquisition_addition | completed | 1997-10-24 | 1997-10-24 | Manufacturing (composite parts and structures) | USD 19 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchased stock of ATR International, Inc. for approximately $19 million cash. Charge value reflects purchase price, not a severance or restructuring charge. No employee count disclosed. | |||
| 1998-02-28 | acquisition_addition | completed | 1997-12-31 | 1997-12-31 | Aviation Services — Airframe and Accessories (new parts distribution) | USD 18 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired assets and assumed liabilities of AVSCO Aviation Service Corporation for approx. $18.4 million in cash and a note. Charge value reflects purchase price, not a severance or restructuring charge. No employee count disclosed. | |||
| 1997-08-31 | acquisition_addition | completed | 1997-06-02 | United States | Aviation Services — Airframe and Accessories | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of substantially all assets of Cooper Aviation Industries, Inc., a factory-new aviation parts distributor; consideration paid in 93 thousand common shares. No employee count disclosed for the acquired workforce. | ||||
| 1997-05-31 | divestiture_reduction | completed | 1997-05-31 | United States | Trading — hardware distribution unit | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount associated with the divested unit not disclosed. | ||||
| 1997-05-31 | acquisition_addition | completed | 1997-08-31 | United States | Trading — factory-new aviation parts distribution (Cooper Aviation Industries, Inc.) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent-event acquisition occurring after fiscal year-end (FY1998 Q1); headcount added not disclosed. | ||||
| 1997-02-28 | divestiture_reduction | completed | Hardware distribution unit | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Subsequent to quarter-end, the Company completed the sale of its hardware distribution unit, realizing in cash its total investment in the business; divestiture followed a review of the unit's performance against long-term financial objectives. No headcount figures disclosed. | ||||||
| 1997-02-28 | divestiture_reduction | completed | Hardware distribution unit | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the hardware distribution unit completed after quarter end; no headcount impact disclosed. Divestiture followed a review of the unit's performance against long-term financial objectives. |