Franklin Covey FC International — Restructuring Charges
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Where this comes from
Reported directly by Franklin Covey in its filing.
Tagged under the XBRL concept us-gaap:RestructuringCharges.
The source filing: Franklin Covey’s 10-Q, filed July 7, 2026.
- Filed
- Jul 7, 2026, 4:50 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001193125-26-297572
During the quarter ended May 31, 2026, we expensed $0.7 million of restructuring costs in connection with the long-term restructuring plan. These costs were primarily for severance and related expenses for 11 employees and are expected to be paid out over the next two quarters. Approximately $0.6 million of the restructuring charge was attributable to our International segment and $0.1 million was attributable to our North America segment. At May 31, 2026, we had $0.1 million included in accrued liabilities on our condensed consolidated balance sheet for these restructuring activities.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Franklin Covey's international — restructuring charges?
- Franklin Covey (FC) reported international — restructuring charges of $600K in Q1 2026.
- What does international — restructuring charges mean?
- This metric represents non-recurring expenses incurred by the international business segment related to organizational realignment, workforce reductions, or consolidation of operations. Monitoring these charges helps investors assess the impact of strategic pivots and the efficiency of cost-saving initiatives within the global footprint.
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