v3.25.2
Inventories
12 Months Ended
May 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories are stated at lower of cost and net realizable value (using the first-in, first-out method). Inventories consisted of the following:
(in thousands)May 31, 2025May 31, 2024
Raw materials$27,497 $30,736 
Work in process7,509 6,772 
Finished goods27,000 23,108 
Total$62,006 $60,616 
The Company periodically reviews inventory for both obsolescence and loss of value. The Company makes assumptions about the future demand for and market value of the inventory. Based on these assumptions, the Company estimates the amount of obsolete, expiring and slow moving inventory. The total inventory reserve at May 31, 2025 and 2024 was $4.4 million and $3.3 million, respectively.