Consolidated Statements of Operations (Parenthetical)
$ in Thousands

12 Months Ended

May 31, 2025

USD ($)

Selling, general and administrative

$ 83,065

^[1]

Loss (gain) on classification as held for sale

24,616

^[2]

Interest expense, net

14,739

^[3]

Disposal Group, Disposed of by Sale, Not Discontinued Operations | Mara Garden City Facility

Proceeds from sale

25,000

Related party revenue

Selling, general and administrative

$ 300

[1]	Includes related party selling, general and administrative expense of $0.3 million, $0.6 million, and $0.1 million for the fiscal years ended May 31, 2025, May 31, 2024, and May 31, 2023 respectively
[2]	Includes $25 million received in connection with the sale of our Garden City facility once conditional approval requirements were met and escrowed funds were released during the fiscal years ended May 31, 2025. The fiscal year ended May 31, 2024 includes $15.4 million loss on classification of held for sale related to the sale of the Garden City facility.
[3]	For the fiscal years ended May 31, 2024 and May 31, 2023, amount includes related party interest expense of $5.7 million and $0.1 million, respectively.

- Definition

The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.

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