We lease various manufacturing, laboratory, warehousing and distribution facilities, administrative and sales offices, equipment and vehicles under operating and finance leases.

Supplemental balance sheet information related to operating and finance leases was as follows:


	Year Ended May 31,
	2025		2024
Rights of use - non-current assets	$	17,152	$	14,785
Lease liabilities - other current liabilities	$	5,641	$	5,101
Lease liabilities - non-current liabilities	$	12,860	$	10,300
Property and equipment	$	2,425	$	2,423
Current portion of finance lease	$	2,426	$	2,447

The weighted average remaining lease term and weighted average discount rate were as follows:


	Year Ended May 31,
	2025			2024
Operating Leases
Weighted average remaining lease term	6.5 years			3.9 years
Weighted average discount rate		6.0	%		5.6	%

Financing Lease
Weighted average remaining lease term	0.3 years			0.3 years
Weighted average discount rate		6.1	%		6.1	%

Operating lease expenses are classified as cost of revenues or operating expenses on the consolidated statements of operations. The components of lease expense were as follows:


	Year Ended May 31,
	2025		2024
Operating leases	$	6,189	$	4,510
Short term leases		722		625
Financing lease expense:
Amortization of asset		299		219
Interest on lease liability		18		12
Total lease expense	$	7,228	$	5,366

Supplemental cash flow information is as follows:


	Year Ended May 31,
	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	5,680	$	4,714	$	2,139
Operating cash flows for finance leases	$	18	$	12		—
Financing cash flows for finance leases	$	298	$	192		—
Non-cash assets obtained in exchange for lease obligations:
Operating leases	$	7,113	$	5,562	$	11,192
Finance leases		—	$	2,642		—

Future lease payments as of May 31, 2025 are as follows:


	Operating			Finance
Years ending May 31,	Leases			Lease
2026	$	6,257		$	2,431
2027		4,638			—
2028		3,237			—
2029		1,763			—
2030		1,153			—
2031 and thereafter		6,773			—
Total lease payments	$	23,821		$	2,431
Less: imputed interest		(5,320	)		(5	)
Total lease liabilities	$	18,501		$	2,426

As of May 31, 2025, the Company had additional leases, primarily for real estate that have not yet commenced with undiscounted lease payments of approximately $2,316. The leases are expected to commence in the first half of fiscal year 2026 with lease terms up to seven years.