v3.25.2
Leases (Tables)
12 Months Ended
May 31, 2025
Leases [Abstract]  
Supplemental balance sheet information related to 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

 

Weighted average remaining lease term and weighted average discount rate

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

%

Components of lease expense and Supplemental cash flow information 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

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