v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
May 31, 2025
May 31, 2024
May 31, 2023
Cash Flows provided by Operating Activities      
Net loss $ (1,092,044) $ (9,421) $ (22,870)
Adjustments to reconcile net loss to net cash from operating activities:      
Depreciation and amortization 119,483 116,717 88,377
Impairment of discontinued product lines 0 556 3,109
(Gain) loss on sale of minority interest 0 (103) 2,016
Deferred income taxes (57,783) (27,423) (19,230)
Share-based compensation 17,291 13,768 10,177
(Gain) loss on disposal of property and equipment (25) 1,073 (486)
Amortization of debt issuance costs 3,219 3,441 2,720
Goodwill and other long-lived asset impairment 1,068,747 0 0
Loss on refinancing and extinguishment of debt 1,938 0 0
Right of use asset amortization 6,189 4,510 2,097
Other (2,839) 4,829 (685)
Changes in operating assets and liabilities, net of business acquisitions:      
Accounts receivable, net 11,638 (20,101) (53,879)
Inventories, net (16,117) (55,949) 9,955
Prepaid expenses and other current assets (1,504) 11,113 (3,121)
Accounts payable and accrued liabilities (402) 13,751 18,642
Interest expense accrual 93 (164) 4,052
Changes in other non-current assets and non-current liabilities 360 (21,333) 154
Net Cash provided by Operating Activities 58,244 35,264 41,028
Cash Flows (used for) provided by Investing Activities      
Purchase of property, equipment and other non-current intangible assets (104,595) (111,421) (65,757)
Proceeds from the maturities of marketable securities 325 82,004 266,772
Purchase of marketable securities 0 0 (12,523)
Business acquisitions, net of cash acquired 0 0 11,721
Proceeds from the sale of property and equipment and other 5,075 108 826
Net Cash (used for) provided by Investing Activities (99,195) (29,309) 201,039
Cash Flows (used for) provided by Financing Activities      
Exercise of stock options and issuance of employee stock purchase plan shares 2,242 2,456 1,195
Tax payments related to share-based awards (1,500) (118) 0
Proceeds from issuance of long-term debt 450,000 0 0
Repayment of long-term debt (550,000) 0 (100,000)
Proceeds from issuance of revolving credit facility 100,000 0 0
Debt issuance costs paid (2,019) 0 (19,276)
Repayment of finance lease and other (321) (420) 0
Net Cash (used for) provided by Financing Activities (1,598) 1,918 (118,081)
Effects of Foreign Exchange Rate on Cash 942 (502) (5,219)
Net (Decrease) Increase in Cash and Cash Equivalents (41,607) 7,371 118,767
Cash and Cash Equivalents, Beginning of Year 170,611 163,240 44,473
Cash and Cash Equivalents, End of Year 129,004 170,611 163,240
Supplementary Cash Flow Information      
Cash paid for interest 68,142 73,168 42,616
Property and equipment obtained for noncash consideration 930 0 0
Income taxes paid, net of refunds $ 26,544 $ 22,303 $ 15,473