v3.26.1
Inventories
12 Months Ended
May 31, 2026
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, 2026May 31, 2025
Raw materials$19,307 $27,497 
Work in process5,711 7,509 
Finished goods27,418 27,000 
Total$52,436 $62,006 
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, 2026 and 2025 was $5.7 million and $4.4 million, respectively.