v3.26.1
Leases (Tables)
 12 Months Ended
May 31, 2026
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,

 

 

 

2026

 

 

2025

 

Rights of use - non-current assets

 

$

16.6

 

 

$

17.2

 

Lease liabilities - other current liabilities

 

$

4.7

 

 

$

5.6

 

Lease liabilities - non-current liabilities

 

$

13.6

 

 

$

12.9

 

Property and equipment

 

$

—

 

 

$

2.4

 

Current portion of finance lease

 

$

—

 

 

$

2.4

 
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,

 

 

2026

 

 

2025

 

Operating Leases

 

 

 

 

 

 

Weighted average remaining lease term

 

6.3 years

 

 

6.5 years

 

Weighted average discount rate

 

 

6.7

%

 

 

6.0

%

 

 

 

 

 

 

 

Financing Lease

 

 

 

 

 

 

Weighted average remaining lease term

 

 

—

 

 

0.3 years

 

Weighted average discount rate

 

 

—

 

 

 

6.1

%
Components of lease expense and Supplemental cash flow information The components of lease expense were as follows:

 

 

Year Ended May 31,

 

 

 

2026

 

 

2025

 

Operating leases

 

$

5.6

 

 

$

6.2

 

Short term leases

 

 

0.6

 

 

 

0.7

 

Financing lease expense:

 

 

 

 

 

 

Amortization of asset

 

 

0.1

 

 

 

0.3

 

Interest on lease liability

 

 

—

 

 

 

—

 

Total lease expense

 

$

6.3

 

 

$

7.2

 

 

Supplemental cash flow information is as follows:

 

Year Ended May 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

     Operating cash flows for operating leases

 

$

6.5

 

 

$

5.7

 

 

$

4.7

 

     Operating cash flows for finance leases

 

$

—

 

 

$

—

 

 

$

—

 

     Financing cash flows for finance leases

 

$

0.1

 

 

$

0.3

 

 

$

0.2

 

ROU assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

     Operating leases

 

$

5.9

 

 

$

7.1

 

 

$

5.6

 

     Finance leases

 

$

—

 

 

$

—

 

 

 

2.6

 

 
Future lease payments

Future lease payments as of May 31, 2026 are as follows:

 

 

 

Operating

 

Years ending May 31, 2026

 

Leases

 

2027

 

$

6.4

 

2028

 

 

4.7

 

2029

 

 

2.8

 

2030

 

 

1.9

 

2031

 

 

1.3

 

2032 and thereafter

 

 

7.3

 

Total lease payments

 

$

24.4

 

Less: imputed interest (1)

 

 

(5.4

)

Total lease liabilities (1)

 

$

19.0

 

 

(1 ) Includes leases that were reclassified as held for sale as of May 31, 2026.