Leases (Tables)
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12 Months Ended |
May 31, 2026 |
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| Leases [Abstract] |
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| Schedule of Components of Lease Expense |
The components of lease expense for fiscal 2026, fiscal 2025, and fiscal 2024 were as follows:
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2026 |
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2025 |
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2024 |
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Operating lease expense |
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$ |
9,978 |
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$ |
7,734 |
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$ |
8,245 |
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Financing lease expense |
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Amortization of leased assets |
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1,231 |
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113 |
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81 |
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Interest on lease liabilities |
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304 |
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122 |
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116 |
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Total financing lease expense |
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1,535 |
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|
235 |
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|
197 |
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Short-term lease expense |
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5,184 |
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2,096 |
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2,959 |
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Variable lease expense |
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|
358 |
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|
348 |
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|
296 |
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Total lease expense |
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$ |
17,055 |
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$ |
10,413 |
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$ |
11,697 |
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As of May 31, 2026, we did not have any material leases that have not yet commenced.
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| Other Information Related to Company' s Leases |
Other information related to our leases, as of and for the fiscal years ended May 31, 2026, May 31, 2025, and May 31, 2024, is provided below:
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2026 |
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2025 |
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2024 |
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Operating Leases |
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Financing Leases |
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Operating Leases |
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Financing Leases |
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Operating Leases |
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Financing Leases |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows |
$ |
7,729 |
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$ |
274 |
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$ |
6,648 |
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$ |
120 |
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$ |
7,395 |
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$ |
116 |
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Financing cash flows |
$ |
- |
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$ |
1,147 |
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$ |
- |
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$ |
104 |
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$ |
- |
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$ |
50 |
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ROU assets obtained in exchange for lease liabilities |
$ |
26,611 |
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$ |
4,194 |
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$ |
14,535 |
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|
$ |
647 |
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$ |
3,446 |
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$ |
- |
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Weighted-average remaining lease term (in years) |
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7.62 |
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16.71 |
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4.97 |
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29.65 |
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3.55 |
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35.81 |
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Weighted-average discount rate |
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4.95 |
% |
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|
4.26 |
% |
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4.74 |
% |
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4.08 |
% |
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|
3.44 |
% |
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|
3.75 |
% |
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| Supplimental Balance Sheet Information Including Financial Lease Amounts |
The following table provides supplemental information on the balance sheet captions that include finance lease amounts as of May 31, 2026 and May 31, 2025.
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May 31, |
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2026 |
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2025 |
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Assets |
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Other assets |
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$ |
6,232 |
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$ |
3,442 |
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Liabilities |
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Other accrued items |
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1,282 |
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|
236 |
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Other liabilities |
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|
5,228 |
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|
3,381 |
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Total |
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$ |
6,510 |
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$ |
3,617 |
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| Schedule of Future Minimum Lease Payments for Non-Cancelable Leases |
Future minimum lease payments for non-cancelable leases having an initial or remaining term in excess of one year at May 31, 2026, were as follows:
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Operating Leases |
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Financing Leases |
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2027 |
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$ |
9,814 |
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$ |
1,565 |
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2028 |
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|
8,051 |
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|
1,438 |
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2029 |
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|
5,937 |
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|
1,108 |
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2030 |
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|
5,730 |
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|
562 |
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2031 |
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|
5,250 |
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|
204 |
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Thereafter |
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19,342 |
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|
4,638 |
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Total |
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54,124 |
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|
9,515 |
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Less: imputed interest |
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(10,259 |
) |
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(3,005 |
) |
Present value of lease liabilities |
|
$ |
43,865 |
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$ |
6,510 |
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