v3.26.3
Goodwill, Net
 12 Months Ended
May 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill, Net
9.
GOODWILL, NET
Goodwill, net, consisted of the following:
 
     As of May 31,  
     2025      2026  
     US$      US$  
Beginning balance
      139,743        139,916  
Exchange differences
      173        2,726  
Ending balance
      139,916        142,642  
Accumulated impairment
      (96,084 )       (96,084 ) 
  
 
 
     
 
 
  
Goodwill, net
      43,832        46,558  
  
 
 
     
 
 
  
The Group performed its annual goodwill impairment testing at the end of each reporting period or more frequently if events or changes in circumstances indicate that it might be impaired. For the year ended May 31, 2025, the Group concluded that the carrying amount of the reporting unit of kindergarten business exceeded its fair value by using a discounted cash flow model and recognized goodwill impairment losses of US$60,299 in the Company’s consolidated statements of operations. For the years ended May 31, 2024 and 2026, the Group concluded that the carrying amount of reporting units did not exceed their fair values and recorded no impairment losses.