v3.26.3
Note 3 - Capital Assets
 3 Months Ended
Aug. 31, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 3. Capital assets

 

Capital assets consisted of the following:

 

  August 31,  May 31, 
  2026  2026 

Land

 $59,583  $59,764 

Production facilities

  462,936   464,415 

Equipment

  286,601   283,778 

Leasehold improvements

  32,807   32,954 

Finance lease, right-of-use assets

  116,458   117,976 

Construction in progress

  7,630   10,009 
  $966,015  $968,896 

Less: accumulated amortization

  (300,092)  (288,671)

Total

 $665,923  $680,225 

    

Assets held for sale consisted of the following:

 

  

August 31,

  

May 31,

 
  

2026

  

2026

 

Equipment

 $979  $979 

Leasehold improvements

  493   493 

Operating lease, right-of-use assets

  977   977 

Total

 $2,449  $2,449 

 

During the fiscal year ended  May 31, 2026, the Company classified certain assets of its Atwater Brewing business, which are assets contained within its Beverage reporting unit having a carrying value of $2,449, as assets held for sale. These assets were acquired on September 1, 2024 in connection with the transaction referred to as “Craft Acquisition II.” Following management’s assessment of facility utilizations, it was determined that such assets would be held for sale. Assets held for sale are measured at the lower of carrying amount and the fair value less costs to sell and are no longer depreciated. Changes in the carrying amount are recorded in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss).