v3.26.3
Inventories
3 Months Ended
Aug. 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)Aug 31, 2026May 31, 2026
Raw materials$24,419 $19,307 
Work in process5,114 5,711 
Finished goods25,420 27,418 
Inventories$54,953 $52,436 
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 August 31, 2026 and May 31, 2026 was $6.4 million and $5.7 million, respectively.